Shares of Canadian company Gabriel Resources (GBU) tumbled more than 95% on the first day of trading on the Canadian Stock Exchange in Toronto after Romania won a case against Roșia Montană at the International Court of Arbitration. But not before the share price almost doubled, fueled by political statements from Bucharest.
A few weeks before the verdict, the Romanian government made public statements predicting the exact opposite: failure in the arbitration court and the payment of huge compensations, more than 6 billion dollars, to Gabriel Resources.
Naturally, the question arose: who benefited from this political-stock market struggle, and especially, was it a manipulation of the Toronto stock market?
Read more at Panorama.ro
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.