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Golden Band Resources Inc GBRIF

Metals & Mining Gold
Golden Band Resources Inc. is a Canada-based gold producer engaged in exploration, mine development and extraction of gold ores from its properties in the La Ronge Gold Belt in northern Saskatchewan and processing at its Jolu mill. It has assembled a land package in excess of 870 square kilometers (km2) that includes thirteen known gold deposits and four former producing mines, which were Star Lake, Decade, Komis and Jolu. The Company is mining at three deposits to feed the mill. These are Roy Lloyd, Greywacke and Golden Heart. Roy Lloyd mine is an underground mine extracting ore from the Bingo deposit. Golden Heart is located approximately nine kilometers east of the Komis mine and is accessible through a 17-kilometer mine road connecting to Highway 102 just north of Brabant Lake.


GREY:GBRIF - Post by User

Golden Band Resources Inc
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Comment by fungi294fron Nov 30, 2011 6:40pm
339 Views
Post# 19281069

RE: RE: RE: RE: RE: RE: RE: NR today

RE: RE: RE: RE: RE: RE: RE: NR today
Here is my list questions. Is GBN, potentially, an attractive target at a cheap price considering the amount of investment in an operating mill and underground mine developments? How many shareholders would take a .50/share takeover bid? Would GBN's BOD be happy with a .50 buyout? Why not?
Did GBN actually need the money, considering the payments on the original Sprott Loan were finished?
I believe the financing has more to do with putting a lien on certain properties than it has to with truly needing the cash.
More to do with protecting the company than anything else. If you want a buyout, you will be waiting another 18 months.  
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