Post by
Goldman1801 on Apr 01, 2021 2:46pm
As predicted
Right where it should be, single digits and valuation below BTU. Caused by dilution, immaterial news, zero results and confidence in management from the market. Seriously turning into a pig in lipstick as someone mentioned last year. Probability of success is declining, IMO if GNG turns out dusters on these next holes, drop to 5 cents. Will be very hard to raise more funds and the dilution will be even more intense. Gut feel for pending holes is not good, as much as you want the results it's also frightening as what that will do to share price. All past drill cores were predicated on some sort of "excitement" from preliminary work. These current holes are no different, something "exciting" but as history has shown us, it never materializes. For the sake of long term holders, hopefully something good comes out and not some new "exciting" anomaly with the dusters assays buried within the story..... but if history is any indication, it's not looking good......
Comment by
Bolivia on Apr 02, 2021 7:00am
This is why Great Bear passed on this property...only rocks
Comment by
Yonexx on Apr 02, 2021 2:10pm
Goldman i hear you. Its getting moment of truth feeling. Chances are declining as time passes, yet we are only half way the 8000 meters with 2 duster holes in the prio east area. Some positive signs for those pending lake holes north and south, but past results make me nervous too.
Comment by
ggrellette on Apr 04, 2021 10:41am
If he keeps informing us about the same old stuff the market gets tired of it. I believe the market has seen enough and now wants, no it needs verification now. The fairy tale stories and the blue sky potential has run its course so now we need the meat(DR) enough of the stuffing.