Gabriel Resources Ltd V.GBU

Alternate Symbol(s): GBRRF

Metals & Mining Gold

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

Gabriel Resources Ltd

Bullboard Posts

Comment by Rockys_Dadon Dec 10, 2012 2:59pm

248 Views

Post# 20708904

RE: RE: RE: Rosia Montana Gold Mine Referendum Inv

There was no such thing as a ‘local’ referendum. This referendum was neither 'local', nor 'county'. It was a regional referendum organized only in 35 towns in Alba county. And the result was crystal clear:

With only 43.2% turnout (way below the 50 percent threshold needed to validate the vote), the referendum was invalidated. Period.

In other words, ‘money (wasted) for nothing’.

And just as a reminder: even if it was validated, the referendum had absolutely no legal value. It has only been an unsuccessful PR action by Gabriel.

https://www.bloomberg.com/news/2012-12-10/romania-regional-gold-mine-referendum-invalidated-mediafax-says.html

Bullboard Posts

Nvidia reports record revenue in Q3