Jay Taylor
Taylor refreshes Great Bear Resources buy
2019-11-26 21:32 ET - In the News
Jay Taylor, in the Nov. 12, 2019, edition of Gold, Energy & Tech Stocks, refreshes his buy of Great Bear Resources Ltd., recently $5.98. Mr. Taylor said buy four times from Feb. 15, 2018, to Oct. 15, 2019, at prices ranging from 53 cents to $6.62. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $16,941. Great Bear owns the Dixie gold project in Ontario. On Oct. 24, it announced that it intends to spin out a 2-per-cent royalty on future production from Dixie to its shareholders. The details are not settled yet, and the spinout may not happen at all, but the general idea would be to create a royalty-owning spinout company and then distribute shares in the spinout to Great Bear's shareholders. Mr. Taylor sees this as an "ingenious way of optimizing shareholder value." Separately, on Oct. 30, Great Bear released another batch of impressive drill results from Dixie, highlighted by a near-surface intersection of 18.2 metres grading 10.32 grams per tonne gold. "The hits just keep on coming," declares a gleeful Mr. Taylor. He says investors still have lots to look forward to, with 18,000 metres remaining in this year's 90,000-metre drill program. Great Bear remains a buy