Take physic, pomp

Greystar (GSL.to) gets a thumbs down (but not THE thumbs down)

Here’s Reuters version of the news:

BOGOTA Dec 21 (Reuters) – A Colombian state ombudsman on Tuesday recommended the government consider rejecting a license for Canadian miner Greystar Resources (GSL.TO: Quote) to develop a gold project because of environmental concerns.
The national Inspector General’s recommendation is not binding, but the ruling could bolster those who argue the Angostura gold mine project would impact the delicate paramo ecosystems in northeastern Santander province.
“The Inspector General’s office has requested the ministry… study the possibility of not authorizing the environmental license for the mining project Angostura,” said the ombudsman CONTINUES HERE

Meanwhile, here’s the link to the procurator general’s press release (Spanish language). What? You’re long GSL but need a translation because you can’t speak the language? Well in that case Have A Nice Day 🙂

PS: Talking of people who don’t speak Spanish, I wonder how Nicholas CampbellSoup over at the Can of Corn will feeling about this news out of Colombia? After all, he’s the dude that reiterated his spec buy on GSL with a $9 price target…..on November 19th….when the stock was at $5.19….and now it’s going under $4…..you have a nice day too, Soupy.

Disclosure: no position in GSL.to (because I may be slow but I ain’t stupid)

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