Replies to post #4200 on Muaythai's Miners

[Stinky_pinky]

True, true. I did my DD on GBG. GBG looked quite promising a year ago. Trading in the $2 range, two mining concessions in the best of neighborhoods; NV Carlin Trend and Witwatersrand SA. Only new mine in Witwatersrand district since the 1970s...in operation since 2010. So they had a revenue stream, and huge reserve estimates in gold. Then the CEO resigns under duress, company goes into bankruptcy, trading halted, NYSE delisted in the blink of an eye. 20K shares at a $1.34 basis is about a $25K hit to my IRA. This is why I haven't been enthusiastically posting on Muaythai's Miners. Screw paper investments xjag! Considering liquidating other stock investments, cashing out my IRA early (take the penalty, pay income taxes, and going on a stacking binge. Thoughts? S~P

[Stinky_pinky]

The only reason why I'm mentioning now is because GBGLF has begun trading again as of Feb 14th (trading was suspended in sept.), the value in in the brand new mine, which when sold could see this penny stock return to previous levels( $1.00?)...Or they could dilute to infinity, while the bankruptcy lawyers and JPM dither and run up their billable hours. I see know reason patrons of this board can't profit from my misfortune. Don't get me wrong this is a speculation, right now hedge funds and bottom feeders are buying up millions of shares. (frown) S~P