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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 JPSPRESon Jan 18, 2013 10:08am
233 Views
Post# 20855928

RE: RE: RE: j . . . b. . . Y

RE: RE: RE: j . . . b. . . Y

That statement applies to all exploration companies which do not have operating mines that generate a positive cash flow  and depend on raising money in order to continue their work in the future. Unless they are able to finance, all exploration companies are in the same boat.  Auditors always cover their butt.

<"there can be no assurances that sufficient funding, including adequate financing, will be available
to complete the exploration of its mineral properties and to cover general and administrative expenses necessaryfor the maintenance of a public company. The ability of the Company to arrange additional financing in the future depends in part, on the prevailing capital market conditions and mineral property exploration success. ">

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