Replies to post #2502 on Great Basin Gold Ltd. (fka GBGLF)

[eighty]

And I believe that is what will happen. Coz they risked their money in something that they (GBG) could not provide the return. And as they're in the upper hand, GBG has nothing but to surrender to their terms. Its just like someone making 10 fold return on their investment in the stock market, which is not normal but also not rare.

[siouxlookout]

All this has to be approved by the courts and if they owe 35 million plus the court fees and any other outstanding expenses..and the mine does sell for 700 million I dont think any judge in their right mind would allow this type of extortion or any other for that matter.

[RBKissMyAs]

That's the point I'm trying to make.

[ChrisBen]

Yeah its a bad deal and wont be upheld in court, but as of right now thats what GBG is obligated to pay. They just dont have time or resources to fight it now. THey have to have Burnstone sold by Dec 15th or Holister goes on the market and they dont wanna lose Holister.

Could you imagine how bad the first DIP offer must have been that they turned down?