Replies to post #7448 on Great Basin Gold Ltd. (fka GBGLF)

[Coho20]

If this was going to .75 a share we would have huge volume right now and be at a few cents a share...not going to happen...wish it would but .75 PPS is not in my universe I'm hoping we see .03 - .05 when this is all done.

[litole]

Why did GBG got into its present position? Paucity of CASH. Gold worth Billions is still there, cost of production as per original plan was estimated to be $650 per ounce. South African Rand (ZAR) was trading below ZAR 8 to 1 US dollar.

Now ZAR is over 10 for 1 US dollar.

GBG needs cash to complete the sloping and produce. President Zuma is talking tough on labor unrest, with metal prices going down, South Africa cannot afford to have investors walking away, mines closing and unemployment raising its ugly head.