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Great Basin Gold Ltd. Message Board

  • no_need_no_stinkin_badges no_need_no_stinkin_badges Mar 4, 2013 4:10 PM Flag

    Probable loss of Hollister to shareholders

    Why? Hollister subsidiary was put in BK. In US BK courts, common shareholders seldom recover anything. More likely some 3rd party buys BK sub out of BK and all the money goes to Hollister creditors. In that event, the Hollister property becomes total loss to GBGLF shareholders leaving them with only the closed down problem Burnstone mine.
    Chance of any recovery for GBGLF shareholders was has been significantly reduced as also is chance of buyout by any other miner- except those who might want the problems of Burnstone.
    Delays by GBGLF management and directors once again has FAILED shareholders.

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