Let's break this down in a constructive manner?30 Dec 2020 10:47
Hello there.
Checked out the theory of munchbox re Gabriel Resources.
Richard Brown is the Chief Financial Officer of the above said company.
If the investment is with Gabriel Resources then I think it is a good deal as long as this arbitration gets sorted and quickly.
The $5m dollar investment represents 6.4% of Gabriel's share capital if the warrants are taken up as well within 3 years.
The question is, will Gabriel win the battle against the Romanian Government to mine the the South Apuseni region. If so, how long is this going to take to reach that conclusion?
About Gabriel
Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The Company’s principal focus has been the exploration and development of the Ro?ia 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 that since pre-Roman times has been mined intermittently for over 2,000 years. The exploitation license for the Rosia Montana Project is held by Ro?ia Montana Gold Corporation S.A., a Romanian company in which Gabriel owns an 80.69% equity interest, with the 19.31% balance held by Minvest Ro?ia Montana S.A., a Romanian state-owned mining company.
Upon obtaining the License in June 1999, the Group focused substantially all of their management and financial resources on the exploration, feasibility and subsequent development of the Rosia Montana Project. Despite the Company’s fulfilment of its legal obligations and its development of the Rosia Montana Project as a high-quality, sustainable and environmentally-responsible mining project, using best available techniques, Romania has blocked and prevented implementation of the Rosia Montana Project without due process and without compensation. Accordingly, the Company’s current core focus is the ICSID Arbitration. For more information please visit the Company’s website at www.gabrielresources.com.
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