via Stockcharts.com

Today's action in GBN.V stock is no mystery. Long-dated U.S. treasury prices rallied hard this week, and yields will soon surpass historic lows.

But that's a death knell for GBN.V shareholders, because GBN.V shares are strongly inversely correlated with treasury prices, regardless of the gold price. Take a pause to breathe away the stress, because very long term resistances just fell on the close.

GBN.V management though, can take the blame, because of the grossly mismanaged La Ronge Gold Project. (their reputations did not precede them)

I thought it was the dilution that would kill the stock, but once they lost money, that was the end. Only the most thoroughly incompetent self-satisfied management could operate this way. But the charade goes on. They spent more on their secret drilling campaign than it cost to start up the business, and yet they expect everybody to believe their blatantly preposterous results.

No reports while they would have the clearest idea of what processing rates, mine and head grades are, and the shareholders should be informed. Komis would have been in operation for more than a month, while Lloyd would be mucking out of the newly shrunken stopes. They must be in a state of shock and panic at just how they will go about making the company operate at a loss.

The employees & subcontractors aught to be swearing under their breath, because nobody can take any pride in what they're doing. Its time for somebody to speak up. Losing money in a gold bull market? They MUST be the laughing stock of the mining industry.

supersize:

http://www.flickr.com/photos/11747277@N07/8183693190/sizes/l/in/photostream/

http://scharts.co/PAitl5

-F6