Post by
Cedarcottage on Nov 07, 2019 5:36pm
New PP
https://ceo.ca/@newswire/great-bear-announces-c146-million-bought-deal-private
Comment by
HansonLockyer on Nov 07, 2019 6:08pm
This post has been removed in accordance with Community Policy
Comment by
Tminus1blkswan on Nov 07, 2019 6:38pm
Strategically speaking, this may be a wise move, though the thought of dilution always sucks. This could allow us to have 6-8 drills on site turning at the same time. Remember, time is of the essence for proving up the resource before the majors get real serious. $15M of dution now could translate into a few extra $100M of market cap this time next year.
Comment by
Alim33 on Nov 07, 2019 6:15pm
Not sure that I am understanding this. The deal is for $8.35 a share but the current price is $6.02. So, how is this a bad thing?
Comment by
diabase1 on Nov 07, 2019 6:19pm
Flow through shares are always at a premium. Also, Rob McEwen and Chris Taylor are having a fire side chat from a summit conference on Nov 12. Not sure of its location. Do your DD.
Comment by
Iveybiz79 on Nov 07, 2019 6:20pm
DD Rob will no longer be there fyi
Comment by
diabase1 on Nov 07, 2019 6:37pm
Did Chris Taylor cancel out? Couldn't find GBR's name on the list.