Great Basin's interim CEO Lou Van Vuuren said a few parties had already shown interest for its Hollister mining project in Nevada. The company's other mine, Burnstone, is in South Africa.
"If you look at where the share price is trading, it's not even the value of what we can get for selling Hollister on its own," Van Vuuren told Reuters.
He said the company would need an offer of at least 50 Canadian cents per share to get shareholders to vote for it.
Note: 0.50 is only for Hollister to get shareholders' vote -- so a buy out would have to be more than 50 cents. I guess it would be more than $1/share to buy all Hollister and Burnstone. Lets hope for the best, we have been suffering for too long.....:)