Great Basin Gold Ltd. (fka GBGLF)

[Coho20]

I can think of a couple of reasons and I'm sure there are lot more out there. It is an important piece of information that the creditors are requesting the extension this time. The last time it was the debtor's that extended the date. There must be some substance to this BRP perhaps as discussed with a JV and creditor royalties, that plan would make the creditor's have to go humm for a while to determine if they are better off accepting that deal or rejecting it and getting something even less (which lose-lose deal is less of a loss). Another possibility is the majority voters are going to apprach the debtors with an alternate plan, depending on what the BRP presented to them so far is they may want to adjust the plan a bit, if the bid on Burnstone was excellent there would be no need for the creditors to delay the BRP so that much is clear. If the bid is bad they may request a delay to get their house in order and lawyer up so the majors get what is left of the company. I'm hoping my first thought is right and there is a reasonable bid accepted but it will involve the creditors to be paid possible only in the case of royalties over a number of years like the Hollisters deal. I guess we will know soon.
Hey N my Hawks are looking better everyday, if the Hawks win tonight and I get two points or more than my second place Bruins dude I will win one hockey pool. If the Hawks win tonight and Hossa does not get a point I will win a second pool so I guess you know who I am routing for eh? It should be an excellent game either way.