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Great Basin Gold Ltd. Message Board

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  • edmundaronson edmundaronson Aug 8, 2010 7:54 AM Flag

    Franz Wild continues to report...

    thanks-have been tracking metanor since miners drowning-your details take it from accident to tragedy-i was wondering whar caused the most recent drop now i know dilution- but the kind that doesn't bother me -not like marrone at auy-any thoughts on gbg's quarterly and Hollister -if Burnstone gets hooked up i.m in if it doesn't i'll probably buy the bad news if delayed,getting old iv'e read you on other boards can't remember which-i'm strong in cde bought core at crash lows .57- and added to core recent lows 14;s-also trade gss,hl, watching axu,ngd,azk,auy-gbg doesn't get much press or have a board-like to read your interpretation of both mines and what you think will be occur-yhanksing in the next quarters

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    • For the investor interested in Metanor Mining.

      Just take a look at this: Financing after financing
      ==================================================
      http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=MTO.V×tamp=20100730175300

      Key Developments:
      Metanor Resources Inc. (MTO.V)Stocks | Basic Materials | Precious Metals / MineralsOverviewNewsKey DevelopmentsPeopleChartsFinancialsOptionsAnalystsResearchMTO.V on TSX Venture Exchange

      0.48CAD
      11:13am EDT Price Change (% chg)

      $-0.02 (-4.00%) Prev Close
      $0.50
      Open
      $0.50 Day's High
      $0.50
      Day's Low
      $0.48 Volume
      117,250
      Avg. Vol
      299,612 52-wk High
      $0.89
      52-wk Low
      $0.40
      Research a stock: Latest Key DevelopmentsMetanor Resources Inc. Announces Second Closing Of Private Placement
      Tuesday, 30 Mar 2010 11:02am EDT
      Metanor Resources Inc. announced the second closing of a non brokered private placement to European and Canadian investors for gross proceeds of $60,000. The private placement consisted of 120,000 units at a price of $0.50 per unit. Each Unit is comprised of one common share and one half of a common share purchase warrant. Each whole common share purchase warrant will entitle its holder to subscribe for one Common Share of Metanor at a price of $0.65 per share for a period of 24 months following the closing of the offering, ending on March 29, 2012. Metanor will use the proceeds of the private placement for exploration work of the Bachelor Lake Mine, and for general corporate purposes. - - - - - (repeated)
      Metanor Resources Inc. Announces Closing of Private Placement
      Friday, 5 Mar 2010 01:51pm EST
      Metanor Resources Inc. announced the closing of a non-brokered private placement to European and Canadian investors for gross proceeds of $2,850,000. The private placement consisted of 5,700,000 units (the Units) at a price of $0.50 per unit. Each Unit is comprised of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle its holder to subscribe for one Common Share of Metanor at a price of $0.65 per share for a period of 24 months following the closing of the offering, ending on March 5, 2012. Metanor will use the proceeds of the private placement for exploration work of the Bachelor Lake Mine, and for general corporate purposes. All securities issued are subject to a holding period of four months and one day from the date of closing. - - - - - (repeated)
      Metanor Resources Inc. Announces Closing of Private Placement
      Friday, 8 Jan 2010 01:09pm EST
      Metanor Resources Inc. announced the closing of a non brokered private placement for gross proceeds of $2,000,000. The private placement consisted of 4,000,000 units (the Units) at a price of $0.50 per unit. Each Unit is comprised of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle its holder to subscribe for one Common Share of Metanor at a price of $0.65 per share for a period of 24 months following the closing of the offering, ending on January 8, 2012. Metanor will use the net proceeds of the private placement to increase and upgrade its mineral resources on its Barry property, to advance development activities at Bachelor properties and Bachelor Lake Mine, and also for general corporate purposes. All securities issued are subject to a holding period of four months and one day from the date of closing. - - - - - (repeated)
      Metanor Resources Inc. Completes $7.0 Million Private Placement
      Friday, 11 Dec 2009 11:35am EST

      • 1 Reply to jjoecn
      • its garbage. pie in the sky at best. poster comes on here bashing gbg and its few stumbles yet they have one property just starting regular production and another getting ready to ramp. then, amazingly enough, pumps some worthless money raising pit that has had tradgedies amongst other things go wrong and he likes the stock and their mgmt. i like a difference of opinion but cmon already. its like saying cindy crawford {gbg} isnt pretty but that rosie odonnel{meouhghd.pk etc.} is a fox!

    • I got in and averaged down a couple times in the CDE-PC in late 2009. It was a pretty nice obscure situation in the "CUMMULATIVE" preferred with the suspended/delinquent distributions. They subsequently paid down a big finacing of ~$32MM and started to report some very positive earnings. The preferred shares suddenly were "realized" by the market. All the delinquent distributions were eventually paid out, that is the delinquent distributions paid to the current stock owner. I sold into that news. I had a smaller position in the common but lost interest when silver started to become clearly a range bound commodity. So you might have read me on the CDE board bashing the "Patrotsky"guy and all his fiat currency platform of nonsense estimating the US $ as being worthless and silver heading for $100. I moved over to trading DBS and AGQ. I have had big gains in AGQ with more than $6000 in profits while trading the $16.35 to $19.90 trading range in silver with less than $12K invested in the 2 silver Etns. I am currently out of DBS having exchanged it for more AGQ on a price swing into silver's lower range.

      Besides GBG there is the Australian miner Intrepid/IAUFF with their .5-1.0 g/T ores in their Indonesian enterprise. A good strong chart for that one. Also Dynasty/DMMIF in Ecuador. Their three projects range between 4.0 and 1.2 G/T ores with huge proven reserves and looking like a value stock after the Gov't of Ecuador recently re-affirmed their property rights to these mineral claims they had previously paid for, and then paid the licensing fees etc as well. That is the story this time. A new Ecuadorean Gov't may have a different view. These are also two great mining companies with properties/endeavors that are fraught with the same political risks GBG has. DMMIF is definitely under valued based on their Ecuadorean assets if they are truly theirs. But you can see the valuation as near $6/sh reflected in the stock price before expropriation became an issue. Now the Ecuadoreans say oh we are going to give you a little more rope and "re-confirm" your property and mineral rights. This then gets more development and infrastructure investment so that what they expropriate 2-3 years from now will be worth 10 times what they would get stealing these mining properties now. I like DMMIF here at this current price but it would be something to trade out of sooner than later. So DMMMIF from peaking near $6 to getting the snot knocked out of it at near $3.40 now. I think those are the kind of valuation metrics I would appply to GBG. I would buy GBG but not at these prices.

      • 1 Reply to timodoz
      • Correction to previous post. It was the HL-PC not the Couer de lene. I owned Couer delene preferred about 15 years ago and had a nice gain in it. That issuance has long since been called/redeemed. So many symbols dancing in the head. Also took a bath in Pan American silver when the Gangsterocracy moved in on their 3 million investment in a defunct silver mine in Russia.

 
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