Masuparia JV

The company has now completely lost sight of reality. They just spent millions acquiring the North Lake and Preview Lake deposits and now parcel them off just as quickly.

Masuparia went through a reverse split with nothing to show for their efforts or a better share price. This is one dead duck. Stick a fork in this one, because large, bulk tonnage deposits are now a thing of the past. They also don't exist in the La Ronge Gold Belt, which is a narrow vein type geology.

What GBN.V mostly wants is to maintain minority managerial and shareholder control over the La Ronge Gold Project. If Sprott sees any problem now with GBN.V, because of their losses on their gold mining bets, they will easily turn hostile with a hostile bid, So ends GBN.V. My guess is either Aurico, or IAM is the bidder.

Netolitzky is the loser here(along with Sprott) in the long-term capital dynamic hedging strategy taken against all gold mining companies. Your share price appreciation model was thrown out in the 1990's, to favour massive leverage and dynamic hedging. Gold mining share prices vs. Treasury bond credit default swaps. Gold mining companies on the receiving end, and hedge funds at the profit end.

The way out is through production and paying dividends. No other qualitative change can change this dynamic. Certainly not 'pie-in-the-sky' low grade deposits which don't really exist.

http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203258