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Well Finbar you were right glad I bailed earlier on. Sad to see this mid producer go down but if you look around there is a boatload of them now........which one will survive is the question
I think the fact that hollister is in the U.S. of A might be detrimental to the survival of shareholders. Saw Bernanke spewing his bullshit and it dont look good
dano"God you are annoying" but very informative....
We might be suprised by the share price in may......North of .30
I think after the dust settles we will be pleased with the results
RB I believe the printing pres is Obama with one trillion...more to come
dont see this going below .01
Yes i'm in bc and i bought gbglf
Finbar I'm in canada and trading shares through td waterhouse all my gbg shares became gbglf and are now in us funds
Any news on what they are doing with the property in Mozambique?
Nothing new on sedar latest was dated jan15th.At this point its a gamble but at least its trading
Chillin it could be a submarine ready to resurface in a few months from now....
Chris this has to bounce they produce gold and are worth .015????
Doesnt make sense needless to say the guys in charge have righted a few ships and the share price reflected this.BOL
Money to be made here.....
Dar she blows........
Separate The Sheep From The Goats_Great Basin Gold (GBG) To Rebound With 100% Gains When It Opens On The OTC Predicts Sierra World Equity Review.
All those who bashed the stock will have lost and the longs will prevail! I for one will be overjoyed to see the loyal long shareholders of GBG get rewarded for this trying ordeal. Remember when it happens I called it!
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32061200&l=0&r=0&s=GBG&t=LIST#4xBYkh8TIdDxAHBW.99
I'm sure there will be some value when this is all resolved. Judge Fitz would not let this prolong if it wasnt a viable solution for all. Question is how much will it be worth....
GBG will hit a buck plus in 2013.Too much gold in them thar mines......
depends the price it opens at.....
Well scooped 250k between .10-.08
sell ASAP and get this party startin....
Nice find Chris lets hope he does the same for GBG
RB maybe we will get a bigger offer.....
On another note....
Gold discovery rates are decreasing even as exploration spending in the industry reached a record $8B in 2011, says Jamie Sokalsky, CEO of Barrick Gold Corp. (ABX), reports Bloomberg.
I read it was valued as high as 1.76 billion and as low as 190 million.....
All this has to be approved by the courts and if they owe 35 million plus the court fees and any other outstanding expenses..and the mine does sell for 700 million I dont think any judge in their right mind would allow this type of extortion or any other for that matter.
Stephe8, I think the Texas Rambler is just ramblin....
BigBux lets hope we see 700 million and then we trade above .50....
Just got an e-mail and he still has a job so a good sign
Yeah RB the U.S WOULD DRIVE IT INTO BANKRUPTCY fook the shareholder so in ccaa re-organization everyone gets a piece of the pie albeit the creditors will have to wait for their investments to fructify
So you think burnstone for 400 million is legit?
In reorganizations, the interests of the shareholder must be considered by
the courts. While the extent to which these interests must be considered is largely up to
the court, the latter must ensure the benefits resulting from the projected continuation of
the insolvent company’s operations is distributed fairly between the shareholders and
creditors. Only then can a restructuring plan be called fair and equitable and be
sanctioned by the court.
Ad Hoc fooks playing games If we dont get a penny I hope to hell they get SHAT and never be healthy again...
jurisprudence
now holds that shareholder interests must be taken into account in a restructuring plan
when it can be shown that these interests have a value. The issue seems to be more on
how to determine the value of these interests. Whereas some favour a purely accounting
analysis of shareholders equity, others maintain that the value of the shareholder’s
interests is directly related to the nature of the proposed restructuring plan. As such, the
more the plan focuses on maintaining the insolvent company as a going concern, the
more the shareholder’s interests should be considered. This last approach is the best
course of action. Provided that the value of the company is significant, notwithstanding
its insolvency, which may be due to cyclical events and poor management, it would be
unfair and inequitable to determine and treat the shareholder’s interests solely on the
basis of a bankruptcy scenario, which in all likelihood will not materialize. It would be
unfair and inequitable to overlook the business continuity projected by the restructuring plan.
Credit suisse deal was what they needed cash NOW this adhoc noobs are stalling due process GBG will have value by end of year and be trading again in the .40-.50 range
Trouble with second financing is the time it will take to secure the money and the fact that it has to file in the U.S Ch 15.This will take time and more money.Take the first and lets get this rolling TIME IS MONEY