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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. > Going to very huge at the end
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Post by Schmoby on Sep 04, 2019 6:33pm

Going to very huge at the end

I think they will do a financing soon, maybe 5m shares which is a drop in the bucket, raise $50m and double the drills to speed thing ups. That's my recollection of how Aurelian did it in 2006. They also did a 4 for 1 stock split and had a very similar original share float. It will probably be a major that takes up the offering and stakes a position.

This is merely my opinion, so please don't take it personally or negatively as that is not my intention and you don't have to agree, again just me thinking out loud.

I see a lot of money to still be made here which is great for everyone that has been here for a while.

:)
Comment by BILLMINER on Sep 04, 2019 6:37pm
More drills are never a bad thing. Especially if a high degree of success is returned with each drill . Sure nice to see a marker horizon  for them to chase . 
Comment by October4 on Sep 04, 2019 6:38pm
Who would benefit from a stock split?
Comment by Goaweigh on Sep 04, 2019 7:22pm
Management for one because of how options are awarded and quite possibly the rest of us because as the stock rises it becomes less attractive to retail and to some degree less liquid for institutional buyers. The theory being a cheaper stock is more attractive to retail while a larger share base provides better liquidity and is therefore more attractive to Institutional buyers. However in the ...more  
Comment by HansonLockyer on Sep 05, 2019 4:33am
This post has been removed in accordance with Community Policy
Comment by Goaweigh on Sep 05, 2019 9:39am
 Heather shut up you're blowing my cover. I thought that planting the stock split idea here on the BB was a very sutle way of telling Chris what to do next. He reads all my stuff and actually spots holes based on codes that I include in my posts. Eric is going to be so mad at me for screwing this up and I'm going to lose a lot of commish.  Thanks a lot Heather !
Comment by KingCon on Sep 05, 2019 2:21am
I heard they are finalizing a financing at $5.07.
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