Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

Great Basin Gold Ltd. (Great Basin) is a mining company. The Company is engaged in the acquisition, exploration and development of precious metal deposits. The Company has two projects, the Hollister gold project, which was located on the Carlin Trend goldfield in Nevada, United States (the Hollister Property) and the Burnstone gold mine, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property). The Burnstone Property is located approximately 80 kilometers southeast of Johannesburg, near the town of Balfour in the Mpumalanga Province of South Africa. In addition to its two primary projects, it holds interests in early stage mineral prospects known as the Tsetsera Property in Mozambique and properties in Tanzania. The Hollister Property consists of a total of 950 unpatented, federal mining claims, covering over 69 square kilometers. During the year ended December 31, 2011, the Company disposed of its interest in Kurils Resources.

http://markets.ft.com/data/equities/tearsheet/profile?s=GBGLF:PKN

http://quotes.wsj.com/GBGLF

https://www.sec.gov/alj/aljdec/2016/id1050jsp.pdf

Who bothers to trade only 500 shares of a sub-penny stock? Something does not smell right at all regarding these horrific shares ...

http://www.bdlive.co.za/companies/2016/09/08/company-comment-sibanye-mara-delta

Sibanye has gobbled up Wits Gold, with a number of Free State exploration projects near its Beatrix mine, and giving it future growth in that area. It swallowed Great Basin Gold’s troubled Burnstone mine and is forging ahead with a traditional, carefully considered mining plan to bring the failed mine to account. All this growth comes with promises of strong dividend payments to shareholders.

What about the GBGLF shareholders?