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Great Bear Resources Ltd. GTBAF

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.


OTCQX:GTBAF - Post by User

Comment by Goaweighon May 30, 2019 1:45pm
101 Views
Post# 29785855

RE:Drill plays have crazy swings

RE:Drill plays have crazy swingsWhat gap are you talking about, the gap between $ 3 and the recent run to $ 3.80 + or some other ?  The stock has consolidated around $ 2.50 to $ 3.00 for ages so falling below $ 2.50 seems a bit unlikely....although it did fall to $ 2.20 mid May but I think there were reasons for that such as exercising of warrants. 
Now that's over with and we have an entirely new discovery, which is huge in it's own right, and we are starting to drill with 3 drills, I suspect that the news flow might increase a bit making a significant pull back unlikely. 
I think the low $ 3.00's is possible but I doubt we'll see a $ 2.00 number again unless the decimal is moved over one space....like this: $ 20.00 

 
   



FOMOalpha wrote: I sold my position today. That is a huge gap left on the GBR daily chart. Gaps won't be necessarily entirely filled usually but they always get partially filled at least in my experience. Another reminder is drill plays are very volatile. One discovery gives you 30 to 50% gains and then you could see it goes all the way down and gave back all of your gains. I experienced this multiple times in my past. Just want all people here to be cautious and protect your capital and gains


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