Gabriel Is Still a Buy

Article Excerpt

GABRIEL RESOURCES $2.26 (Toronto symbol GBU; SI Rating: Speculative) (416- 955-9200; www.gabrielresources.com; Shares outstanding: 254.8 million; Market cap: $576.0 million) now faces a court challenge to its 80%-held Rosia Montana gold project in Romania. As a result, the Romanian government has suspended the environmental review process for the project. Gabriel has obtained legal opinions to support its view that the court challenge is without merit. It also believes that it has the support of the Romanian government. However, it will need to overcome this latest attempt to block the project. The risks of investing in Gabriel Resources are high, and a successful conclusion to the permitting process is still not certain. But we continue to see it as a buy for highly aggressive investors. investors…

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