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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Post by urai58on Dec 22, 2022 3:20am
1380 Views
Post# 35186400

Court stops (at least temporarily) Rovina

Court stops (at least temporarily) Rovina
As you know, I was massively invested in Euro Sun Mining from 2017 to 2019. ESM is one of the (few) companies which I know (very) well. I had even superficially familiarized myself with the national legislation in Romanian at that time, 2018. After the shares of ESM are quoted in the cent range and the completely incompetent CEO Scott Moore has resigned, I have now looked into a modest re-entry during the tax-loss-selling season. 
 
Result: Hands off! The Rovina project has been stopped by the courts until further notice. The crux of the matter: the local environmental permit was presumably issued illegally; those responsible were not authorized and had presumably committed procedural errors. The resignation of Scott Moore should also be seen in this context.
 
 
urai58
P.S. Read with online translation - goes very well and is understandable.
 
Translated with www.DeepL.com/Translator (free version)
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