F6,
I am fascinated by your dedication to the GBN story despite the lack of transparency and dismal share price performance. I have only looked at GBN over the last few months and understand why it should trade at a large discount to fair value. However, the ongoing selling is a surprise, and implies a large overhang, a production problem, or more dilution. My guess is it is an overhang, as this is the case with many juniors in recent months. But, even in that case, the ridiculous number of shares outstanding makes a turnaround very difficult. It seems the CEO tried to call a bottom at 41 and 42c with some significant insider buying. Ooops.
It seems from your committment to this message board, that this is a top pick for you? I have taken a starter position based on valuation and my view on the gold price. But this is still a pure speculation for me until the technicals improve.
