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Penny Roger$

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Penny Roger$

Re: Carna4z post# 9777

Tuesday, 09/18/2012 12:32:40 PM

Tuesday, September 18, 2012 12:32:40 PM

Post# of 16035
Great Basin Gold Ltd Considers Sale; CEO Resigns-Reuters
Wednesday, 15 Aug 2012 02:45pm EDT
Reuters reported that Great Basin Gold Ltd said its CEO had quit and the Company might be sold, after problems at its mines led to a cash crunch. Chief Executive Ferdi Dippenaar resigned as part of a process to consider strategic options such as a sale of the company or a portion of it, Great Basin said in a statement. Great Basin's interim CEO Lou Van Vuuren said a few parties had already shown interest for its Hollister mining project in Nevada. He said the company would need an offer of at least CAD0.50 per share to get shareholders to vote for it. Such an offer implies a premium of more than 125% to the stock's current price. Full Article

http://www.reuters.com/finance/stocks/GBG/key-developments

Never, ever invest with money you need to survive on. Never ever put all your money on one bet. Diversify or die and have patience, while setting tight stop losses. $20 or less in commission fees is almost always cheaper than a 5-40%+ drop in share value.

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