Great Discovery Announced In La Ronge

When swindlers show up, they really want the La Ronge Gold project and will say and do anything to obtain it. But if people should look at the float, decide that this company is substantive and start throwing their money at it because the share price goes up, then this particular gold play with no gold whatsoever can make an hostile offer for GBN.V and the shareholders can be taken in.

This is more or less what's happening in the Gogama gold belt in Ontario, where Trelawney is offering for Augen Gold. Trelawney can make an offer because their share price is up, not precisely because they really have a gold mining prospect in the camp.

The way I see it, if the GBN.V management really want to retain control of their project, the path of least resistance will probably paying out dividends. But shareholders have been uniquely focussed on equity price appreciation. That whole gambit has been utterly destroyed by this freakish market. The one who provides an equity price gain is the winner, but the trump card is dividends. Not that GBN.V management is listening. They can easily be taken out by such a swindle as Augen is being taken out by Trelawney.

La Ronge Gold announces major gold discovery