Great Basin Gold Ltd. (fka GBGLF)

[amarksp]

Some more information...

1) Here is more info on SouthGold/Burnstone:
http://www.miningweekly.co.za/mw/search/?Query=southgold&x=12&y=14
(if this link does not work, go to www.miningweekly.co.za and enter search for southgold

Note that SouthGold Exploration was a private company and has 6 shareholders.

2) Early history of SouthGold Exploration (see pages 4 and 5), a VERY good article:
http://www.mips1.net/mgdld.nsf/2090f74ba5297296422567b5004b8fb2/85256bcd005228b642256be9004f5de0/$FI...

As you can see, Rob Still of Pangea appears to be the managing director/primary shareholder for SouthGold.

3) Rob Still seems to be a very savvy guy, and appears to have sold Southern Mining Corridor Sands project at a nice profit:
http://free.financialmail.co.za/coulsononair/coulsouthm.htm
http://www.mips1.net/MGCoal.nsf/0/4225685F0043CE9F85256C8A007F100C?OpenDocument

Note Rob Still comments from first link reference:
RS: I think that’s right. Our shareholders deserve the return and if they want to back any people who were involved in this project in something in future, that’s a separate decision.

Based upon above, Rob Still ownership in GBG via SouthGold shares is encouraging, he appears to have plenty of cash, and hopefully he will have considerable influence over GBG management, given his views on rewarding shareholders. If or when he starts to sell large GBG share blocks, then it may be wise to get out of GBG.

4) I am not sure but the 4 million GBG warrants issued to HL may also be a deterrent to a takeover...