Eco Oro Minerals Corp C.EOM

Gabriel Resources Lost

[COCornelius]

Early reports out of Romania saying Gabriel Resources also lost....

[rdpsims]

Colombia is broke and the overseer knows this so they rule in favour of Colombia and bankrupt companies versus a country. we are screwed royally by "investing" in a leftist corrupt country sadly.  Oh well it's gone. 

[oldtimer42]

I do it know what you are smoking, but I gotta get me some!

[COCornelius]

https://www.reuters.com/markets/commodities/canadas-gabriel-resources-loses-damage-claim-against-romania-failed-gold-mine-2024-03-08/

[COCornelius]

Dissent by Gabriel's legal... March 8, 2024 The Tribunal renders its award; attached to the award is a partial dissenting opinion by arbitrator Horacio A. Grigera Nan.

[MacBook]

Not followed the details of the Gabriel case but the BIG difference VS EOM is that the tribunal has already ruled Colombia violated article 805 of FTA our wait is on damages.  EOM argued for a valuation comparable to the Galway Soto Norte transactions. hence the $685M about $225/oz.  My view is that number is still very low but It is very defensible in court.   p { line

[sailor8]

From procedural order 12:  ... point L: "l. What is a commercially reasonable interest rate?". Marking added by me. An important question if we take the long time of the tribunal decision into account.