Great Bear Resources Ltd. GTBAF

TFSA - Royalty Shares

[IvanHoe86]

Heads up, anyone holding the royalty shares in a TFSA/Registered vehicle, you should move to non registered as the non exchange traded royalto spinco shares are not a qualified investment. Luckily its worth 0.01 currently.

GLTA*

[goldman88]

This post has been removed in accordance with Community Policy

[goldbuz]

The good thing about having to transfer royalty shares from a registered account to non registered, is my broker had to value them at .01 cents. Instead of -.01. Yip ee

[CdnBadger]

Is that the same for a LIRA? Non eligible that is?

[Schmoby]

Yes, the same for a LIRA, my buddy just told me they contacted him today that he has to move them out of the account.

[BobTheKnob2]

Heads up. You may not be able to do this as there is no active market for the shares. You may have a situation where they will sit in your account until they trade on a market. It is similar to a stock that is halted.

[vestor111]

Not burst anyone's bubble but unless GBR announces bulk sampling, a mine could be at least 4 to 5 years off in a good senario.   And even a 1M oz mine production (which we noodled) could take years after that depending how aggressive any would-be buyer, partner or home grown op wants to get. But having said that, given the size of this beast, two or three open pits may not be to far

[Hermod]

Yep, we will not see a mine near future. But the shares cost us nothing, and will be very sweet once they start giving some cash inflow! I plan to retire in about 5 years time. That ought to be close to a point where we could see production begin. This is why the math games are, perhaps still a bit naive, but so fun!