Replies to post #7590 on Great Basin Gold Ltd. (fka GBGLF)

[Tamaman]

just so as to not be a member of the pesemists club, it may be because it is difficult to determine which win win offer is the bigger win

[trandernine]

We all know that one company big or small is not going to throw all the cash they have to buy burnstone needing some signficant capital. It must be JV terms by which creditors must have been rumbling about to accept/adjust or reject. I do not know what that means to shareholders. Probably shareholders will do better in long term if burnstone turns cash positive and in expected duration. We are probably looking at dead money for a course of time now

[litole]

Cash is no doubt king but there are other compelling facts to keep in mind:

* Money owed to financial institutions is put in infrastructure, plant and machinery. It has not vanished in thin air
* New company will enjoy the benefit of this investment and shall be more than willing to pay for it. There is nothing free in life
* A large part of shareholders' funds are invested in these assets and is collateral/margin to financial institutions (creditors) stake

* Gold is still there and for that matter plenty of that, resource, reserves and inferred

I expect at least $0.75 per share back to shareholders.
All those talking of 0.03 cents ( not $0.03) can sell me all their holdings. A company maintaining their head office in Sandton has a market value under $3 million.

Bloggers have time (hours for that matter)- convert those hours at minimum wage of $10 per hour, total time will translate into more than $3 million

Enjoy investing.