RE:Price ahead of drill results?GraysonT wrote: I am a shareholder of this stock but concerned the share price got ahead of the drill results. Would anyone have a counterargument?
GBR can explain better than anyone on here can. Latest explanation:
https://greatbearresources.ca/news/great-bear-drills-81.22-g-t-gold-over-10.50-m-at-bedrock-surface-at-lp-fault/
One could always bash oneself for not doing this or that in retrospective. But there is no crystal ball like looking in the rear view mirror. But onestly, that last drill result alone would be a company maker on any other claim in Canada. On Dixie? Ho-hum. Just some more gold.
GBR has become so obviously clear being a tier 1 asset, so now people are just waiting for a bid. And we will not take bids before we got a resource. Thus there is no "action". And people get bored in about 5 minutes nowadays. Do not believe me? Next time you go out in public - social distancing or not - look around. Anyone not oogling their mobile? Nope. All are. And that has become the general attention span of people. Bored? Go online. No price action in your stonkz all afternoon? Sell some and find action elsewhere. And then the spiral begins.
But Goaweigh put it best:
"I think GBR has become the piggy bank for many, see something shiny you want to own just sell 1000 shares of GBR @ $ 17 and you can buy 10,000 shares of that shiny object for @ $ 1.70
But eventually those shiny objects stop coming or the ones that people were rushing to buy lose their shine and it's back to putting money into the good old piggy bank again.
We are in the boring phase of drilling off a 20,000,000 Oz. deposit, it's shitty work but someone has to do it !"
I agree. But let me end by quoting Warren Buffet: "The stock market is a device for transferring money from the impatient to the patient."