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Gabriel Resources Ltd GBRRF


Primary Symbol: V.GBU

Gabriel Resources Ltd. is a Canadian resource company. The Company's principal business consisted of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district. The Bucium exploration concession is located approximately five kilometers to the southeast of Rosia Montana in Western Transylvania and bordering the Rosia Montana exploitation permit. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A., a Romanian company in which the Company owns an 80.69% equity interest, with the 19.31% balance held by Minvest Rosia Montana S.A., a Romanian state-owned mining company. Its subsidiaries include Gabriel Resources (Barbados) Ltd., Gabriel Resources (Netherlands) B.V., Gabriel Resources (Jersey) Ltd. and RM Gold (Services) Ltd.


TSXV:GBU - Post by User

Comment by SilverSamon Mar 14, 2024 2:00am
238 Views
Post# 35931985

RE:Whoever is buying all the shares at this level

RE:Whoever is buying all the shares at this levelIt's really not a lot of shares, when you consider that there are over a billion shares outstanding.  Only about 4% of the float has traded so far this week, suggesting that the main players might be holding on to their shares.  It's also possible that one of the hedge funds is in negotiations to finance the appeal to annul the judgement, thus surrendering a large chunk of the pie to the financier, should the appeal be successful.
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