Sell Side Brokers

The sell side brokers in GBN.V stock are very active, with very few active buyers or sellers. What is occurring is an arbitrage in the share price, rather than a stock which is traded on the stock market reflecting the value in the company.

For its part, the company has almost totally abandoned attempting to prop the share price at all. No new release or detail about the company is likely to raise the share price substantially. I would say that the company has been so secretive about what it is up to that the market is reflecting this secretiveness with an absurd share price.

Notwithstanding, Netolitzky is damaging shareholder value which will never be recovered through dilution of the shares. This is why I say the only avenue left open is to pay a dividend equal to or at least commensurate with the amount of development to be put into the company.

This would only be fair. With a gold price above $1500/oz. CDN, paying a dividend becomes clear possibility. @$2000/oz. CDN, the company would be obliged to pay out the shareholders with its overwhelming free cash flow.

The simple analysis would suggest that the gold price will obtain 100X the depression era price fix owing to the long term collapse in all currency values. First, $2000/oz., then $3500/oz., in the aftermath of a currency crisis, then a peak value of $4132/oz. This is due to the almost 100% loss in value of the U.S. dollar since the time of the depression.

The stock price is now below the .382 fibonnaci level, meaning we are in for a lengthy consolidation. The stock can be totally broken here. Price arbitrage in GBN.V shares is taking full advantage of a series of major technical crossovers in all respective time periods, daily, weekly, monthly.

supersize: http://www.flickr.com/photos/11747277@N07/5818416298/sizes/l/in/photostream/

stockcharts.com(realtime)

BNN.CA

Interview with Nicolas Colas

http://watch.bnn.ca/wednesday#clip480716

Look for interview with Brent Cook, June 8 'Gold's Price And Gold Stocks Misaligned'

http://www.kitco.com/VancouverJune2011/playlist_cambridge2011.swf

KItco Responds To Tax Fraud Allegations By Revenu Quebec

http://www.digitaljournal.com/pr/333762

Massive Quote Stuffing

The following screen shots from Monday will show that massive quote stuffing occurred at the close. This was corrected by 4pm. Bloomberg clearly shows a major discrepancy between the volume on their website and stockwatch. The time stamp lags by 20 min.

Is The Sale Of The Iskut River JV A Cause Of The Share Price Decline?

The Iskut River JV should have sold for 10X the value, but its only a sign how the market continues to ignore gold prospects.

- exploring and developing Iskut River would be prohibitive

- environmental concerns may trump any attempt at mining in this region.

- GBN.V has exceptional mining prospects in La Ronge, environmental permitting in place, and should not attempt to draw away from its core business with promises of mergers and acquisitions.

Positive News On Conservative Budget

By Bruce Cheadle, The Canadian Press – 3 days ago

OTTAWA — Civil servants at the federal Fisheries Department have been told their budget is being cut by $53 million as managers deal with last year's Conservative funding freeze in advance of deeper cuts to come.

Canadian Press

YEEAAAAAAHHHH!!!!!!

How Dividends Are Taxed In Canada

Google Search On Dividends Taxes In Canada

-F6