Bullboard - Stock Discussion Forum Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

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

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Great Bear Resources Ltd. > While we can debate whether this is good news or bad for GBR

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Post by KozmoT on Dec 09, 2021 11:40am

While we can debate whether this is good news or bad for GBR

I think for all of us that own GBRR it is definitely great news no matter the price offered for GBR ... the long and winding road to production just got paved !!

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Comment by Ivorygull on Dec 09, 2021 11:49am

Good point KozmoT...........do you think that Kinross would attempt to buy GBRR out so they didn't have to pay any royalty? In the last few months I have sold over 40,000 GBRR to get into GENM and CNC but still have 2000 in there. Was hoping to be able to buy back in and still make a profit. A gamble but if it doesn't work out, really happy that CT gave us all those free shares and a ...more

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Comment by KozmoT on Dec 09, 2021 12:08pm

I don't see K buying out GBRR just because if they were going to do so I think they would have bundled it with GBR.. I do however think somebody else, a bigger royalty company, might be taking a closer loo at it. Don't tell anybody else but I sold a tiny bit of GBR this morn (like only 10% of my holding) and am picking up a bunch more GBRR on the basis that at $6.45 it now has ...more

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Comment by Ivorygull on Dec 09, 2021 12:14pm

Damn good idea on your GBR to GBRR move. Maybe once Kinross finally gets around to giving us the resource estimate we were hoping to get, and it shows a more true value, they might get taken out. You never know.

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Comment by KozmoT on Dec 09, 2021 12:57pm

@ ivorygull ... check your inbox.

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Comment by captainpooby1 on Dec 09, 2021 1:07pm

The GBRR to GBR ratio is at 4.4 to 1 now, the highest it's ever been. GBRR is a screaming buy and especially screaming if you are selling GBR to buy GBRR.

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Comment by KozmoT on Dec 09, 2021 1:34pm

Shhhhhh, I'm doing exactly that: sold 10% of my GBR but I'm still trying to scoop up GBRR shares without nudging the SP higher ... yes, its that tightly held. Actually I already have most of what I'm after or I wouldn't have posted this.

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