After much unrest in Romania involving some of the biggest protests since the end of communism, a specially created Romanian commission overwhelmingly rejected Gabriel Resources Ltd. (TSE:GBU) (OTCMKTS:GBRRF)’s proposed gold and silver mining project in Rosia Montana.
See Seth Klarman Striking Out In Gold And Limestone Mining
The company’s stock fell almost 9% on Monday as the news began filtering through. The general feeling is, despite an optimistic statement from the company, that this could be the end of the project.
Romanian government backtracks in the face of public opinion
Just moments before the commission returned its emphatic decision, Romanian president Victor Ponta said that government...
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