Gabriel Resources Ltd. (GBU)

[buffet]

Conflicting news reports

The Globe and Mail reports in its Friday, June 6, edition that Gabriel Resources shed 30 cents to finish trading Thursday on the Toronto Stock Exchange at $2.35. The Globe's Market Movers column reports that Romanian Prime Minister Adrian Nastase has asked the country's top environmental officials to review Gabriel Resources' plan to dig Europe's biggest open-pit gold mine. Mr. Nastase's statement, broadcast by Romanian state radio, follows criticism of the Rosia Montana mine project by members of the Romanian Academy, the country's top academic institution, who said cyanide used to extract gold would harm the environment. Environment Minister Petru Lificiu last week said he would assign a special commission to study the projects' costs...

If the environment minister is about to assign a special commission doesn't that suggest the project is not about to be killed on June 12 by the other commission (the one mentioned below which was set up on March 24, or maybe this is just faulty reporting by the Globe.

On 24th March 2003 the Romanian Parliament set up a Parliamentary Commission to analyze the social, environmental, patrimonial and economic problems associated with Rosia Montana Gold Corporation’s (RMGC) Rosia Montana open cast gold/silver mining project.