Great Bear Resources Ltd. GTBAF

RE:Share structure is tight.

[lumpy13]

CT and his team have done an outstanding job.  And the 2% NSR to existing shareholders was especially creative and something I'd never seen before.

My guess is that the mid/large miners are keeping a close eye on this, challenged by the dynamic of the more they wait, the more expensive GBR will become, while also firming up what it really has.  An interesting trade-off.

Acquisitions in the AU space are starting and will grow.  At some point, someone is going to go after GBR and the question will be at what premium to the market price.  My guess is that it'd have to be significant - at least 75% - to persuade shareholders, and at 75% premium most shareholders would sell.  Also a question of whether the 2% NSR would be sold as well as part of the package.  (And that's why CT was smart with creating the NSR, as it's another bargaining chip.)