Great Bear Resources Ltd. GTBDF

RE:1.75 cent warrants

[Goaweigh]

The cheap warrants have always played some part in this story so blaming RM for every hiccup was silly. The remaining .42 warrants can be exercised for
$ 300,000 which would require the sale of only 50,000 shares at current levels.
They shouldn't be a factor. 
The remaining warrants at $ 1.75 might be a speed bump at some point but great results usually have the effect of flattening those out so I'm not overly worried.

If you believe the message that Chris has been trying to telegraph over the last few months then the warrants just won't matter and this $ 6 share price will move up quite considerably over time.

There are only 4 possible scenarios that I can see vis a vie what Chris is trying to tell us. 

1) He and his team are absolutely right and this is a district scale play.
2) He and his team have completely misinterpreted what they have been seeing.
3) He and his team are all on crack.
4) He and his team are all crooks and should go to prison.

I just don't see how items 2 thru 4 are possible given the quality of the so many people involved in this play so I'm comfortable that we are in fact involved in a district size play that will cause our stock price to move up considerably over time.
The guys who just wrote that $ 16,700,000 cheque must think so too so we are in pretty good company !

Ghostofrljp wrote: Went to 2,331,000 this Q with no mention of further reduction in subsequent events end of report.

Previous Q 3,237,000

That is for the 1.75 warrants

There are still 711,000 42 cent warrants out Exp Dec 27 2019...though some of those may have been excercised ref the subsequent events info end of report. They do not break down the value of the warrants converted only $130,000 for 238,000 warrants. 

Lots of cheap paper got churned and then RM doing his thing could be the whole reason for all this consolidation.