Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

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