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Bullboard - Stock Discussion Forum 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... see more

TSXV:GBU - Post Discussion

Gabriel Resources Ltd > Romanian Senator Expects to Pay $3.8 billion to GBU
View:
Post by astonbay on Feb 08, 2024 4:58pm

Romanian Senator Expects to Pay $3.8 billion to GBU

https://ecopolitic.ro/senatorul-diana-sosoaca-despre-cazul-rosia-montana-vom-plati-38-miliarde-de-euro-pana-la-finalul-anului-din-cauza-acestor-incompetenti-din-guvern/

(Translate from Romanian) 

Diana ooac, senator from Iasi, discussed on BZI LIVE that Romania expects to lose the lawsuit filed by Gabriel Resources against our country for the gold from Roia Montan on February 10. In this context, the Romanian state will have to pay 3.8 billion euros by the end of 2024, writes bzi.ro.


"There are 3.8 billion euros until the end of the year. Last week I told you these things. It's good to listen to me from time to time, I have my information and great people who tell me. I look at the world map and read the information from abroad. I have connections with many political people from many countries. We have known each other since the pandemic, we have practical discussions. I said that there would be problems in Roia Montan, I got involved that another company intervened that wanted to purchase the land of the people there. The respective company went into insolvency and they could not go any further. I was with fellow lawyers there, we fought as best we could and stopped these things. The gold is extracted from other parts. We ended up receiving orders from the European Commission. I told you last time that we will end up paying compensation for Roia Montan because there are some obligations, look who is leading us. People who have skeletons in the closet and cannot decide for Romania, but others decide for them. It was decided that if we want to be left alone, we will have to pay this amount of 3.8 billion euros. Hence the desperation of those in the Government because they can no longer find this money. We have to borrow. The arrival of the IMF is no stranger to these issues," said Diana ooac, president of SOS Romania.

 

The president of SOS Romania mentioned that the whole situation at Roia Montan was created for the rare metals found there and not for gold.

 

"We are caught in the middle by some functional illiterates who have sold the country. We should not have to pay anything because the contractual conditions are not met, they are Romanian assets in the public domain and cannot be alienated. We should be compensated, but these things are done behind closed doors. How do you give Roia Montan without an auction? Most of Romania's properties were then given away, industry was destroyed. Shouldn't Adrian Nstase tell us what he was promised in this exchange? It is one thing for a person who has no legal training to do these things. He was a university professor, the court says it is serious that you should have seen these things. As prime minister, you cannot sign and appoint your ministers. Some say that he was promised that he would be the president of Romania. How to be president of a country without any wealth? There are many question marks. Maybe he was forced or blackmailed. We gave up in order to enter NATO. I am asking the American embassy to come out publicly and say what happened to the Bechtel contract. We respect them, we gave them everything we have, let them respect us a little and at least give us the truth. Those from Rise Project say that there are several loan contracts that show how the Romanian state, after giving away the license for free, without an auction, ended up owing 40 million dollars to the company. I give you trillions of dollars to the rich, it's priceless what's there and I'm also in debt. It's not about gold, contracts are made specifically for gold. These are rare metals, they are not found anywhere else in the world. They are used in advanced technologies or important weapons. They measure only gold and declare only that. When the mold is taken you actually only evaluate the amount of gold, but when you take it out of the country, you go to Hungary where there is a specialized industry for this. The center was abolished here. The rare metals are taken out, taken over and taken to other countries in the world", added the senator from Iai.

Also, in the continuation of her dialogue, Diana ooac mentioned that these rare metals are taken out of Romania through tunnels and exported to other countries.

"I don't want to cause an international scandal, I don't name the countries. I will tell them sometime because someone will have to stop them. Prime Minister Marcel Ciolacu should come out and talk real about the case and who is behind them. There, the rare metals leave the country without paying anything at all. Roia Montan and everything around is interesting. It is removed through tunnels at a distance of 20 km from the UNESCO heritage. I was there, I filmed, I had interviews with professionals, with locals. I even stopped an auction. There are professionals there who have told how this illegality is done and how Romania is plundered with the help of state bodies at the highest level. Parliamentarians are not strangers to these matters. The SRI knows these things, it has been notified. What is the involvement of SRI? Firms were formed following the commissions there led by SRI reserve generals and the collaboration of those active in the SRI. The case must be on the CSAT table, it is a case of national security. They are metals used in the army and they would be useful to us. The SRI should also tell us about the collaboration with the Russian secret services. I am not a Putinist, but others are not even that much. It's about the Soviets, it's worse. We also have in Romanian politics, including ministers. They are traitors, they give information both in the east and in the west. I can't wait for a moment to come, if they want to play so seriously, I will tell the truth. Step by step Mr. Iohannis. This is my answer to your threats", concluded the president of SOS Romania.

Comment by astonbay on Feb 08, 2024 5:00pm
Correction 3.8 billion Euros. This is equivalent to $5.5 billion CAD.  $5.28 CAD/share
Comment by TELEMARKER on Feb 09, 2024 12:35pm
where is Romania going to get money?  I doubt that it has any reserves
Comment by astonbay on Feb 09, 2024 1:39pm
That's why it's such a massive political issue in Romania right now. The ICSID award is final and binding so Romania may have to take some debt to pay the award. 
Comment by TELEMARKER on Feb 18, 2024 9:17am
How binding can an award be if a country does not have the reserves and what are the chances it borrowing billion of dollars? I doubt EU would lend to Romania. World Bank?  https://european-union.europa.eu/principles-countries-history/key-facts-and-figures/life-eu_en Romania is a southeastern European country known for the forested region of Transylvania, ringed by the ...more  
Comment by astonbay on Feb 19, 2024 8:07am
Translate this Romanian article and give it a read. https://www.libertatea.ro/stiri/ce-se-intampla-daca-romania-pierde-procesele-cu-rosia-montana-si-pfizer-economistii-spun-ca-nota-de-plata-se-va-transforma-in-cresteri-de-taxe-suntem-captivi-intr-un-stat-esuat-4802272 Romania's a stable country and can definitely borrow a few billion easily. They will then likely raise taxes on their citizens ...more  
Comment by TELEMARKER on Feb 19, 2024 10:18am
Count Dracula would be rolling over in his grave if that heppene
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