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Bullboard - Stock Discussion Forum Great Bear Resources Ltd. 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... see more

OTCQX:GTBAF - Post Discussion

Great Bear Resources Ltd. > Lots of cheap warrants...will see run ups and sells
View:
Post by 69chevelleSS on Apr 26, 2019 8:20pm

Lots of cheap warrants...will see run ups and sells

The fully funded expansion of the drill program by an additional 30,000 metres has an all-inclusive budget of approximately $5,600,000. The program will continue year-round. The Company currently has a cash treasury of approximately $12,000,000, and approximately $7,800,000 of in-the-money warrants priced from $0.20 to $1.75 expiring during 2019 and 2020, for approximately $20,000,000 on a partially diluted cash basis.
i believe the 20 cents warrants have expired.

 


Read more at https://stockhouse.com/news/press-releases/2019/04/01/great-bear-doubles-fully-funded-drill-program-from-30-000-m-to-60-000-m-will#BFuIYGwEFYGamQdy.99
Comment by 69chevelleSS on Apr 26, 2019 8:25pm
I added some 2 days ago. That was me buying @ $2.77-2.85. Was hoping for drill result this week. Oh well.
Comment by TheRealMoney on Apr 26, 2019 8:41pm
Very good point on this warrants thing too. 
Comment by touareg on Apr 29, 2019 4:04pm
Exactly 69chevelleSS.. As CT has pointed out many times the co has enough cash to drill the berjeebers out of dixie for 2 years without any further dilution.. any suggestion of another financing it aint gonna happen. I added more too early at $3, as usual lol, but no worries here.. surely won't be long now until next batch of results.. if they hit some strong grades on the deeper holes it ...more  
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