Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Generic Gold Corp C.GGC

Alternate Symbol(s):  GGCPF

Generic Gold Corp. is a mineral exploration company focused on gold projects in the Tintina Gold Belt in the Yukon Territory of Canada and the Abitibi Greenstone Belt in Quebec, Canada. Its Quebec exploration portfolio consists of four properties (the Belvais Project) covering about 12,563 hectares (ha) proximal to the town of Normetal, and east of Amex Exploration’s Perron project and the past-producing Normetal mine. The Project is comprised of about 278 mineral claims covering approximately 8,148 ha of prospective Archean stratigraphy of felsic through to mafic volcanic rocks, sediments, and numerous intrusions of varying age and compositions. It owns an additional block of 109 mineral claims located near the town of Normetal, Quebec (the Des Meloizes Property). The Des Meloizes Property is contiguous with its Belvais Project and comprises approximately 4,415 ha. Its Yukon exploration portfolio consists of several projects with a total land position of greater than 35,000 ha.


CSE:GGC - Post by User

Post by lifegoesonon Jul 23, 2021 10:09am
113 Views
Post# 33595639

Shorts - Chucker

Shorts - ChuckerChucker, from my experience, this is a game the warrant and option holders play with these penny resource stocks. First a promotion occurs and the price runs up, as in this case, GGC financed at higher prices. Then they begin to short, knowing fully they can cover at anytime. It can be brutal for the little guy with no leverage, they just continue to load the sell side since to short there needs to be an uptick, this then scares people into selling and down goes the price like yesterday (and since the PP some time ago). Guess what, they then cover below from whatever short they managed to capture and then start again, that is why there is generally so many shares that trade. The farther they can push the price down like yesterday, the more money they make. Then suddenly they have all covered when they know news is coming and they get on the bid. The good part is everyone wins when the price runs on good  news. So in the case of GGC, with money raised at higher prices, they know the support from the big guys will be there to run the price. It is a game played all the time, for little shareholders like us without warrants or options, we can't play that game because for us to short it could be diasterous with a halt and higher price after the halt, thus trapping us. Only the warrant and options holders win in the short term I am afraid, so if you believe, you have to hold during this very, very difficult time. The best strategy is to buy at lower prices and average down if you truely believe. I bought more. By the way, they just extended warrants for another year today, go figure, they can't loose....!!!!!
<< Previous
Bullboard Posts
Next >>