GBN.V Daily

The company was voluntarily de-listed from U.S. OTC exchanges this month, according to the material change report on SEDAR.

This probably has to do with contractual obligations that the company has to fulfill according to the Waterton Prepaid Bridge Facility, and the fact that what they're doing would not meet with stricter U.S securities law.

A certain Asset-Liabilities mismatch could mean that ore had been depleted and depreciated from the asset column, but also production held in escrow @~$700/oz., which was the cost to mine and produce dore in the March 2009 PEA, could add up to the $90m. in liabilities on the balance sheet. It could also mean that the full amount of 100k oz. is currently held in escrow. Not that the company ever delved in reliable figures.

Q3 fiscal 2014 would have been under full production, which ended at the end of January. If it was just an easy matter to draw ore from stockpiles and run it through the mill, and then escrow production, would you have shut the mill down given the gold price or would you have continued to escrow production, as it had been since February 2011?

They've lied about it before. In fact, just about everything reported by the company is a complete and utter fabrication. The PEA was almost certainly a very narrowly defined production scenario.

The share price has begun to lag the $CAD gold price.

http://scharts.co/1kvZ51E

$Gold:$CDW Weekly

The $CAD gold price is accumulating an avalanche of positive technicals:

http://scharts.co/17HxjtG

February Dilution Craze

Crocodile, Pretium, Rubicon, Detour, etc. continue to mine the markets rather than the gold they have on hand. Looks like Sprott is in there like a dirty shirt and can be reliably counted on as the dumb money.

-F6