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Great Bear Resources Ltd. GTBDF


Primary Symbol: 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 Hermodon Jun 20, 2020 1:35am
268 Views
Post# 31172224

RE:Does anybody here have the slightest idea what

RE:Does anybody here have the slightest idea what

iDiditMyWay wrote: just happened, or why?

 

All below is speculation. But this is my take on it. 

I think I know what happened. I cannot specify buyer/s, but I know that GBR is starting the run up to its real value, even though this will only get realized in full once we get bought up (bought in part, I hope, because I really want to see what are on those other claims!)
With the amount of stocks traded last night we also saw some of the annoying free float getting tied up, as I doubt those that bought yesterday are in the market of selling down the stock next week. The problem with the share price has been the 100 stock posts trading back and forth. Once we see posts of 1-2-5K stocks trade instead of  in the 100's, we will also ses real gains. Just like yesterday. Those moving in during the last 30 mins of trade are folks that do not care trying to add an extra 20 shares to the account by trading. Yesterday we saw people with money moving in, taking positions. 

My best guess is that some online (paid service) advisor put out a call to his followers that GBR is the next thing. The surge this created was enough to end us at ATH. I also guess this will continue beginning next week. We are nowhere near the real value of GBR, even if all we got in gold is what we have drilled right now. 

Tonight (or yesterday, where I am) showed why you should not trade GBR. 

Imagine having sold at $14.57, counting on recent patterns to reappear and planning to buy back at  $14.14 close to the end of the trading day, go to the bathroom, and come back to the computer only to see $15.28... Now that would s€ck big time would it not? 

Do not trade GBR unless you are willing to risk a lot. A lot. 


I am so curious about the late trading /after market/ that got us up to $15.70. So curious. 

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