Replies to post #5992 on Great Basin Gold Ltd. (fka GBGLF)

[HRc60]

I am still holding my shares.

The US subsidiary (Rodeo Creek and all.)are liquidated.

Hollister existing facility is refund in full

All other claim including the DIP (35M$) and Interco claims (131M$) will be refund from the 90M$ nets profit royalty (A deal will be closed between Credit Suisse and GBG)

Franco-Nevada will continue to hold is royalty from their land and mineral assets rigths on the Ivanoe properties (Hollisters)

Burnestone residual debt 250M$ excluding interco:

Debentureholders keep their claim of 126M$

Credit Suisse claim on 125M$ loan is at the same secured level than interco loan

DIP loan is closed by Hollisters assets sale

That means a new loan +200M$ or an equity infusion +200M$ will rescue Burnstone (Southgold)

the liquidation of Hollister to Waterton is the first step to a JV for Burnstone with Waterton and bondholders