Gabriel Resources Ltd. / GBU (TSX)

Moin moin,

ich würde jetzt die Hoffnung nicht aufgeben, kann allerdings nicht sagen, ob sich das dortige Erz
für den umweltfreundlichen Abbau eignet.
Vielleicht gibt es ja einen Experten im Forum, der uns hier weiterhelfen kann.

<http://www.goldseiten.de/content/wissen/verfahren.php>

Viele Grüße
Vatapitta

Gabriel macht erstmal Schluss.... Kurs reagiert kaum, ist wohl schon zu ausgelaugt.

Grüße

UPDATE 1-Gabriel to cut jobs, scale back Romania gold project

http://www.reuters.com/article…AN0447743420071204?rpc=44

Und von heute:
""The project has no chance," said political analyst Emil Hurezeanu."

Da wird Carparthian wieder mitgezogen. CPN.TO
Ich find ja nichts, warum die betroffen sein sollten?
Kein cyanid, etc...

Romania moves to block Canadian gold mine project
Thu Dec 6, 2007 8:19am EST

By Radu Marinas

BUCHAREST (Reuters) - Romania looks set to ban the use of cyanide in mining in a move that will effectively block a Canadian project to build Europe's biggest open cast gold mine, officials said on Thursday.

Gabriel Resources (GBU.TO: Quote, Profile, Research) has already invested more than $300 million in the Rosia Montana gold mine in the central province of Transylvania but the project has faced a series of hurdles over health and environmental worries.

A key environmental review required for the project was suspended by Romania's Environment Ministry in September following a court challenge from non-governmental organizations.

Gabriel has said the suspension is illegal and designed to appease voters, and has said it will use "all resources at its disposal" to reverse the decision. But it has said it will slash jobs and scale back activities related to the project.

A bill is now progressing through parliament that would effectively kill off the project by banning all cyanide mining.

Its sponsor, Senator Peter Eckstein-Kovacs, told Reuters on Thursday the bill had now secured government support and was very likely to be passed.

"There is a big chance that our proposed plan to ban cyanide in gold and silver mining will pass parliament. We have secured government backing ... and many opposition deputies back it."

Eckstein-Kovacs, a member of the ruling coalition's junior partners, the ethnic Hungarians, argues the use of cyanide is hazardous and could lead to a repeat a 2000 disaster when a Romanian mine polluted cross-border rivers.

Romanian authorities and environmental groups say drilling in the Carpathian mountains would also destroy ancient Roman mines and that using cyanide would harm the environment.

Gabriel has defended the use of cyanide in mining saying that it cannot develop the Rosia Montana mine economically without using the poison.

Environment Minister Attila Korodi told Reuters on Thursday that he hoped parliament would give a verdict on the proposed change in mining legislation soon.

"The bill is now under debate in parliamentary commission. If it passes, Gabriel will need to bring a total change to their technical project," Korodi told Reuters.

Korodi said the review of the environmental impact assessment study could be unblocked if the court cleared the case:

"If the court rules that a previous certificate obtained by Gabriel is valid, we can go ahead with reviewing the project. Such an assessment can take several months."

But analysts said Gabriel had almost no chance of reviving its project given the current political situation in Romania, something that was unlikely to change at least until late 2008.

"The project has no chance," said political analyst Emil Hurezeanu.

Dann muessen wir jetzt bis 2009 auf unser Geld warten.

Vielleicht geht mit ein paar Dollar das Gift wieder weg.

Environment Minister Attila sauft zu viel und kriegt zu wenig...

Das sind doch alle Nutten diese Politiker !..ueberall Bakshish $$$..

Ich find den heutigen Rebound interessant. heißt ja eigentlich das kein Geld mehr verbrannt wird bei GBU. Shortseller decken sich wahrscheinlich ein.Muss mir mal die Financials näher ansehen. Haben die sonst noch interessante Properties?

Grüße

Wichtiger Artikel:

s Soros Using Environmental Scare Tactics To Gain Control of Gold Mine?
By Bill Hobbs | December 10, 2007 - 17:00 ET
A recent NewsBusters post about the role that leftwing billionaire George Soros played in undermining, quite literally, the economic future of an impoverished region of Romania, prompted a reader to send me a link to a profile of Soros published in 2003 which contains a tantalizing mention of Soros' involvement with another mining project in Eastern Europe.

Writing in the London magazine New Statesmen about Soros and his "Open Society Institute," journalist Neil Clark wrote,

Soros deems a society "open" not if it respects human rights and basic freedoms, but if it is "open" for him and his associates to make money. And, indeed, Soros has made money in every country he has helped to prise "open". In Kosovo, for example, he has invested $50m in an attempt to gain control of the Trepca mine complex, where there are vast reserves of gold, silver, lead and other minerals estimated to be worth in the region of $5bn. He thus copied a pattern he has deployed to great effect over the whole of eastern Europe: of advocating "shock therapy" and "economic reform", then swooping in with his associates to buy valuable state assets at knock-down prices.

Is that what Soros has done in Romania? He clearly has used his Open Society Institute's Romanian office to fund and lead opposition efforts by various non-Romanian environmental groups and NGOs to the proposal by Gabriel Resources, a Canadian mining company to mine gold in Rosia Montana, a proposal that included cleaning up the vast environmental damage done to the town by the now-closed communist-run mine.

Here's where it gets downright interesting. Soros owns a chunk of Denver-based Newmont Mining. Newmont owns a stake in Gabriel. Which means Soros, effectively, owns at least a small piece of Gabriel. By helping to kill the Rosia Montana project, Soros has driven Gabriel's stock price down significantly. At the same time the Rosia Montana project site itself still sits there, loaded with gold, and Soros is known to scoop up depressed mining ventures.

Writer Neil Clark's piece doesn't give details on how Soros pursued the Trepca mine, so I googled it and found the Trepca mine story is wrapped up within the NATO war in Kosovo against the Serbs.

A few months after the military occupation of Kosovo, the International Crisis Group (ICG) a think tank supported by Financier George Soros, issued a paper on "Trepca: Making Sense of the Labyrinth" which advised the United Nations Mission in Kosovo (UNMIK) "to take over the Trepca mining complex from the Serbs as quickly as possible and explained how this should be done". And in August 2000, UNMIK Head Bernard Kouchner sent in heavily armed "peacekeepers" ("wearing surgical masks against toxic smoke") to occupy the mine on the pretense that it was creating an environmental hazard through excessive air pollution.

Soros and his allies opposing Gabriel Resources' gold mine in Rosia Montana also claimed - falsely - that it would be an environmental hazard. The truth is, the existing shut-down communist-run mine is a bleeding environmental sore, turning area streams orange with all manner of toxic pollution.

Don't be surprised to see Soros come to the "rescue" of Rosia Montana by offering to purchase the mine.

And, unfortunately, don't be surprised if the Western media pays little attention.

This article in the Cyprus Observer also gives some good insight into how Soros operates, including his use of "think tanks" funded and controlled by him to manipulate policy in whatever direction most benefits his business interests and goals.

Kirk Leech, the freelance journalist and author of the GoldenMyths.com website, which focuses on the Rosia Montana story, writes that the mothballing of the Rosia Montan project "is an economic and social disaster for the 300-plus full time workers employed by the company, the majority of whom now find themselves laid off, and for the local inhabitants of this economically blighted valley village, who face an even more uncertain future than a week ago."

The only certainly for those who will suffer hardship through the freezing of the project is that the mine will continue to be a political football, kicked around by comfortable western environmentalists, rich local landowners, business interests hoping to benefit from a faltering project and opportunist Romanian and Hungarian politicians. Or anyone who feels like putting in their two cents- worth, without knowing the first thing about this complex and technically sound project. It has been trendy to dump on this project, though as fads come and go, this too shall pass. But why should disadvantaged people get caught in the middle?

In recent months the project has looked more like an episode from the television show LA Law than a mining company seeking to extract gold and silver from the ground. The project has found itself up to its briefs in court battles and dealing with a political class that it at best supine at worst downright Machiavellian. Makes you wonder who’s scripting this?

Answer: Soros. Read on...

The clear losers in this battle are the people of Rosia Montana. The clear winners, outside of lawyers and consultants, are those mentioned above who have effectively hijacked the real concerns of local people for their own partisan interests. It’s worth recounting what has occurred over the past few months.

In September the Ministry of the Environment and Sustainable Development suspended the evaluation of the Environmental Impact Assessment (EIA) in a move that was clearly political, having no basis in Romanian law.

In November the local court in Cluj annulled an urban planning certificate that Alba county council had granted to RMGC. Alburnus Maior, the lead NGO opposing the mine and George Soros’ Open Society Foundation led the challenge to this urbanism certificate. In reality the certificate is not even a permit or an approval and cannot be legally challenged according to Romanian law. To add to this the court of appeal in Brasov also cancelled a certificate allowing RMGC to work on the Carnic Massif hills where traces of Roman mining remain.

He concludes:

A supine Romanian political class has allowed the National Liberal party and the Democratic Union of Hungarians in Romania to act as a Trojan horse for those seeking not to stop gold mining in Rosia Montana but for it to be carried out by others.

The primary opposition to the Rosia Project was always portrayed by western media such as the New York Times and PBS as being local to the region and the country of Romania - the David vs. Goliath angle is a shopworn but still-beloved story structure for Western journalists - but the truth is that the opposition was always connected to and controlled by outsiders - Western environmentalists who didn't live in Rosia, or even in Romania, and of course Soros both personally and through his Open Society Institute.

Hallo,

In einem Beitrag in Kapitalschutz Aktie vom 6.2.09 empfahl Bill Bonner Gabriel Resources WKN931885. Marc Faber soll in einem Interwiew die Aktie empfohlen haben. Kennt jemand die Aktie und hat Infos darüber? Habe in der Suche nur einige ältere Beiträge gefunden und auch bei google nach Mitte 2008 nichts wirklich informatives mehr finden können.

Wie ist das Risiko zu berurteilen und gibt es Chancen, das Ende 2007 zum Stillstand gekommene Projekt voranzubringen. Wie seriös sind die Betreiber und die Finanzierung falls das Projekt wie einmal geplant 2009 oder 2010 weitergeht? Profitabel wäre es ja, aber der Umweltschutz ist ein Problem.

Gruß cook

Marc Faber zu Gabriel:

Zitat

I agree with Felix’s bullish view of gold, except that gold prices might not go up until later in the year. The price was up 5% in U.S. dollars and much more in other currencies in 2008, and people may sell it first to buy something lower-priced. Felix pointed out [in last week's Roundtable installment] that gold-exploration companies have been decimated by the financial crisis. I see the potential for a huge rebound. A lot of exploration companies are selling for 2 or 3 a share, which is like buying an option with a very, very long expiration date. If the global economy improves, they can probably produce. If not, prices will go ballistic because there will be no new supply. Gabriel Resources, in Canada, trades for 1.60 Canadian dollars. Newmont Mining [NEM] owns a sizable stake.Zulauf: Valuing such companies is difficult. They will either work out and you’ll make five or 10 times you money, or they won’t.

Source: http://www.entendance.com/foru…opic.php?f=23&t=653#p3469

Gabriel Resources Swings to Profit in Q4 on Foreign Exchange Gains - Update
3/5/2009 11:03 AM ET

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Gabriel Resources Swings to Profit in Q4 on Foreign Exchange Gains - Update

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Gabriel Resources swings to profit in Q4 - Quick Facts

(RTTNews) - Thursday, Canadian mining firm Gabriel Resources Co. NPV (GBU.TO: News) reported a profit for the fourth quarter compared to a loss last year, helped by foreign exchange gains on weak Canadian dollar. The company also said it would continue to incur losses until Rosia Montana project begins commercial production.

Net income for the quarter was C$3.96 million or C$0.02 per share compared with net loss of C$7.8 million or C$0.03 per share in the prior year period. The company noted that foreign exchange gains on foreign currency cash balances helped to generate profit.

Total operating expenses declined to C$5.15 million from C$5.77 million last year primarily due to lower corporate, general and administrative expenses,

For the twelve-month period, net loss narrowed to C$4.1 million or C$0.02 per share from C$23 million or C$0.09 per share in 2007.

For the year 2008, a C$15.8 million foreign exchange gain reduced the loss significantly. The previous year loss reflects a foreign currency loss of C$11.4 million. A swing of C$27.2 million in foreign currency movements helped the full year 2008, while additional income tax expense of C$6.1 million offset the gain.

Total operating expenses for 2008 declined to C$13.77 million from C$15.09 million in the previous year.

Gabriel's current estimate for completion of Rosia Montana project is US$1 billion, compared to estimate of US$750 in 2006. Gabriel expects to finance these costs with about 25% equity and 75% debt. The Project targets 626 thousands ounces of gold annually during its first five years of operation and an average of 511 thousands ounces per year over its 16-year mine life.

The company it will require additional capital for the project, which if not raised in 2009 would result in the curtailment of activities and result in Project development delays and or a review of strategic alternatives. The company said it would continue to incur losses until Rosia Montana starts commercial production.

Gabriel Resources is currently trading at C$2.58, down C$0.12 or 4.44% on a volume of 61,090 shares on the Toronto Stock Exchange.

Hallo,

danke brain und EdelMan, aber leider nichts wirklich Neues.

Es muss meiner Meinung nach eine positive Nachricht gegeben haben, denn der Kurs stieg seit Weihnachten 2008 von etwa 0,83 €

bis auf etwa 1,85 € Anfang März 09. Dann folgte ein stetiger Fall bis auf 1,43 € am 13.03.09 um dann wieder heute innerhalb 2 Tagen auf 1,73 € zu steigen. Eine Korrelation zum POG kann ich nicht erkennen. Aufgrund eurer Einschätzung würde ich noch bis 2 € halten und dann Gewinne realisieren.

Obwohl die Prognose mal das doppelte und mehr betrug. Siehe auch frühere Beiträge von Martin Siegel (Westgold). Leider hat er sich (wohl seit 2005) nicht mehr geäußert, also vermutlich nicht mehr relevant.

Meine Meinung im Moment:

Als Beimischung mit hohem Risiko nur mit Geld was man so zum Zocken übrig hat. Ich halte mittelfristig 5000,00 € für das höchste vertretbare Risiko max. 10% Anteil vor für risikofreudige Anleger. Gewinne realisieren und in EM investieren. Ende 2009 ev. ganz raus bei keinen weiteren guten Nachrichten. Was sagt ihr dazu?

Hi,

aufgrund der abwertenden Reaktion hier hat mein Bekannter vor einiger Zeit bei damaligem Höchstkurs 1,40 verkauft.

Heute +51% 2,05 Euro. Jeder nach seinem Risikoprofil. Selbst ist der (Edel-) Mann.

Gruß cook

ich hab das ding leider aus den augen verloren. ~2,30 hätte man kaufen müssen, nach dem ausbruch.

generell halte ich explorer mit hohen nachgewiesenen vorkommen, aber temporären problemen für extrem interessant, weil sie einen gewaltigen hebel haben!

Seit einiger Zeit bewegt mich ein Gedanke: Wenn die Finanzkrise fortschreitet kommen Regierungen von Ländern wie Rumänien besonders unter Druck ( Abhängig vom Tropf dr Banken IWF etc. ) und gleichzeitig muß der Goldpreis durch Produktion ( wahrscheinlich wird nichts anderes helfen) gebremst /gedrückt werden oder shortpositionen gedeckt werden. Ist es da nicht sehr gut möglich daß Durch schlichte Erpressung in einigen Ländern Umweltstandards über Bord gekippt werden und es dafür Genehmigungen Regnet. Wie ist eure Meinung dazu ?( Halte seit Okt 09 mittlere Pos wegen diesem gewaltigen Potential und denke trotz 200% Buchgewinn nicht ans verkaufen)

Heute netter hüpfer wegen Enviromentalgeplänkel . Falls irgendwann eine GENEHMIGUNG erfolgt gehts richtig aufwärts. davor weiterhin nur das übliche uww usw usw

Zitat von Lexus

Seit einiger Zeit bewegt mich ein Gedanke: Wenn die Finanzkrise fortschreitet kommen Regierungen von Ländern wie Rumänien besonders unter Druck ( Abhängig vom Tropf dr Banken IWF etc. ) und gleichzeitig muß der Goldpreis durch Produktion ( wahrscheinlich wird nichts anderes helfen) gebremst /gedrückt werden oder shortpositionen gedeckt werden. Ist es da nicht sehr gut möglich daß Durch schlichte Erpressung in einigen Ländern Umweltstandards über Bord gekippt werden und es dafür Genehmigungen Regnet. Wie ist eure Meinung dazu ?( Halte seit Okt 09 mittlere Pos wegen diesem gewaltigen Potential und denke trotz 200% Buchgewinn nicht ans verkaufen)

Dazu passend Goldseiten 18.09.2010 Kenias Berbauindustrie wird massiv durch 60 Jahre altes Gesetz behindert. Dieses soll jetzt geändert werden . Natürlich zum wohle der Bevölkerung

@ Edelman Hätte ich nicht GRZ / KRY im Kopf wäre meine Pos doppelt so groß . Hier ist das verlustrisiko denke ich deutlich geringer . Leider bin ich der geborene Looser bei den meisten kurzfristigen Aktionen ( Buy High Sell Low ) durch SL oder Mental noch später. zb hast du DGV um 1€ gekauft ich wäre hier sicher bei 0,80 heraus -20% und hätte nicht mehr gekauft . AST hat auch ein Polit Problem das man evtl aussitzen kann . Da ich nicht zuviele von der Sorte will habe ich mir den kauf obwohl tief ca 0,75? bemerkt nicht gekauft