Sibanye Stillwater (SBSW)

[goldenpolarbear]

Even as Europe grapples with repercussions of Britain’s vote to leave the European Union, a dispute over tens of billions of dollars is also threatening to roil the region’s $16 trillion economy.

The Italian government, according to some estimates, needs to spend $45 billion to shore up its banks burdened with bad loans. Fears that European authorities will bar the government from providing that support are adding to the turbulence caused by “Brexit.”

It may seem difficult at first to understand how the lenders of a medium-size country, none of which are particularly large, or engage much in risky Wall Street activities, could be spreading fear through global financial markets...."

http://www.nytimes.com/2016/07/07/business/dealbook/italys-plan-for-banks-could-roil-europe.html

http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/

http://www.bloomberg.com/news/videos/2016-07-07/italy-s-banking-woes-spark-fears-of-market-contagion

If Burnstone trades solely via Sibanye Gold shares; all GBGLF shares will immediately go to zero...
http://www.miningweekly.com/article/successful-southgold-business-rescue-precedent-setting-lawyer-2014-07-03
I highly doubt this will fully be the case...
http://www.tma-sa.com/events/tma-sa-conference-2015/80-13-35-pm-jared-n-and-eric-l-werksmans-attorneys/file.html

The South African court system and the bizarre relatively new South African Business Rescue system are under very close scrutiny by major players like Blackrock, Vanguard & MacKenzie to see exactly how these GBGLF shares will unfold over the next several years...
http://cfcanada.fticonsulting.com/GBGL/docs/FTI%20GBGL%20Receiver's%20Fourth%20Report.pdf

http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/

When and if these shares POP; they will explode in mere days ... Probably in 2019 if Burstone is somewhat successful? Or better yet properly ReRamped-Up by Sibanye Gold?

Sibanye Gold wanted the Burnstone debt ring-fenced for obvious reasons so...

>Southgold was a member of the Great Basin Gold (GBG) group of companies with its main business of mining exploration

>GBG was a Canadian company listed on the Toronto Stock Exchange

>Company is the owner of the Burnstone mine – Mpumalanga

>Southgold was placed under business rescue on 14 September 2012, pursuant to a voluntary resolution passed by the board of directors and Peter van den Steen was appointed as the business rescue practitioner

>Provision of post-commencement funding by secured lenders