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GIBRALTAR GROWTH CORP CL A T.GBG.A

"Gibraltar Growth Corp is a special purpose acquisition company."


TSX:GBG.A - Post by User

Comment by enigma75on Aug 05, 2013 2:59pm
1353 Views
Post# 21650400

RE:www.greatbasingold.com Account Suspend

RE:www.greatbasingold.com Account SuspendAll the Nevada assets have been sold for a cash payment of $15 million plus a six-year net profits royalty that MIGHT yield as much as $90 million more which will all go to the creditors.  Burnstone was sold for one hundred dollars (yes 100 dollars !!) plus a creditors agreement to restructure the debt obligations (the purchaser is also investing/lending approx. $95 million which  will be used to re-start the mine with a different mining plan). That leaves $ 0 for shareholders. Our only hope for any recovery would be for some kind soul to come along and offer to buy the GBG shares for a penny or two so they can use the tax-loss carry-forward (assuming that is legal). I am not holding my breath, nor am i selling any of my shares for $.0025. 

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