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Great Bear Resources Ltd. GTBAF

Metals & Mining Gold
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

Great Bear Resources Ltd. > What does it mean?
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Comment by lumpy13on Oct 24, 2019 12:13pm
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Post# 30264858

RE:RE:RE:RE:RE:RE:What does it mean?

RE:RE:RE:RE:RE:RE:What does it mean?It's not 2% of net profits, it is 2% of net revenues after smelter costs.  So it can be a pretty significant amount.  

It's essentially a bargaining chip/poison pill if the company receives an unfriendly acquisition offer that the board doesn't find sufficiently attractive.  If the unfriendly acquisition succeeds, it can provide current shareholders a long term benefit.
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