Bullboard - Stock Discussion Forum GOLDBROOK VENTURES INC V.GBK

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Comment by North_of_60on Oct 14, 2010 11:03pm

RE: k613

Actually it's 75% if they fund the project all the way through production. They had a similar deal with Anglo American previously also, for half the total cash infusion. The cost of exploring the ...more

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Discussion

Post by RoyallyScrewedon Oct 14, 2010 6:13pm

k613

In response to your ALL CAPS statement that GBK IS A HUGE LANDOWNER...Are they really? Finding actual facts on JJ / GBK dealings is like prospecting for gold.I accidentally came across this gem in the ...more

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Comment by RoyallyScrewedon Oct 14, 2010 5:39pm

fliptwo re 25%

fliptwo, support your claim. Please indicate in the contract where GBK gets "25% payback"If you can clearly show that to be true, I will post and commend you for your efforts and excellent ...more

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Discussion

Comment by playertooon Oct 14, 2010 3:59pm

RE: RE: RE: RE: fliptwo and North_of_60

my well placed sources advise caution with this company in the near future, long term possibly decent upside.

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Comment by fliptwoon Oct 14, 2010 12:41pm

RE: RE: RE: RE: RE: RE: fliptwo and North_of_60

GBK contributed the CZZ deal. without further financial obligations. It i a FREE CARRY for GBK. No further obligations for cash to protect the 25% payback. And remember, ...more

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Discussion

Comment by North_of_60on Oct 13, 2010 3:53am

RE: RE: RE: RE: RE: fliptwo and North_of_60

They did not pay anything and they can keep 25% of the project if they're able to fund their share. That alone is a deal. Production is schedule for 2012, the pay back is 1.9 years at a price of ...more

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Discussion

Comment by RoyallyScrewedon Oct 13, 2010 12:46am

RE: RE: RE: RE: fliptwo and North_of_60

Article 3 refers to transfer of existing shares only, not issuance of new shares, for which there are NO apparent restrictions.Article 4.4 Bid budget and funding: ''The initial funding ...more

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Comment by North_of_60on Oct 12, 2010 11:04pm

RE: RE: RE: fliptwo and North_of_60

You don't get the full information (Shareholder, joint bid and operation agreement) from JJ or GBK, you get it on Sedar.Article 1 interpretation: '' Shareholder''. Yes It is ...more

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Comment by RoyallyScrewedon Oct 12, 2010 8:56pm

RE: RE: fliptwo and North_of_60

You don't take your facts from JJ? LOL, facts are facts no matter where you find them North_of_60. Unfortunately, SEDAR supports the JJ news release. Both are factual. If you read the contract ...more

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Comment by North_of_60on Oct 12, 2010 7:39pm

RE: fliptwo and North_of_60

I don't take the facts from JJ I take it from Sedar. We'll find out soon enough if all the shareholders of GBK are naive or savvy investors.

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Discussion

Post by RoyallyScrewedon Oct 12, 2010 4:10pm

fliptwo and North_of_60

Pleas take this advice with only my best intentions. Both of you are too naive to be investing in the stock market and will both lose your shirts eventually unless you are extremely lucky. The ...more

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Comment by fliptwoon Oct 12, 2010 12:27pm

RE: RE: voting shares

The agreement specifies that changes must be voted on unanimously. Each party has one vote each for a total of two votes. Throughout the document it is specfied JJ must pay all the ...more

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Discussion

Comment by North_of_60on Oct 11, 2010 5:08pm

RE: RE: Take-over-bid

JJ would have the right to match any offer as written in section 3.4 ''Rights of first offer'' of the ''shareholder, joint bid and operating agreement''

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Discussion

Post by North_of_60on Oct 11, 2010 3:09pm

Take-over-bid

Get ready for a take-over-bid from JJ after we pay the 30M required to keep our 25% stake in Jien Canada.

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Comment by Geosnowon Oct 06, 2010 6:52pm

RE: voting shares

Could you point me to the actual section of the agreement where it says the Class A voting shares are restricted / no more to be issued. I did not come across it but easily could have missed it.

346

Discussion

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