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Re: goldenpolarbear post# 8105

Saturday, 07/06/2013 7:05:30 PM

Saturday, July 06, 2013 7:05:30 PM

Post# of 14330
Wits gold says it will need around 50 to 100 million dollars to start producing and gradually increase production.
Is this the amount that could not be sourced by stalwarts of GBG including Philip to keep GBG going in early 2012?

Is this the amount Credit Suisse could not fund to secure its huge lending?

Now Wits is playing game, by offering 45% of the debt? Could the board not think and call a meeting of the creditors in early 2012 and given the scenario and options analysis and convinced them to finance and get their loans back fully and in shorter span of time?

I hope Directos and Management has not bought shares in Wits Gold in preparation for leaving small investors to bear the loss while they sold their shares well in time and moved on to Wits?

Class Action shall start against GBG and its directors and officers.

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