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Golden Goliath Resources Ltd V.GNG

Alternate Symbol(s):  GGTHF

Golden Goliath Resources Ltd. is a Canada-based junior exploration company. The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company’s Canada properties include Quebec, and Wish Ore. Queb includes Victory 21 Property, Citadell Property, Bedard Property, and Ernest Property. The Victory 21 Property includes about 18 map claims, 10 pending claims over 1200 hectares. The Citadell Property, Bedard Property and Ernest Property are located in Central Quebec, stable modern mining jurisdiction, which includes about 24, 22, and 34 map claims. The Wish Ore Property is located 60 kilometers north of Sault Ste Marie.


TSXV:GNG - Post by User

Comment by contrainvestoron Jun 23, 2007 9:32am
209 Views
Post# 12988623

RE: Down,Down Down She Goes

RE: Down,Down Down She GoesI am new to this stock, but I think it is way too early to trash this stock. I think this upcoming drill program is make or break time for the stock. When you have as big a land package as these guys have, there is alot of preliminary work that needs to be done to identify the best targets. They did a really big raise this time around because they must feel they have good targets to drill and they want to drill them aggressively. They will not need to raise any money for a while, and if the drill program is successful, their next raise will be at much higher prices. Bottom line, if Agnico and Sprott were willing to increases there already sizeable positions in the company at $0.40, who am I to turn down an opportunity to do the same. The summer doldrums is always a good opportunity to pick up these forgotten stocks as they drift lower, but there is always the chance to be left behind if the big news release comes out. Cheers.
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