Great Bear Resources Ltd. GTBAF

4 minutes in

[touareg]

[vestor111]

Was just going to post this interview - similar to Kranzler's advice on junior mining investing but McCoach was not only into GBR earlier but actually visited the site and knew of the CEO. 

[richardlouden07]

Thanks for posting that touareg, I liked the statement about the Red Lake camp, and how the majors would fight for anything over 2,000,000 ounces.(starting 4:38). More then 2,000,000 ounces we would need Michael Buffer (professional fight announcer) to introduce the majors in his stentorian voice, and then proclaim: LET'S GET READY TO RUMBLEEEEE!!!!!!!

[vestor111]

Yes that was a great moment...thrilling.   Wallbridge should be in a similar situation despite the large float.   I am waiting on drills to start spinning on New Range - another property well situated but much earlier into the exploration.  

[captainpooby1]

The market already believes that GBR has 3-4 million ozs.

[touareg]

Yes.. and no doubt all the majors are well aware of and watching and waiting and weighing up the competition and planning their strategies because as long as the story pans out the way it looks so far they want to be the winners in what could wll be a classic bidding war to get their hands on Dixie! Which also by the weigh is the dream of this shareholder and I would wager every other

[captainpooby1]

A bidding war you say?

[skiesthelimit]

I wouldn’t be surprised if a major takes a 10 to 15% stake in gbr, if the drills keep bringing up gold. Either they have more voting power and take us out or they make money on their investment. Win win for them. Or if a bidding war does ensue, they get to buy at discount due to their ownership. 

[Fullplate]

If a major were to buy 10-15% on the open market, it would likely double the share price pretty quickly. And I doubt that larger shareholders would be willing to sell to a major at this early stage of resource definition. If a major wants this, it will have to make a killer offer to be accepted.