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Where is the volume? Who bothers to sell at .002/3? It's interesting that you assume there must be more to the story because its not at zero. What is there left not to know? You don't buy my explanation of fools and pumpers being the only thing at play here, but in time you will concede I was absolutely right and that it was obvious.
>>There is key information that hasn't been released (whether good or bad) that will make or break this stock.
Actually, there isn't. All the key info has been made public.
>>Sounds like short term hope will have to come from the Hollister mine! Lets pray we get some deal out of that mine.
Ummm, I don't know how to break this to you.....but the deal was done a few months ago. It's signed, sealed and delivered....and it's all on the public record.
>>Hollister Mine is an extremely highly unlikely scenario and probably our only real hope.
Too bad GBGLF owns ZERO % of it. I would say that fact alone gives you approximately zero % chance.
Should I go back and find your expert opinion from two weeks ago on how long it would take, at a minimum, to get an EC Wall Street? ;).
Does this mean GBGLF might begin paying dividends by the end of this year? Bahahahaha.
>>Why would you sell a mine for $10.00
Because when you are that far up Shiit's creek, you take what you get.
>>Do you think Waterton / Barrick for a second would allow them to display this information about our Hollister Gold & Silver Mine; if it was not at least partly true?
Barrick has nothing to do with any of this, and Waterton doesn't give two hoots about what the website of a broken defunct former miner says.
Probably has some to do with GBG having zero gold properties now....so?
>>I concur regarding "A 645K purchase, and the stock price does not move. That is not right."
When $1,935 can't move the market cap, the game is clearly rigged - my goodness I do love the entertainment here.
>>Another new high but I guess it's just "fools." :)
Another new high? Really? You are making my point better than I can.
>>>The chart speaks over you.
bahahahahaha. At current bid of .0025 - the price action is telling you the same thing I am - GBG in receivership....all assets sold...only thing that remains in a few hundred million in unpaid claims.
Again, the sub was in BRP....the parent...the one you directly own shares in is in receivership now.
Approval of the Rescue Plan for the sub SouthGold.....the one that conveys the 20 mm ounce deposit for 10 bucks....what part of that other than the word 'rescue' makes you think you in high cotton now?
>>DO YOU NOT SEE THE LOGO ON THE DOCUMENT????? CLEARLY, AT THE TOP RIGHT IT SAYS GREAT BASIN GOLD LIMITED.
Do you not see the words that occupy the rest of the document?
>>Please do post the notice but consider it an antiquated document at this point!
Lol, what makes it antiquated, do tell.
Great Basin Gold was never in Business Rescue...only the SouthGold sub. GBG was in CCAA...until they ran out of fumes.
Should I post for you the receivership order?
A MM conspiracy is the only thing standing between GBGLF and .33 a share.......well the conspiracy and the fact that it's in receivership having gotten almost nothing for its assets.
More like a little tiny poot.
>>Will the GBG shareholders be finally rewarded for helping to bolster the efforts of Ronald Thiessen, Robert Dickinson and Hunter Dickison?
YES! YES! YES! Buy moar while there is still time. lol
Very very uphill battle at this point, but stranger things have happened.
At this point you have to hope that Johnson Controls would be willing to top Berg's offer of 50 million that is contained within the plan. Hell, they went all the way up to $250 for A123. I would have thought they would have done it by now, but perhaps they've been stiffarmed, or perhaps they just aren't interested.
Not purty
You should call him....or shoot him an email. Let us all know what he says. :)
The mining licenses are issued by South Africa. If SouthGold is dissolved without consummating this deal, the licenses revert back to the government - that was stated in one of the early monitor reports. You get 10 bucks and some liabilities assumed or you get nothing - welcome to the real world. :)
>>That could be a game changer. This deal could fall through.
Game changer? Deal with Wits falls through at this point, the licenses for Burnstone would revert back to South Africa. The point you guys always refused to believe, even when Wits won the bidding with 10 bucks, is that the mine is geologically fooked.
>>Why has the Great Basin Gold Logo not been removed from page 21 of this presentation?
It's stuff like this that makes me halfway think you are sincere about your prospects here....sincere but manically delusional.
>>Hmmm? Why would they not simply remove or block this GBG Hollister Mine information?
Uh, cause there is nobody left at the hollow cored out shell to remove or block it.
>>Also, when this is all going on in the BK court. Who is running the day to day operations of the company.
It's Chapter 11, aka Debtor in Possession - that means mgmt stays in possession of the company and continues to run it, under the oversight of the court and committees.
Way to dig deep back into 2011. The only problem is that whether Hollister was a great, good or horrible mine - it's all moot now as GBG has sold it lock stock and barrel. What part of that escapes you? Ah yes, the triple secret deal for Waterton to give it back for nothing after the rest of the remaining debt magically disappears. That's the only way any of this makes any sense right? And Wits is going to do the same thing, cause how else can you explain Burnstone going for $10 bucks. The problem is, there are no secret deals whereby bona fide purchasers give back value at some unspecified point in the future. This isn't some M. Night Shyamalan where there is a twist at the end that noone saw coming. GBG is in receivership because it was too broke to wind up in CCAA - that's bad...and no amount of sleuthing around on Linkedin for people who haven't updated their profiles because nobody uses linkedin is going to change that. Don't shoot the messenger.
So let me get your theory straight....Waterton buys 100% of Hollister at auction....but then some number of months later gifts a portion back to GBG....who is in receivership with no cash, lots of debt and no employees....and then GBG goes out with no cash and lots of debt and this gifted JV interest and rehires the same team that ran it into the ground the first time...or a different team (by the way, how much is Waterton going to gift back to GBG?)
I can't quite figure out if you really believe all this or are just trying to find bigger suckers for your shares. It's fascinating.
>>does Veris already know that GBG is merging or JVing with WATERTON?
Lol, I'm pretty sure Veris has no idea about this. For that matter, I don't believe Waterton knows it....nor the GBG receiver. It's a secret of the Ihub message board....shhhhhh
>>So now you've become SAURON, you can see thru the clouded financials from 2012, WOW, great superpowers you've got there...
One doesn't need an all seeing eye to look through the legal papers documenting the sale of all the assets to see that it's all gone, all but a big chunk of unpaid debt. There is no more gold in GBG to correlate with the POG. You tell me what is left in GBG. Some big super secret that mgmt is saving to reward the loyal shareholders? lmao.
>>When the POG goes past 1400 hopefully on Monday, many will flock back to PMs, GBG will get a little love.
Why? What relevance to the POG does GBG have now? The only gold left is in the name.
>>Does anyone know whether or not GBG still own the mineral rights to the Burnstone Mine, even though they sold the mine to Wits Gold?
Wits bought the mine but not the mineral rights. Doesn't that make oodles of sense.
That lawsuit against Stanhill et al is still out there. I think the Ch 7 trustee has a decent case.
>>if that were the case, knowing the truth about the exact GBG details is a lot better than not knowing exactly what is going on.
While it's not exactly a spoon feeding, you could go to the bankrutpcy docket for the Hollister case, review the documents publicly provided by the BRP in South Africa, look at the documents in the CCAA case in Canada, as well as contact the Reciever and know all there is to know. If you don't know exactly what is going on, it's not really the webmasters fault.
>>PS Updating www.greatbasingold.com would be a start!
Careful what you wish for - the only update that can be done to the GBG website is to reiterate that everything has been sold.
>>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.
I would clarify this statement with the small minor detail that all those properties have been sold with nothing left....just a small caveat. Lol