Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

• In April 2014, Sibanye exercised its option to acquire the Burnstone operation through a Business Rescue process

• At the time the operation was on care and maintenance with operations having ceased post the expenditure of some $500m in capital including:

– a vertical and decline shaft
– mechanised machinery
– a 125,000ktpm metallurgical plant
– tailings facility
– surface infrastructure
– fully permitted operation

https://thevault.exchange/?get_group_doc=245/1471265156-update2016-04-burnstone-project.pdf

What company are they rescuing ?

About a billion dollars in varied international financial investments vanishes; the golden Burnstone asset is transferred for pennies on the dollar and there are NO lawsuits....

Sibanye has openly stated this year that GBGLF shareholders have no recourse... I don't get it; there is absolutely no logic in this financial catastrophe... IMHO

What happened to our legal right to demand some form of at least compensation for the GBGLF shareholder massive losses..?

Over a year ago "...Top 10 Owners of Great Basin Gold Ltd
Stockholder Stake Sharesowned Total value ($) Shares bought / sold Total change

BlackRock Investment Management (... 2.44% 13,495,500 26,991 0 0.00%

Franklin Advisers, Inc. 2.39% 13,185,700 26,371 +13,185,700 --

Mackenzie Financial Corp. 1.89% 10,432,623 20,865 0 0.00% ..."