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I've heard that discussed, but Kinross seems to have a lot of negatives.
If I were Bristow and I realllllly wanted to pick up Great Bear and the Dixie showpiece... I'd play Br'er Rabbit and let Kinross do the deal and then I'd make an offer for all of Kinross.
Barrick : $32 Billion Market Cap
Kinross : $6.7 Billion Market Cap
Great Bear : $1.3 Billion Market Cap
Offer ( enough ) mostly cash and some Barrick Green Stamps and the Kinross Krowd would be erecting a statue to Mark.
Yeah, this could be one heck of a show, even a multi-episode serial.
Breakup fee is $85 million. Subtract the ~$70 million in the till, and it's not much
I'm in at $4.88, so not a 10 bagger. (although about a third of my shares qualify). I've done well enough, but i don't see any reason for the project to sell for small money.
Why would you get rid of a derisked asset while it's still appreciating? We're not out of money. There's a MRE and PEA coming and as I said, there's somewhere around $70 million in the drawer.
Yes, I realize there's no resource published yet. But imagine you're three weeks from graduating Harvard, and someone offers you a job for short money because you "don't even have a college degree".
Add to that, that with or without a formal resource, all the majors have had their own people in the core shack. They have their own geos and modeling software. At the moment we're trying to determine whether the MRE's going to be published at all now, but for sure the suitors know what's in there.
Yes, if there are no other bids, there will be people who want to take the Kinross deal. Right now we know they represent 20% or about 12 million shares. They need 67% or around 41 million shares to carry the day. I don't imagine I have the power to sway that with a no vote, but I think there will be plenty of others.
In an interview at the Metal Investors forum, Chris Taylor said, "Sit back and watch the show..." so we're hoping there is one. I hope your popcorn doesn't go to waste.
Oh I'm very familiar with the Great Bear story; there have been several times in the past few years when I almost bought in, but there always seemed to be "something else" wanting my money more.
If Bristow wants to horn in on the deal, more power to him but he'll have one heck of a sell job to his BoD who remember all too the well the price Barrick paid the last time their eyes were bigger than their chequebook. The NR mentioned a termination fee to Kinross, of course, but didn't specify its size so add that to Mark's bar tab if he wants to drink a few Kinross Kordials at the Great Bear Bar & Grill.
And I have no doubt there will be "No!" votes from the GB Gallery, but there will also be a lot who will say "There's my 10-bag! Thank you, Kinross! NEXT!"
I've got plenty of popcorn ready to watch this show; it'll be a good one, if it comes to that.
"don't expect Barrick to suddenly come riding to the rescue"
---------------------------
Riding to the rescue you say?
Are you unfamiliar with the story, and just read a headline?
Rescue would imply that the LP fault isn't twice the size of Hemlo, or that Great Bear didn't have $70 million in the bank, or that an MRE wasn't due in Q1, or a PEA in Q2.
Barrick just signed farm in agreements on something like 3/4 of the moose pasture abutting Dixie... but I'm sure they have no interest. If Bristow lets this get away he'll be decades living it down.
This appears to be an opening bid. But if you are right, it's the steal of a generation for Kinross. There's also this to consider. A lot of shareholders are "no" votes. The deal requires 66.7%.
We shall see.
They might up the ante a little bit as a goodwill gesture, but don't expect Barrick to suddenly come riding to the rescue, chequebook in hand; or anybody else, for that matter.
Barrick got their head handed to them by overpaying in the last buyout cycle. Once burned, twice shy.
Plus, it's still just way too early in the M&A cycle for bidding wars. Kinross knows this, and that's why they showed up now, so they wouldn't find themselves in any bidding war.
We'll be surprised if that's the final offer.
CAD $1.9 billion isn't enough. Barrick hasn't weighed in, but I'd expect them to.
https://www.howestreet.com/audio/Kaiser_John_2021_12__09.mp3
Santa Claus just showed up for you Great Bear folks
https://stockhouse.com/news/press-releases/2021/12/08/kinross-announces-acquisition-of-great-bear-resources
And WOW, did he have a nice price premium in his sack.
Congrats
It should be:
Great Bear Resources Ltd. V.GBR
Alternate Symbol(s): GTBAF
Board's dead and the ticker is wrong, but the stock's on a tear.
https://stockhouse.com/companies/quote?symbol=v.gbr
Great Bear Completes Phase 1 Grid Drilling to 450 m Depth at LP Fault: 440 Holes, 222,500 m Drilled Since May 2019 Discovery
V.GBR | 1 day ago
TSX-V: GBR
Countdown to Maiden Resource Estimate
Phase 1 done. Phase 2 to start. $83 million still in the bank.
Every hole has gold... out of 440 holes there are 109 still in various stages of assay.
https://stockhouse.com/news/press-releases/2021/07/28/great-bear-completes-phase-1-grid-drilling-to-450-m-depth-at-lp-fault-440-holes
Who’s Next?
This post is the first in a “Who’s Next” series profiling the junior miners with the best chance of an “eye-popping multiple” buy-out. First up: Great Bear Resources :
Great Bear has the rare distinction of finding gold – sometimes lots of it — in every hole it has drilled. Its property in Canada’s Red Lake district (home to several other legendary mines) is now five kilometers long and still open in every direction.
Add in the facts that the deposit starts near the surface, which makes a relatively cheap open-pit mine possible, and that it’s next to a highway and power lines in a politically stable, mining-friendly country, and Great Bear looks like a no-brainer acquisition candidate. The only question is price. Which is where things get interesting.
When the long drill hole winning streak got going, investors flocked to the stock, sending it up about 20-times from its 2018 low. But once it became clear that fleshing out a deposit this vast would take a while, subsequent great drill results lost their impact and have largely been ignored while the stock has languished between US$10 – $14.
But now the release date for the company’s resource report – which will document how many ounces it has and how easy it will be to get at them, giving possible acquirers data on which to base an offer – is maybe six months away. So it’s time for a revival of speculation about what the report will say and how the majors will respond.
In other words, the coming year might be as exciting as the past year was boring.
https://www.dollarcollapse.com/eye-popping-multiples/
"Any thoughts on what the average grade will be? Surely, well above 1g?"
I think above 1g. There's a lot of high grade zones in there. But even at 1g it's huge. (see quote below)
The company can't really discuss it without running into Canadian law, but there are some good discussions on CEO.CA or Stockhouse
https://ceo.ca/gbr
https://stockhouse.com/companies/quote?symbol=v.gbr
Here's an example (and this is conservative)
Any thoughts on what the average grade will be? Surely, well above 1g?
Any thoughts on what the average grade will be? Surely, well above 1g?
Great Bear Provides Assays Across Width of LP Fault Zone, Drills Separate Intervals of 400.00 g/t Gold Over 0.50 m and 2.23 g/t Gold Over 77.40 m in Same Hole
It was Sprott Junior Gold Miners ETF. Same company, but not Eric Sprott himself. Eric likes to get in when they're really cheap. This is one that he says he missed. It's still a good vote of confidence.
I got the original royalty shares, but I didn't get the second offering because I'm in the States, and I'm not a "high net worth" investor. I was pissed.
There's a lot of speculation on the buyout. Chris Taylor keeps using $4 billion as a "for instance", but he can't say it outright. Given it's a Tier 1 asset located by the highway and power lines, it's going to get a premium price.
This is a Cormark Research report on the royalty company, but it discusses the underlying asset. You can see that CT isn't the only one throwing big numbers around. I give it 10 months or less at this point.
https://cdn-ceo-ca.s3.amazonaws.com/1gat7l3-CormarkResearch%20GBRR.pdf
If you aren't on https://ceo.ca/gbr, you should have a look. It costs $5 one time, but it keeps the knuckleheads and spammers off the board. You get analysts and letter writers there. Eric Coffin posts there, James Kwantes... Doug Ramshaw (director). There's good information.
Wow, did not know that about Sprott. So that's what caused the spike? Love seeing it back up in the 13-14 range. Did you get in on the royalty shares? Heard a lot of people in the US had issues. I was able to thankfully but it was a pain.
I've actually been buying since September 2018. I wish I'd have bought earlier and more... but hindsight is 20/20.
This a historical find. Make no mistake.
Highlights:
$90 million in cash, ($45 million to be spent this year)
4.2 km strike length
375 holes done
318 reported
400 to 450 expected by year's end to complete maiden resource estimate (MRE)
MRE expected early in 2021
PEA to follow soon after.
...and that's just the shallow stuff. It keeps going.
Sprott Junior Gold Miners ETF bought 400k shares in the open market May 29. Now their largest holding.
14 institutions own 30%.
If you missed the webinar yesterday, here it is. It's long, but worth it. Lots of good stuff. I say 4x minimum by next summer... my opinion.
I never left it, it's been my biggest holding for a while. Good to see someone on this board is paying attn to it!
If you're out of this stock, it's a good time to be back in.
Great Bear Drills 101.50 m of 4.69 g/t Gold, Including 5.25 m of 41.25 g/t Gold at LP Fault; Provides Update on Successful Model Test
Good release.
https://finance.yahoo.com/news/great-bear-drills-101-50-123000092.html
Great synopsis from @GTA on the CEO.CA board.
Good day all ... just to give a recap of gbr that most following closely already know so please add or correct..... Its been 6 weeks this Wed coming up since the last typical news on drill results from gbr (Oct 7 18.5 g over 19.25 M )making it one of the longest waits. Gbr has approx 30+ drill holes in the lab for assays from their 200 drilled 300 hole 2020 campaign . Shares have been trading approx 1.1 m$ daily for the last 3 months consolidating nicely. So to recap
(1) gbr has no outstanding warrants with a very tight share structure for a market cap this size
(2) money in the treasury to keep 5 drills running 24/7 for the next 12 months well into 2022
(3) claim runs parallel to the main hwy with hydro,natural gas and cell service. Providing year round access for drilling with accommodation,restaurants and future workforce within a 20min drive.All in a mining friendly jurisdiction
(4) currently gbr is drilling off a 4.5km section of the 22km claim (LP zone) with approx 200 drill holes to date, 100% of holes drilled have encountered gold mineralization
(5) CT stated on last Proactive Investors interview that himself and Bob S have have been working on new 3D modelling over the last few months that will show continuity and predictably of the high strain sheets.This all in preparation of a webinar presentation scheduled late Nov early Dec
(6) Analysts rating of a $28-$34 price target,(see analyst coverage on gbr website)
(7) while a 43-101 is not due till mid 2021 projections have ranged from 5- 15 m oz ,making this potentially one of the largest finds in Canada in decades.
(8) While the main focus is on the 4.5km section of the LP fault which is still open to depth and strike several areas can be added
a) original Hing/Limb zone
b) recently discovered Arrow zone
c) high priority targets yet to be drilled
d) recently uncovered outcrops that have been channel cut.
(9) ongoing Metallurgical study’s showing 97% recovery rate for Hing/Limb zone ............ it’s still early days on this 22km claim that hasn’t had any misses yet. With a buildup of news, planned webinar presentation, 3 months of consolidation,tight share structure , de risked project , multiple potential mines all on the same 100% owned claim, GBR is now setup for the next leg up ,I could go on but my thumbs getting tired typing on my phone......... please add as this is more for anyone new to gbr
We should be expecting more news this week. It's kind of maddening how real and solid news doesn't seem to move this stock price... while people take flyers on juniors with lesser prospects.
That said, this is what Barrick looks like.
Thanks, LOTS OF GOLD -
Gold Debate: Is A New Gold Standard Coming? (Steve Forbes) -
August 23, 2020
Welcome aboard
Well hello, great to find a board for great bear. I used to come to investorhub for biotechs (learned to stay away). I have been in Great Bear since $2.00. Love the company!
Great Bear Discovers New High Grade "Arrow" Zone: 19.32 g/t Gold Over 2.10 m, Within 3.00 g/t Gold Over 15.00 m
TSX-V: GBR
VANCOUVER, BC , June 18, 2020 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear") (GBR.V) (GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario .
Chris Taylor , President and CEO of Great Bear said, "Targeted regional drilling has repeated the success of our original Hinge zone discovery of 2018, one kilometre west of the Hinge zone. Drill hole REG-002 intersected three zones of gold mineralization including a 15 metre wide interval containing high-grade visible gold in quartz veins, the "Arrow" zone. These new gold-bearing veins have the same high temperature red-brown hydrothermal biotite alteration that is characteristic of the Hinge zone veins at Dixie, and the High Grade Zone at the Red Lake Gold Mine. While our primary focus remains the ongoing grid drilling program at the LP Fault zone, systematic follow up drilling of the Arrow discovery is clearly required, and additional regional targets also need to be drilled. The discovery of an additional Red Lake style high-grade gold zone in the first new area we've tested this year supports the strong ongoing discovery potential of the Dixie project."
Drill hole locations and results are provided in Figure 1, and in Table 1, respectively.
Drill Results Highlights:
New drill hole REG-002 was completed 1.2 kilometres to the west-northwest of the Hinge zone. Highlights include:
19.32 g/t gold over 2.10 metres, including 50.00 g/t gold over 0.75 metres, within a broader interval of 3.00 g/t gold over 15.00 metres. Figure 2, Figure 3, Figure 4 and Figure 5.
Three mineralized intervals were intersected along 435.55 metres of core length.
Gold mineralization was present at significant changes in rock type. In particular, high-grade gold within quartz veins was best developed at the contact between a high iron tholeiitic pillow basalt and a massive basalt. This is the same type of geological contact that is highly mineralized at the Hinge and Dixie Limb zones, however the Arrow zone occurs at a different stratigraphic position.
The Arrow zone veins strike 280 degrees and dip steeply to the northeast, similar to the Hinge zone veins. The regional D2 fold axis that is adjacent to the Hinge, Dixie Limb and Arrow zones extends for approximately 3.7 kilometres to the west-northwest from the Hinge Zone, before being terminated by a granitic batholith. The Arrow zone marks the westernmost drilling along this trend to date.
New drill hole REG-001 was completed to the northeast of RE-002 on the same drill fence. It intersected anomalous mineralization returning 0.51 g/t gold over 2.20 metres.
Oriented structural data suggests the mineralized interval in REG-001 is the same mineralization intersected at the top of drill hole REG-002 (1.09 g/t gold over 1.00 metres and 1.80 g/t gold over 1.30 metres), as shown on Figure 2. The vertical distance between the upper intercepts in REG-002 and REG-001 is approximately 300 metres. These results suggest significant potential vertical continuity in the Arrow zone, as has been observed at the other zones across the Dixie property.
The Arrow zone was targeted by projecting established gold mineralization trends observed within the LP Fault, Dixie Limb and Hinge zones along strike into the discovery area. While all three of these zones exhibit different geological controls and alteration signatures, they also all have a population of quartz veins with an approximately east-west orientation which often contain high-grade gold. The trends from the three zones intersect in several areas (Figure 1) near the Arrow zone and for this reason two exploratory drill holes were completed to cross two of these projected trends, resulting in the new discovery.
The Company notes that the Arrow zone discovery is the first confirmed occurrence of high-grade quartz veins with red-brown hydrothermal biotite alteration observed outside of the Hinge zone at Dixie. This type of high temperature alteration is a key characteristic of the High Grade Zone discovery at the Red Lake Gold Mine, initially made by Goldcorp Inc.; the mine is now operated by Evolution Mining Ltd. Other regional gold bearing quartz veins at Dixie such as those observed in the North Fault target contain accessory tourmaline gangue mineralogy which is characteristic of later-stage, lower temperature gold mineralization across the Red Lake district.
....read more
https://finance.yahoo.com/news/great-bear-discovers-high-grade-110000044.html
Great Bear Drills 30.51 g/t Gold Over 12.40 m at LP Fault
V.GBR, GTBAF | 23 hours ago
TSX-V: GBR
VANCOUVER, BC, June 8, 2020 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR); (OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, "The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date. Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area. Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022. Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future."
The Company has completed 111 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively. An updated long section of the LP Fault drilling is provided in Figure 2.
Drill Results Highlights:
New drill hole BR-133 on section 20050 was completed in a 140 metre gap in drilling. It contained multiple mineralized intervals, highlights of which include:
30.51 g/t gold over 12.40 metres, including 103.56 g/t gold over 1.10 metres, within a broader interval of 15.45 g/t gold over 25.15 metres, beginning at 163.35 metres down hole. Figure 3.
This is the widest, highest-grade gold interval drilled at the LP Fault to date. Mineralization is present at the bedrock surface.
Previously disclosed drill hole BR-118 (May 4, 2020), which assayed 18.57 g/t gold over 13.00 metres, was formerly considered one of the best high-grade intervals along the LP Fault zone prior to BR-133. These holes are 600 metres apartand both intersect the same gold zone.
Continuity of gold mineralization is suggested by deeper drilling on the same section as BR-133:
New drill hole BR-134 intersected the same mineralized zone 75 metres vertically below BR-133. Assays include 11.16 g/t gold over 18.50 metres, including 47.95 g/t gold over 1.50 metres, within a broader interval of 3.62 g/t gold over 63.65 metres, beginning at 158.35 metres down hole.
Continuity of gold mineralization is also suggested by similar results on both adjacent sections to BR-133 and 134:
Drill section 20100, located 50 metres to the northwest of BR-133, includes previously reported drill hole BR-020 which returned 10.65 g/t gold over 17.25 metres (September 3, 2019).
Drill section 19950, located 90 - 100 metres to the southeast of BR-133, includes previously reported drill hole BR-065 which returned 48.67 g/t gold over 8.70 metres (December 16, 2019).
Extension of high-grade gold:
New drill hole BR-127 was completed near the northwestern limit of LP Fault drilling on section 22450, approximately 2,400 metres northwest of BR-133 in the on-strike continuation of the same mineralized zone, as shown on Figure 2. The drill hole intersected the gold zone at greater depth than previous drilling on this section.
Results are significantly better than shallower drilling on this section, and include 10.28 g/t gold over 3.90 metres, within a broader interval of 5.04 g/t gold over 10.10 metres at a depth of approximately 375 vertical metres. Figure 4.
Results extend drill-confirmed high-grade gold mineralization by approximately 100 metres to the northwest and demonstrate increased grade and thickness of gold mineralization at greater depth. Further deeper drilling is required in this area. Increased gold mineralization at greater depth was also recently reported at the adjacent Dixie Limb zone (May 11, 2020), and is a common feature of mesothermal gold deposits in northwestern Ontario.
Other drill results:
Additional drilling continues to successfully intersect gold mineralization along all points of the LP Fault.
New drill hole BR-109, located 150 metres northwest of BR-133 on drill section 20200 intersected 14.48 g/t gold over 4.00 metres, within a broader interval of 3.23 g/t gold over 27.25 metres.
New drill hole BR-108, located on the same drill section as BR-109, intersected multiple gold-bearing intervals along 228.80 metres of core length, including 14.97 g/t gold over 1.00 metres, within a broader interval of 1.04 g/t gold over 71.50 metres.
Approximately 189 drill holes remain to be completed as part of the Company's ongoing 2020 LP Fault drill program. Additional drill holes are also planned into the Dixie Limb and Hinge zones, in addition to other regional targets. The Company remains fully funded for this work and does not anticipate requiring further financing until 2022.
................................
story plus tables and graphics
https://stockhouse.com/news/press-releases/2020/06/08/great-bear-drills-30-51-g-t-gold-over-12-40-m-at-lp-fault
Great Bear spun out a 2% net smelter royalty to shareholders of record (as of the 4th I think). You missed that one.
Meanwhile, the company just did a PP of 2,195,600 shares, for $33 million CAD (~24.5 million USD). No warrants, so a pretty good deal. That will bring them to 57 million shares fully diluted and a little over $50 million in the bank for drilling. It's hard to bitch about.
PP is scheduled to close on June 2... so I wouldn't expect news til that week.
https://stockhouse.com/news/press-releases/2020/05/12/great-bear-announces-upsized-bought-deal-private-placement-offering-of-c-33
Did you see this release?
https://stockhouse.com/news/press-releases/2020/05/11/great-bear-completes-first-deep-drill-hole-at-dixie-10-19-g-t-gold-over-19-00-m
What are royalty shares?
Opened my position sday, wanted to invest more but this stock has already moved from 80 cents to 8 dollars. Not sure how if there much of a upside from here.
Also market is highly volatile now. Will add more if this stocks dips Lower than the current price
Meanwhile...
Great Bear Announces Upsized Bought Deal Private Placement Offering of C$33 Million
V.GBR | 18 hours ago
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TSX-V: GBR
VANCOUVER, May 12, 2020 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) is pleased to announce that in connection with its previously announced bought deal private placement offering, the Company and a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the "Underwriters") have agreed to increase the size of the offering. Great Bear will now issue 1,470,600 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of C$17.00 per Flow-Through Share, and 725,000 common shares of the Company (the "Common Shares") at a price of C$11.04 per Common Share for aggregate gross proceeds of C$33,004,200 (the "Offering").
The gross proceeds from the sale of Flow-Through Shares will be used to incur "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to Great Bear's projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2020. The net proceeds from the sale of Common Shares will be used to fund exploration activities and for general corporate purposes.
The Offering is scheduled to close on or about June 2, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. The Flow-Through Common Shares will be subject to a four month hold period from the date of closing of the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Great Bear
Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the Company controls over 300 km2 of highly prospective tenure across 4 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), and the Sobel Property (earning a 100% interest), all of which are accessible year-round through existing roads.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary note regarding forward-looking statements
This news release contains certain "forward looking statements" and certain "forward-looking information" as defined underapplicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified bythe use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe","continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose ofassisting readers in understanding management's current expectations and plans relating to the future. Readers arecautioned that such information may not be appropriate for other purposes.
Forward-looking statements and information include, but are not limited to, statements in respect of the proposed Offering including the proposed use of proceeds, the closing date of the Offering and receipt of regulatory and stock exchange approvals.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause theactual actions, events or results to be materially different from those expressed or implied by such forward-lookinginformation, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic;unquantifiable risks related to government actions and interventions;stock market volatility; regulatory restrictions; and other related risks anduncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations,analyses and opinions, which are based on such management's experience and perception of trends, current conditions andexpected developments, and other factors that management believes are relevant and reasonable in the circumstances, butwhich may prove to be incorrect.
Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information
SOURCE Great Bear Resources Ltd.
Cision View original content: http://www.newswire.ca/en/releases/archive/May2020/12/c2376.html
Investor Inquiries: Mr. Knox Henderson, Office: 604-646-8354, Direct: 604-551-2360, info@greatbearresources.ca, www.greatbearresources.caCopyright CNW Group 2020
Canada Newswire
May 12, 2020 - 8:17 AM PDT
GTBAF, yes.
Fidelity isn't showing that or my spinout royalty shares yet. They're saying it can be up to a month from the record date.
I wanted to buy a few, so I just bought the Canadian issue. They say patience is a virtue, but it's not one of my virtues.
Ticker symbol is changed from GTBDF to GTBAF on OTC
Sorry again lol
V.GBR is working for a quote, and the OTC is still trying to catch up to the rest. GTBDF doesn't seem to be working anymore.
The company spun out a 2% NSR to the shareholders in the last couple of days and the brokerages haven't really caught up on the OTC side.
I know Fidelity allows you to buy the Canadian symbol.
Sorry... Here we go.
One of these should work
https://www.youtube.com/watch?v=IQGBcezfGi4&t=88s
Got ‘This ticker symbol is not available in OTC’ error when tired to open a position this morning
YouTube link is throwing an error. Can you please give the link again?
Seems like I am late to the party, should have known about this stock at least an year back.
Nonetheless, great to come across legit miners in OTC world. Great stuff
It's OTC in the States. It's TSX Venture in Canada.
Speculation is that the company gets taken out in less than a year at this point, so it might be moot.
Active board here:
https://stockhouse.com/companies/quote?symbol=v.gbr
There's also a great you tube channel. Here's a rundown on the results so far... 99 holes into a 300 hole program
Great Bear Drills 18.57 g/t Gold Over 13.00 m, Within 2.67 g/t Gold Over 104.15 m at LP Fault
May 4, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBDF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, “As we approach the one-year anniversary of the discovery of the LP Fault and our 100th drill hole into this target, our sense of enthusiasm continues to build as the LP Fault continues to deliver robust gold results with more detailed drilling. New drill hole BR-118 returned one of the longest high-grade gold intervals to-date, and was completed in the middle of a 150 metre gap in drilling. Mineralization begins immediately at the bedrock surface, with consistent geology and mineralization styles observed in both neighbouring drill sections. Importantly, all other drill holes reported in this release also continue to successfully intersect gold mineralization at all points tested along the LP Fault to-date.”
The Company has completed 99 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively. An updated long section of the LP Fault drilling is provided in Figure 2.
Read more, view tables and figures at:
https://greatbearresources.ca/news/great-bear-drills-18.57-g-t-gold-over-13.00-m-within-2.67-g-t-gold-over-104.15-m-at-lp-fault/
Good question, no idea.
Why is this still trading in OTC markets with more than 5 dollars price?
Great Bear to Host a Webinar on Thursday February 20th at 11:15am PDT/2:15pm EDT to Provide Update on Dixie Drill Program
VANCOUVER, Feb. 5, 2020 /CNW/ - Great Bear Resources (the "Company" or "Great Bear", TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, P.Geo, President and CEO and Mr. R. Bob Singh, P.Geo, Vice President, Exploration for a webinar detailing recent progress in the Company's ongoing fully-funded 200,000 metre drill program at its 100% owned Dixie property in the Red Lake district of Ontario.
more...
https://stockhouse.com/news/press-releases/2020/02/05/great-bear-to-host-a-webinar-on-thursday-february-20th-at-11-15am-pdt-2-15pm
https://greatbearresources.ca/news/great-bear-announces-proposed-spin-out-of-2.0-nsr-on-the-dixie-project-to-create-great-bear-royalties-corp/
News Releases
Great Bear Announces Proposed Spin-Out of 2.0% NSR on the Dixie Project to Create Great Bear Royalties Corp.
January 31, 2020
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January 31, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (TSX-V: GBR) (the “Company” or “Great Bear”) today announces that is has entered into a 2.0% net smelter return royalty agreement (the “NSR Royalty”) with a newly incorporated wholly-owned subsidiary named Great Bear Royalties Corp. (“Great Bear Royalties”). Great Bear plans to transfer the NSR Royalty, approximately $1 million in marketable securities currently owned by the Company, and $0.5 million in cash into Great Bear Royalties, which together will be the initial assets for a new royalty company. Great Bear will continue to focus on advancing the 100% owned Dixie Project, while Great Bear Royalties will allow shareholders to capture additional long-term value through the royalty interest.
Great Bear Royalties will not initially be listed on a public stock exchange but will operate as a reporting issuer. Great Bear Royalties will evaluate all strategic opportunities available to the company to enhance value.
Terms of the Arrangement Agreement
Great Bear has executed an arrangement agreement with Great Bear Royalties, whereby the business of Great Bear will be reorganized into two companies by way of a plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Great Bear shareholders will vote on the Arrangement at a special meeting of shareholders (“Meeting”) to be held on a date to be announced. To be effective, the Arrangement must be approved by a special resolution passed by at least 66?% of the votes cast by Great Bear shareholders present in person or represented by proxy at the Meeting, which shareholders are entitled to one vote for each Great Bear share held.
The Arrangement involves, among other things, the distribution of 100% of the common shares of Great Bear Royalties (the “Great Bear Royalties Shares”) to Great Bear shareholders such that each shareholder as of a particular date, immediately prior to closing of the transaction (the “Record Date”) will receive one share of Great Bear Royalties for each four common shares of Great Bear held as of the Record Date. It is anticipated that the closing date will occur in April 2020. Great Bear warrants and options will also be adjusted pursuant to the Arrangement as described in more detail in the information circular (“Circular”) that will be mailed to shareholders prior to the Meeting.
After careful consideration, the Board of Directors has unanimously determined that the Arrangement is fair to shareholders and is in the best interests of the Company. A description of the various factors considered by the Board of Directors in arriving at this determination will be provided in the Circular.
After closing of the Arrangement, Great Bear shares will continue trading on the TSX Venture Exchange in Canada under the symbol GBR, and on the OTCQX Market in the United States under the symbol GTBDF. Great Bear Royalties Shares will not be listed on any stock exchange after closing of the Arrangement, but the company will be a reporting issuer and will comply with its continuous disclosure obligations including press releases and financial reporting.
Grant of Stock Options
The Company also reports it has granted an aggregate of 710,000 stock options to employees, directors, consultants and advisors of the Company, exercisable at $8.67 per share for a period of five years. The options are subject to a four month hold period.
About Great Bear
Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 300 km2 of highly prospective tenure across 4 projects: the flagship Dixie Project (100% owned), and the Pakwash Property (earning a 100% interest), the Dedee Property (earning a 100% interest), and the Sobel Property (earning a 100% interest), all of which are accessible year-round through existing roads.
ON BEHALF OF THE BOARD
“Chris Taylor”
Chris Taylor, President and CEO
Investor Inquiries:
Mr. Knox Henderson
Tel: 604-551-2360
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca
Cautionary note regarding forward-looking statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.
Forward-looking statements and information include, but are not limited to, statements with respect to timing, structure and completion of the Arrangement, the transfer of assets from Great Bear to Great Bear Royalties, future growth potential for Great Bear and Great Bear Royalties, future mine development plans at the Dixie Project, anticipated benefits of the Arrangement, the timing and receipt of required shareholder, court, stock exchange and regulatory approvals for the Arrangement, the Company’s financial guidance and outlook.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; the impact of general business and economic conditions; the absence of control over mining operations from which Great Bear will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to any international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Great Bear or Great Bear Royalties; stock market volatility; regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.
Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Word is " the next webinar will be on Thursday, February 20th at 11:30 a.m. Pacific Standard Time."
Another poster got this in an email. I haven't gotten anything yet.
They've changed their strategy for releasing results and they're planning on releasing them in larger batches, but less often.
Chris Taylor says they're expecting to complete 250 to 350 holes this year.
http://www.kereport.com/2020/02/01/hour-1-treasuries-and-precious-metals-a-long-term-perspective/
GTBDF buy 6.62
https://www.greatbearresources.ca
Yahoo finance has a good intro writeup:
https://finance.yahoo.com/quote/GTBDF/profile?p=GTBDF
Barchart includes a quick actionable summary that is backed up with features for the more technical:
https://www.barchart.com/stocks/quotes/GTBDF
normal chart
log chart
normal chart
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In July 2017, the company entered into a purchase agreement with Newmont Mining to acquire Newmont’s 33% stake in the project for $80,000 in total cash payments over 4 years.
In September 2017, the company acquired an additional 26 minerals claims and today the Dixie property covers 9,140 hectares.
In November 2018 Great Bear completed the purchase of 100% royalty -free interest in the Dixie Gold Project, Red Lake Ontario.
At the Dixie Project, gold mineralization is confirmed along a 2.3 km strike of a 10 km target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold and 7.00 metres of 68.76 g/t gold and is open along strike and at depth.
The above results prompted a $6 million investment by Rob McEwen and McEwen Mining, as part of a $10 million financing completed in September 2018. Combined with historical drilling, over 198 drill holes for 30,000 metres have been completed at Dixie. In March of 2018 Great Bear commenced a 10,000 metre drill program, of which results from 5,000 metres in 23 holes had been reported as of August with an additional 5,000 metres underway.
2019 Drilling Highlights to Date:
Hinge Zone
DHZ-014 – 0.70 m of 1602.73 g/t Au
2018 Drilling Highlights:
Hinge Zone
DHZ-003 – 16.35 m of 26.91 g/t Au
-Incl. 5.05 m of 51.39 g/t Au
-and Incl. 1.0 m of 112.63 g/t Au
DHZ-004 – 7.00 m of 68.76 g/t Au (15 m vertically below DHZ-003)
-Incl. 2.00 m of 228.27 g/t Au,
-Incl. 1.00 m of 302.48 g/t Au
DHZ-002 – 17.18 g/t Au over 1.7m
-Incl. 46.3 g/t Au over 0.60m
DHZ-001 – 10.15 g/t Au over 1.25m
Hanging Wall Zone
DL-005 – 10.40 m of 16.84 g/t Au
DL-009 – 12.41 g/t Au over 1.5m
-Incl. 30.20 g/t Au over 0.55m
DLZ 1.6km Step Out
DNW-001 – 12.74 g/t Au over 1.7m
Geology at Dixie:
Dixie is a typical Archean mesothermal gold vein system located approximately 20-25 km from significant mines that share the same geological and metallogenic characteristics (Red Lake, Madsen and Rahill-Bonanza). Dixie hosts a series of mafic-felsic sequences within the Red Lake Greenstone Belt. Significant folding and thinning of the greenstone lends itself to enriched zones of gold mineralization.
2017 Drilling Highlights
In 2017 Great Bear completed an 8-hole, 1,000 metre drill program at Dixie. Highlights include:
Dixie Limb Zone
DL005 – 10.40 m of 16.84 g/t gold including 1.05 m of 130.10 g/t gold
DL004 – 6.30 m of 5.56 g/t gold including 1.0 m of 8.33 g/t gold
DL001 – 4.60 m of 4.07 g/t gold including 0.50 m of 10.50 g/t gold
DL003 – 13.75 m of 2.11 g/t gold including 1.5 m of 5.42 g/t gold
Examination of historic work on the project by Company geologists have identified several inconsistencies in the database that led to an underestimation of gold grades. The Company continues to evaluate this and test the exploration potential created by the structural folding of the mineralization sequences, which lend themselves to the formation of higher grade ore shoots.
Drilling highlights from the historical database include: 2.2 m at 17.2 g/t gold in hole DC-08-01R; 4.6 m grading 9.75 g/t gold in hole DL-04-04; and 1.97 m grading 17.77 g/t gold in hole DL-89-9.
While the project has an extensive history of exploration, Great Bear believes it’s new interpretation of the geology and structure should allow for a much more focused exploration program on these higher grade shoots as well as testing parallel zones that have been identified as a result of the compilation studies of the extensive historical data available. Recent drilling, announced September 7, 2017, has led to a better understanding of the structural and geological relationships of high-grade gold at Dixie Lake.
Click here to add your own textIn August 2017, Great Bear signed a purchase agreement to acquire 100 percent ownership of an expanded West Madsen gold project in the Red Lake Gold District. The total remaining payments to acquire a 100% interest in the West Madsen property is $124,000 over four years plus payment of 100,000 common shares of Great Bear. All royalties at the Madsen project are being purchased for payment of 200,000 common shares of Great Bear.
The project comprises two claims blocks, the easternmost (Block ‘A’) is now directly contiguous to Pure Gold Mining’s Madsen property; each block is roughly six kilometres by three kilometres in size, for a total area of 3,860 hectares.
The West Madsen project is a newly identified geological continuity of the greenstone belt within the Balmer and Confederation assemblages, which are host to the adjacent historical Madsen and Starratt Olsen mines. Results from neighboring Pure Gold’s Madsen project, reported September to November 2016, include 126.6 g/t gold over 3.7 metres; 34.0 g/t Gold over 11.0 metres; 25.4 g/t gold over 8.0 metres; and 76.0 g/t gold over 2.1 metres. Recent logging road construction has opened the area to cost-effective exploration for the first time. Great Bear’s next step on the property is an initial exploration program of mapping and sampling and geophysics towards defining priority drilling targets.
Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained on this website.
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