Still, it’s hard not to notice when a single stock holding tumbles by 29% in a single day. For many years Gabriel has tried to develop the Rosia Montana gold project, spending more than $400 million, but has been thwarted by environmental concerns over the plan to use cyanide to develop an open cast gold mine. The recent volatility in the price of gold wasn’t the only negative news impacting the effort as an environmental permit is now being slowed because Romania is demanding extra financial guarantees. But Paulson, Klarman and Kaplan have proven to be patient long-term investors.
http://www.forbes.com/sites/nathanvardi/2013/04/29/the-romanian-gold-mine-bending-billionaire-investment-portfolios/
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