Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

They may put all of the FORMER GBG African Gold assets in control of the Sibanye shareholders when they were purchased for peanuts and remember Waterton is a PRIVATE company so they can do as they wish.

The ONLY long shot hope is that during the South African Business Rescue that Sibanye gold was told by the SA High Court that they must trade the SouthGold/Burnstone mine etc using GBGLF shares. This is a highly unlikely scenario and would be very difficult to enforce, in my opinion.

Waterton may need to pay an arranged 15% NPR or Royalty to GBG creditors but the GBGLF shareholders would NOT see a penny IMO. There is too much GBG debt on the books!

The POG needs to rise for any type of positive outcome reramping up mines is almost cost prohibitive.

This situation is an EXTREME long shot do NOT put anything into these shares you cannot afford to lose but the possible RI$k / RETURN is so high; I am going to hold my shares.

Please note all of my opinions are my own and I have absolutely NO inside information.

Zeros or Hero$,
GPB

PS It will be a miracle if these shares explode IMHO but it could happen.