10/3/11
Great Basin Gold (GBG.to (GBG) is up 32.03% since December 2008
Which is OK, a win's a win and all that, but surely you'd want more from a gold play in a period that includes the late '08 depths of despair and then the all-time wow wow look-at-that gold bull run? After all, I have tenbaggers in my portfolio from the same time period.
But strangely, the company's market cap is up by 185.57% in the same period
Now why should that be? Oh yeah! It must be the way the company has diluted your scrawny asses non-stop for three years and printed paper in a style that would make Ben Bernanke proud. As it happens, GBG had 215m shares out at the end of 2008 and now we're at 465m and counting
GBG = Great WashBasin Gold (it's the dilution, y'see). Anyway, I'm sure the GBG BoD would like to thank you for your contribution to their lifestyles....and no, sadly your share purchases cannot be classed as charitable deductions in your tax form...though on second thoughts you might have a case.
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