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We got the bad news.....REVOKED.
GBGLF revoked:
https://www.sec.gov/litigation/admin/2016/34-79097.pdf
Still no SEC news----those 21 days must be in bizarro world just like the whole GBG BS
Who and why does anyone short a sub-penny GBGLF stock...?
http://otcshortreport.com/index.php?index=GBGLF
Since the SEC has started their investigation the number of shorts has severely been reduced? Why?
2015 Net-Worth for Congressman Ron Paul
Why has Ron Paul not dumped his... GBGLF shares?
http://www.davemanuel.com/pols/ron-paul/
United States of America
Quote:
"...No matter who wins the election or even if there is a hike in interest rates, gold will still go up, says Ron Paul who was interviewed by CNBC on Friday.
Paul conceded that interest rates are probably heading up, which should dampen gold prices. Polls also point to Hillary Clinton win, which may reduce market uncertainty. But a healthy economy "will be fundamentally good for gold" over the long term, says Paul.
Paul lauded gold as the best performer over the long term. Low interest rates are also driving savers to gold.
"The laws of economics are more powerful than all the politicians and all the central bankers."
Regarding the presidential race, Paul is not concerned if Trump prevails since he doesn't see a "whole lot of difference between the two parties."
"Nothing really changes no matter who wins. Governments keep growing, deficits keep growing. The Fed keeps printing more money so I don't expect a lot to change."
"I look at what the Fed is doing. History is on my side. When you print money and you have a fiat currency, it all becomes political; deficits are looked at as benefits. Believe me, gold prices will go up."
Paul cautioned that the election is still up for grabs.
"People are so disgusted with the two candidates," says Paul. "It depends upon how many people stay home."
http://www.mining.com/believe-me-gold-prices-will-go-up-says-ron-paul/
https://www.sec.gov/Archives/edgar/data/865492/000086549203000016/0000865492-03-000016.txt
The facts show that he should be holding a very large chunk of these GBGLF shares!
2015 Net Worth for Congressman Ron Paul
Why has Ron Paul not dumped his... GBGLF shares?
http://www.davemanuel.com/pols/ron-paul/
United States of America
“If the economy is truly getting better, that would be better for gold long-term,” said Paul.
“Short-term gold has taken a big hit and it could very well go down more, but it’s still up 10 percent from a year ago.”
For more on former U.S. Representative Ron Paul’s take on the elections and markets see
How's GBG doing...is he still a shareholder.
GBG
http://www.sharenet.co.za/v3/quickshare.php?scode=GBG
GBGLF GBG Great Basin Gold shareholders should be properly compensated prior to the lawsuit and for any frauds committed by the previous management ...
http://www.stockwatch.com/News/Item.aspx?bid=Z-U:GBGLF-2408750&symbol=GBGLF®ion=U
http://www.mcmillan.ca/LindaRocca
https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/oral-reasons-for-judgment.pdf
How much longer should we expect these charades to last....I'm wondering what the SEC judge is doing about the judgment---will we be privy to some of the information that led to the decisions.
Go lawsuit Go against former GBG management, nothing like the rotten smell of a lawsuit to tarnish a "squeaky clean reputation".
GBG shareholders matter.
Where's the volume and the SEC answers.......
GBG
Honestly, I cannot understand WHY the SEC has not immediately revoked these shares from all North American exchanges. If there goal is NOT to revoke them and send them into default; there is only one other direction these shares can possibly take ...
If by mid-October these pathetic shares are still trading... They are a buy IMO
https://www.sec.gov/about/whatwedo.shtml
Something doesn't smell quite right, I think that Froneman fellow from "FIB"anye isn't exactly being up"frone" with GBG shareholders.....
All these GBG "managementsters" need those "quaint" reputations tarnished with some lawsuits. The DIPs in all of this has been the share price, what exact monetary value has been placed in Southgold remains a mystery.
Ironic how Froneman wants the SA govt changed, to what purpose exactly, more mining camouflaging of assets?
And how about that SEC judgement....when are we going to get news about that?
And still no trading volume, GBG is worse than the Donald's hair. At least on TV he appears to have lots of hair,lol, and GBG looks like Hill's beaten dog.
Where's the VOLUME...
'US $350,000,000 Revolving Credit Facility...'
https://www.sec.gov/Archives/edgar/data/1561694/000120561315000110/sibanye_release.htm
Nagoya, WHY would Credit Suisse be a LEAD ARRANGER to Sibanye Gold if they had lost millions via Great Basin Gold and the Burnstone mine...?
Bank Of America, HSBC Bank plc, Merrill Lynch International Ltd., RBC Capital Markets, Citi,
Bank of Montreal, Goldman Sachs Bank USA etc...
Neal "Froneman says Zuma must quit"
NO GBGLF volume today...Concerning! Hmmmm SEC? EOM!
Where's the volume.....and how about that SEC judgment, on vacation?
I hope the lawsuit gets some traction, nothing better than some mudslinging to some seemingly clean legacies....
GBG
GBGLF is still-trading... A BUY? UP 56%-today...
It might be time to purchase...
If the SEC does not put the brakes on these shares... ? Hmmm...
Great Basin Gold Limited GBGLF & Morningstar
http://quotes.morningstar.com/stockq/analysis-report?&t=PINX:GBGLF®ion=usa&culture=en-US&version=RET&cur=&test=QuoteiFrame&e=eyJlbmMiOiJBMTI4R0NNIiwiYWxnIjoiUlNBLU9BRVAifQ.oxjNNayLv_YfnborR5xY8spQz62JYL1G1BELNNKaW4HIbLuJU92m7mdKUypE3hRTMkz79f5LYAyzWap2EAO3h25dEYli9KbRpN2FT3rmwcstB6yIqu-apCqSWuO0eaHnpWPznZkxhFvajfUgrXbhdFrU54i3HdzeT3_LOgI1qiE.Nvi7yHqyZ0vYXgsu.Pv0whTSytVIBqJjWf0nETgSZdxGZHHOt6uMB-QuTio4l9ozjwPluBWWavdGppSJkkoS--rOZkqtnY_tzGBca6S0flei6_PrpA6c9sXguYfBPB34X-Y1CB0LEOHbTjFSKgFj_sXL9zZvV2OwSPGIFsa-T4s2eeU5bBfJqySoDn5asTRSHKQh-gROyawT-PCe3OqjTF_1utIWIRRvUG8WXpT7DqxDBsXHnTLU0DWI.-WlwFlInQNGCL3YH8ETOCQ
Why is Morningstar taking any interest in Great Basin Gold?
http://frontstreetcapital.com/files/fundfiles_public/Flatiron_top_25.pdf
Even Front Street Capital is mentioning...
http://www.finanzen.net/anleihen/A1AWQF-Great-Basin-Gold-Anleihe
Class E Corporate Members
http://www.pdac.ca/members/membership/senior-corporate-members
The Royal Bank of Canada will be https://www.sec.gov/Archives/edgar/data/865492/000106299309004088/exhibit99-1.htm
"...Great Basin Gold Ltd.'s former director, Walter Segsworth,
..."
https://www.pressreader.com/canada/stockwatch-daily/20160923/281509340663766
If GBG is on its last legs, the volume is lesser than it was before the SEC soon to be ruling.....If the ticker was worth next to nothing how come no one is willing to accept 0.002 than lose everything...
Things that make me wonder what is going on behind the secenes.
GBG....let the lawsuit take some of the shiny gleen off of the previous management team.
Panama Papers http://panama.data2www.com/o/12060829
GBG RUSAF GOLD LIMITED (formerly Rusaf Gold Limited)
http://panama.data2www.com/e/10124200
Boulder Investments Ltd Cyprus 100% (held through GBG Rusaf Gold Ltd.)
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=236605696
https://www.sec.gov/Archives/edgar/data/865492/000106299312001092/exhibit99-5.htm
Sibanye Gold picked up the Burnstone gold mine from Wits Gold via the South African Court ordered Business Rescue of SouthGold/Burnstone/Great Basin Gold mine
http://www.sec.gov/Archives/edgar/data/1561694/000120561314000049/sibanye_osprey.htm
Sibanye Gold may have to honour these GBGLF shares as part of the Business Rescue and Burnstone was provided to Sibanye Gold for literally pennies on the dollar $o ... We shall see.. Very little information has been released and investors have had to hunt hard for info. We have been left in the dark...
http://www.polity.org.za/article/business-rescue-of-southgold-gives-mine-a-new-lease-on-life-2014-08-07
These GBGLF shares should have gone to zero several years ago and they have not ...
https://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/Petition-to-the-Court.pdf
On a separate note, Sibanye may have wanted to Ring-Fence the debt and RISK of ReRamping Up the Burnstone and this along with the fact that if Burnstone goes bankrupt yet again ALL mining rights go directly back to the South African government...
https://www.mining-atlas.com/operation/Burnstone-Gold-Mine.php
President Zuma can dispose of Burnstone as he sees fit if Sibanye ....
http://www.miningweekly.com/article/successful-southgold-business-rescue-precedent-setting-lawyer-2014-07-03
http://cfcanada.fticonsulting.com/GBGL/
Sibanye Gold has stated that it will not ReRampUp the Burnstone 24 million AU OZ mine until late 2018...
If Burnstone trades via Sibanye shares = 0
If Sibanye trades it via GBGLF shares or at least must honour some of their value by 2019 because of the SA Business Rescue Plan = $$$$
Obviously this is a much more complex story so do some serious DD before you drop a dime...
HEROZ or Zeroz?
Cheer$,
Golden Polar Bear
PS we have been waiting years for proper news to no avail I m h o
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https://www.sec.gov/litigation/admin/2016/34-78363.pdfGreat Basin Gold Limited
ABOUT THE COMPANY
Great Basin Gold Limited is an international mining company with two emerging mines in the world's richest gold regions: the Hollister Mine on the Carlin Trend in Nevada and the Burnstone Mine in the Witwatersrand Basin, South Africa. These assets, combined with exploration activities in Tanzania and Mozambique, make Great Basin Gold an exceptionally well positioned investment opportunity.
Burnstone Mine is the first greenfield operation to come online in the Witwatersrand Basin in 30 years, commencing production at a time of record high gold prices and increasing demand. The Hollister Property presents one of the highest-grade deposits entering production today, with prolific potential to increase resources through further exploration of the surrounding area. Lead by a multidisciplinary team of respected industry veterans, Great Basin Gold is poised to transition into a significant commercial producer with excellent growth possibilities.
Great Basin Gold Limited is an international mining company engaged in exploration, development and operation of high-quality gold properties, all while building shareholder value and sustainable communities. The company is currently focused on its two emerging flagship mines in the world's richest gold-producing regions, the Hollister gold mine and associated operations located on the Carlin Trend in Nevada, USA and the Burnstone gold mine located in the Witwatersrand Basin goldfield of South Africa. Together, these operations comprise a total resource base of 23.4M Au oz and 7.3M Au oz reserves.
Great Basin Gold is evolving into a leading mid-tier gold producer through a well-defined strategy of:
Great Basin Gold also has prospective exploration projects in both Mozambique and Tanzania.
Canadian Imperial Bank of Commerce
400 Burrard Street
Vancouver, British Columbia
Canada V6C 3A6
Computershare Trust Company of Canada
4th Floor, 510 Burrard Street
Vancouver, British Columbia
Canada V6C 3B9
McMillan LLP
Royal Centre, 1055 West Georgia St
Suite 1500, PO Box 11117
Vancouver, BC V6E 4N7
Canada
PricewaterhouseCoopers Inc
2 Eglin Road,Sunninghill 2157
Private Bag x36
Sunninghill 2157
South Africa
Great Basin Gold Limited, incorporated in Canada - Reg no: 436691
Registered & Operational Offices:
138 West Street, Sandton 2146, South Africa
1108-1030 West Georgia Street
Vancouver BC, Canada, V6E 2Y3
The Board of Directors of the Company has adopted these Corporate Governance Guidelines to assist the Board in the exercise of its responsibilities:
Corporate Governance Policies and Procedures Manual
JSE Annual Compliance Certificate 2011
NYSE Amex Corporate Governance Certification Form 2010
Shareholder's Rights Plan Agreement
Great Basin Gold is continuing to increase its resource base through focused exploration programs. Over and above continued activities at the Hollister and Burnstone properties, greenfields exploration is also being undertaken in Tanzania and Mozambique.
The Witwatersrand Basin deposits, such as that found on the Burnstone Property, generally represent gold concentrations, called placer deposits (or "reefs", in local mining terminology), hosted within coarse-grained sediments (conglomerates) deposited in braided stream channels on broad river plains. Economic gold concentrations commonly extend for several km down the dip, and for up to 50 km (30 mi) along strike of the sedimentary rock units. Gold occurs as detrital grains in nugget-like shapes and secondary (re-crystallized) grains, ranging in size between 0.005 and 0.5 mm diameter.
The Witwatersrand Basin has been affected by several structural events. Many studies now differentiate between deformation that was taking place during deposition of the Witwatersrand sediments and subsequent deformation. Deformation that occurred during the deposition of the sediments played a key role in the distribution and thickness of the host rocks as well as the occurrence of the gold-bearing reefs. Later faulting and buckling of the sequence determined which parts of the basin remained buried, and the depths to mineable horizons.
The South Rand area is located in the north eastern part of the Witwatersrand Basin. In the South Rand, the Witwatersrand sequence is thinner than in other parts of the Basin. The West Rand Group, comprising about 1,500 m (4,920 ft) of alternating quartz arenite and shale units, unconformably overlies the Archaean granite-greenstone basement rocks. The overlying Central Rand Group strata are approximately 900 m (2,950 ft) thick and include the Kimberley Reef horizon, which is the main gold-bearing unit on the Burnstone Property. The Johannesburg Subgroup, including the Bird amygdaloidal lava and the Kimberley shale, is about 300 m (985 ft) thick. The Turffontein Subgroup is approximately 600 m (1,970 ft) thick and is made up of a sequence of quartz arenites and conglomerates that correlate with the Elsburg Formation.
An 18-km (11-mi) long northwest-southeast gold trend has been outlined on the Burnstone Property that appears to be associated with a large, ancient, braided channel system extending over the property. Drilling has also shown that two northwest-southeast trending sub-parallel faults, spaced four km apart, have uplifted the central portion of the gold corridor. As a result, a substantial portion of the gold-bearing horizon along the main deposit trend lies between 250 and 750 m (820-2,640 ft) in depth, which is relatively shallow for Witwatersrand gold deposits. The average thickness of the reef is 35 cm.
GeologyThe Hollister Property is located at the intersection of the Carlin Trend and the Northern Nevada Rift. The Carlin trend is a northwest trending, 50-mile long metallogenic corridor, which hosts significant opencast and underground operations that have produced in excess of 70 million ounces of gold. Carlin Trend-type mineralization is 38-43 Myrs (Eocene) in age. The Northern Nevada Rift is a north - northwest trending structural feature made up of bimodal volcanic rocks that host Miocene-aged (13-15 Myr) low sulphur-type epithermal gold deposits such as Midas, Mule Canyon, Buckskin National and Hollister. The Paleozoic stratigraphy and Eocene magmatic pulse that is critical to the development of Carlin-type deposits to the southwest are in evidence at Hollister, as are the Miocene mineralizing events. The Hollister stratigraphic section includes Ordovician sedimentary rocks intruded by mid-Eocene plutons and unconformably overlain by a veneer of Miocene volcanic and volcano-sedimentary rocks. Devonian sedimentary rocks have been intersected at a depth below the Ordovician sediments under the Roberts Mountain Thrust.
Epithermal gold mineralization at the Hollister Property occurred in the early Miocene (15.1 Myr) and is directly related to right - lateral wrench tectonics associated with the Northern Nevada Rift, where it over-prints the Carlin Trend. The Hollister Property hosts a low-sulfidation Au-Ag epithermal system characterized by banded quartz veins with electrum, native gold and silver selenides. To date over 40 mineralized veins have been modeled in the main Clementine-Gwenivere vein systems. The veins are narrow (1-3 feet wide), and commonly display colliform banding, brecciation and silicification features indicative of multiple pulses of fluid movement. The low-sulphur epithermal vein systems form as part of a geothermal system around the interface of hot volcanic derived hydrothermal fluids and cold meteoric water influx. Similar active systems such as Yellowstone National Park (Wyoming) and the Taupo Volcanic Zone (New Zealand) demonstrate many of the features observed at Hollister.
Although mineral resources and reserves are delineated on the epithermal vein system hosted in Ordovician metasedimentary host rocks, continued exploration of the orebody has delineated zones of disseminated gold mineralization in the overlying Tertiary volcanic, within which restricted structures host zones up to 100 oz per ton Au. These super high grade Blanket Zones are being accessed and developed as a separate ore source, and have to date have been tested metallurgically at a separate whole ore roasting facility.
Some of the primary geological elements of the sediment-hosted gold deposits of the Carlin Trend are present at the Hollister Property, including Eocene intrusive rocks and lower-plate carbonate rocks. The Hatter stock (a grandioritic intrusive) at the Hollister Property has been dated at 39 Ma and is similar to 39 Ma biotite-feldspar porphyry dikes occurring in the Goldstrike area 5 miles SE in the Carlin trend. The main pulse of gold mineralization on the Carlin Trend is dated at about 38 Ma and commonly thought to be associated with late-Eocene magmatism.
Great Basin Gold is an international mining company with advanced stage developed projects: Hollister on the Carlin Trend in Nevada and Burnstone in the Witwatersrand Basin.
Responsible delivery: we are passionate about delivering value - not just to our investors, but to the surrounding communities in which we operate.
Great Basin Gold is a speculative investment. Readers should perform their own due dilligence and recognize that the posts contained herein may contain inaccurate information and/or unjustified hype.
SA Quote:http://www.miningmx.com/financial_tools/chart_centre
Website: http://www.grtbasin.com/
SEC filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000865492&owner=include
SEDAR:http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004256
Properties: Burnstone - http://www.grtbasin.com/index.html?lf=1;pg=9;
Hollister - http://www.grtbasin.com/index.html?lf=1;pg=10;
Presentations:http://www.grtbasin.com/index.html?lf=1;pg=16;
Fact Sheet:http://www.grtbasin.com/gup/filez/GBG_Jan_2008.pdf
RECENT 2016 info about this FIASCO
http://www.klondexmines.com/investors/news/klondex-announces-agreement-to-acquire-the-hollister-mine-and-ccad100-million-subscription-receipt-offering
http://www.iol.co.za/business/news/southgold-business-rescue-completed-1714015
http://www.polity.org.za/article/business-rescue-of-southgold-gives-mine-a-new-lease-on-life-2014-08-07
https://www.sibanyegold.co.za/investors/events/presentations/2016/send/37-2016/366-update2016-04-burnstone-project
http://www.iol.co.za/business/news/southgold-business-rescue-completed-1714015
https://www.sibanyegold.co.za/investors/events/presentations/2016/send/37-2016/365-update2016-03-gold-projects
https://www.sec.gov/alj/aljorders/2016/ap-4010.pdf
https://www.sec.gov/alj/aljorders/2016/ap-4045.pdf
https://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/Petition-to-the-Court.pdf
https://www.sec.gov/Archives/edgar/data/1561694/000119312515102104/d891668dex429.htm
https://www.sec.gov/Archives/edgar/data/1561694/000119312515102104/d891668dex428.htm
https://www.sec.gov/Archives/edgar/data/1561694/000119312515102104/d891668dex430.htm
https://www.sec.gov/Archives/edgar/data/1561694/000119312515102104/d891668dex431.htm
https://www.sec.gov/alj/aljorders/2016/ap-4051.pdf
http://www.kpmg.com/ca/en/services/advisory/transactionrestructuring/creditorlinksites/great-basin-gold/pages/default.aspx
http://cfcanada.fticonsulting.com/GBGL/default.htm
http://www.lawsonlundell.com/media/news/373_CAIRP%20Commercial%20Technical%20Update%20-%202013.pdf
http://www.witsgold.com/investors-and-media/company-announcements/2014/results-of-scheme-meeting-and-finalisation-announcement-03-13-2014
http://www.sibanyegold.co.za/index.php/2012-12-30-10-07-54/sibanye-gold-technical-and-operating-update-4-5-june-2014/doc_download/152-the-burnstone-project-richard-stewart-senior-vice-president-business-development
https://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/First-Affidavit-of-Steven-Duenkler.pdf
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