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Gabriel Resources Ltd V.GBU

Alternate Symbol(s):  GBRRF

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

Bullboard Posts
Comment by pierre013on Nov 23, 2009 7:25pm
265 Views
Post# 16516103

RE: holdings

RE: holdingsI can be offset, but what I see in the new financing is money from Eatern Europe being poured in Gabriel. So what I think is the following: many romanian politicians are in this financing by a way or another. So when it will the time, they'll have the choice: die with their new acquired shares or get rich by giving all the permits to GBU and get the benefits. You have the choice, I'm wise or stupid...but knowing the mankind, I think that Gabriel management did a very wise move by puttting on board this new shareholder.

Pierre013
Bullboard Posts