Great Basin Gold

Also, mal schauen, vielleicht bleibt doch noch was von dem investierten Geld übrig... Written by Dee Holzel Sunday, September 23 2012 07:50 WINNEMUCCA - In response to recent reports their South African counterpart was filing for the US equivalency of bankruptcy protection, Great Basin Gold representatives moved to ensure employees and the community the northern Nevada operations would continue mining gold. Great Basin Gold subsidiaries in Nevada include Rodeo Creek Gold (the Hollister Mine), north of Winnemucca, Antler Peak Gold, near Hawthorne, and Pinnacle Lab in Pershing County. The problems at the South African subsidiary, Southgold Exploration Ltd., which included the news its mine was put on care and maintenance status with 95 percent of its workforce laid off, caused some nervousness at the northern Nevada operations. Joe Driscoll,vice president of Nevada Operations, spent three days meeting with Great Basin Gold employees ensuring them Nevada operations were moving forward, Great Basin Gold sought a bridge loan to continue developing next year's ore and to ensure vendors are paid. In the meantime, other mining companies are giving the company a look-over for a possible purchase. How is it possible a gold mining company would need bankruptcy protection with gold above $1,700/oz.? Driscoll explained the South African operation was still in the development phase. Funds from the northern Nevada operations, specifically the Hollister Mine, were being used to help develop the South African mine - at approximately $15 million/month. However, development of the South African mine ran behind by six months, and the company determined northern Nevada operations could no longer help carry operations there alone as the Hollister Mine had its own development needs. The South African mine will most likely be sold, but that will not affect Nevada operations. The earnings from the Hollister Mine will be kept in North America under the watch of Canadian bankers. Driscoll concluded by observing the future of Great Basin Gold would now be determined by local miners. He said, "Our destiny is in our hands."

So siehts aus..was nützen Nachrichten, wenn man sie nicht traden kann?!

... unter dem DIP Loan hat die Company nun 6 Monate Zeit (und sogar noch schon mit Option auf drei weitere Monate) eine oder beide Minen zu verkaufen, um wieder genügend Liquidität zu erlangen. Unter Umständen ist der Handel bis dahin die gesamte Zeit ausgesetzt. Also, kann auch schneller gehen, aber evt. sitzen wir hier mit der Kohle erst mal eine Weile fest

das gibt Hoffnung, zumal nicht mehr steht, dass die Firma bald auch in Amerika BK erklären wird. Ganz im Gegenteil: "We are confident that given the industry interest we are seeing in these two assets we will see one or more realization or recapitalization transactions complete within the term of the DIP Loan." Klar ist noch lange nichts, aber sollten sie mit dem Notkredit und dem Einverständnis der Gläubiger Burnstone abstossen können, wäre es mögich die Firma wieder so zu kapitalisieren, dass sie mit Hollister weitermachen kann. Aber noch ist hier gar nichts entschieden, der Handel weiter ausgesetzt. Also warten, warten usw. Immerhin gibt mir die heutige PR durchaus wieder Hoffnung, dass das eingesetzte Geld nicht komplett verbrannt ist