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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 Dec 23, 2009 5:08pm
429 Views
Post# 16615480

RE: Hoping For A New Start

RE: Hoping For A New StartWhat I don't like is the same old scheme that we see in other countries in Africa. The government wants more money to be involved in Rosia Montana. They already get 20% and it seems to be not enough. That kind of thinking can kill the momentum and delays the project for many months if not years. Those socialists never understand what free enterprise means. That's what scares me right now when I have read the speech of their economic minister. I hope that I'm wrong but with all the delays we have seen in he last years anything is possible.

Pierre013
Bullboard Posts