OTCQX:GTBAF - Post by User
Comment by
lumpy13on Mar 08, 2021 3:42pm
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Post# 32745269
RE:RE:RE:Looks like
RE:RE:RE:Looks like First, Lawson is a great addition as a director given his broad experience.
Second, they need his expertise as they continue to develop the property and decide whether to buld a mine or sell the company. My personal opinion is that they will eventually sell to a major, but they need to start laying the eventual groundwork for mine development to show the market GBR can go it on its own. So, if a major is interested in the property, they will pay full value.
Of course, I thought the same about ORE in Burkina Fasu. They inferred they wanted to sell, but never got an attractive offer and are now developing the property. It slowed things down for months as they had to raise financing, which took more time due to COVID, but they're now moving ahead. If you don't know ORE, do some DD. It's a nice property, they're already looking at expanding it, but you have to be willing to accept BF country risk.
GBR needs to keep both options open - to sell or build - and then they can decide on how to maximize shareholder value.