Post by
69chevelleSS on Mar 03, 2021 3:31pm
The only things that I don’t like and like
About GBR are the low volumes and wide spreads between the bid and ask. It's bad going down and good when it's going up. I think the new institutions won't have as much patience with SP being played with.
Comment by
diabase1 on Mar 03, 2021 6:20pm
I think one reason for that Chev is that there's only 53M shares outstanding. If most people are holding on for the buyout, then that doesn't leave many shares floating around. When there is trading, it moves up or down with big spreads. GBR should have at least 150M shares outstanding at this stage of their program. But it isn't and I'm not selling mine to anybody!!
Comment by
Iveybiz79 on Mar 03, 2021 7:36pm
Watch when the royalty shares begin trading at the end of this month. 1832 has been buying them privately at $ 1.33
Comment by
Goaweigh on Mar 04, 2021 12:40pm
How do you know their purchase price ? I went to their fund holdings and they only list top 10 and GBRR didn't make the list. How the heck they got their hands on all those is a mystery, someone must have been desperate for cash but even that doesn't make sense. I'm thinking they are worth around $ 3.00 but we'll see soon enough ....but when ?
Comment by
Iveybiz79 on Mar 04, 2021 1:15pm
Goaweigh, you can pull them up on sedar. They probably grabbed RM's but who knows.
Comment by
Goaweigh on Mar 04, 2021 1:45pm
That was a slog ! What I see is 2,681,846 shares at a cost of $ 4,123,000 or $ 1.53 per share . I also think I remember seeing that they've bought more but I can't remember where now. Think I even did one of my weird analysis things on it at one point. Anyway, Thanks