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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 Rockys_Dadon Dec 12, 2012 11:32pm
151 Views
Post# 20723191

RE: RE: RE: RE: RE: RE: Key victory for the oppone

RE: RE: RE: RE: RE: RE: Key victory for the oppone

What do you mean "blocked without merits"?  The impact study is still sitting in the TAC with little chance of being approved in the current form, as it breaks several Romanian laws.  Moreover, RMGC cannot start the mining project before purchasing all the land involved.  They bought 80%, but have no chance to buy the remaining 20%, around 200 individual owners who will never sell.

The Romanian Government is not to blame for RMGC spending money before getting all the land and all the permits needed.  It was RMGC who risked the investors' money, therefore it is them who have to pay!

Bullboard Posts