Great Basin Gold Ltd. (fka GBGLF)

[litole]

Cash is no doubt king but there are other compelling facts to keep in mind:

* Money owed to financial institutions is put in infrastructure, plant and machinery. It has not vanished in thin air
* New company will enjoy the benefit of this investment and shall be more than willing to pay for it. There is nothing free in life
* A large part of shareholders' funds are invested in these assets and is collateral/margin to financial institutions (creditors) stake

* Gold is still there and for that matter plenty of that, resource, reserves and inferred

I expect at least $0.75 per share back to shareholders.
All those talking of 0.03 cents ( not $0.03) can sell me all their holdings. A company maintaining their head office in Sandton has a market value under $3 million.

Bloggers have time (hours for that matter)- convert those hours at minimum wage of $10 per hour, total time will translate into more than $3 million

Enjoy investing.