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Re: None

Tuesday, 09/17/2013 12:06:56 AM

Tuesday, September 17, 2013 12:06:56 AM

Post# of 14330
KPMG was the Monitor of GBGLF until this month.

They are going to cash about $1.5M for the service of 39 weeks. This are the tasks that they have done:

http://www.kpmg.com/ca/en/services/advisory/transactionrestructuring/creditorlinksites/great-basin-gold/pages/default.aspx

Now FTI Consulting is the receiver of Great Basin Gold Ltd. Which in responsible for 100% of the company decisions.

I would be very disappointed if they don't represent the best interest for us, the shareholders, who are the real owners of the company.

We have to be prepared to take legal actions if is the case against Ron Thiessen or anybody else who had intervened in the senior management of Great Basin Gold Ltd.

In the cashflow of July 2013 GBGLF has $1.75M in cash left.

If you divide $1.75M / 552M Shares = $0.003 per share. The problem is that we have to pay to KPMG 1.5M and that would left U$S 250.000 in cash by the end of this month.

The Tanzanian assets (mining rights) are valued by KPMG $140.000-. and the maintenance of the project is costing $80.000 per month. At that price is not an asset is a waist of money.

The best we have as shareholders is the state of the art facility, Burnstone Mine, we all know that is going to be very profitable next year when the price of gold reach the $2.000-.

So we have to be very careful and protect the Burnstone Mine at all cost. It must stay as Great Basin Gold Ltd. property.

Best,

ROXETER.


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