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Goliath Resources Ltd V.GOT

Alternate Symbol(s):  GOTRF

Goliath Resources Limited is a Canada-based junior resource exploration company. The Company is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. The Company owns 100% of the Golddigger property that covers an area of 52,756 hectares. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity. The Golddigger Property consists of contiguous mineral claims located approximately 30 kilometers southeast of Stewart with tidewater access on Hastings Arm in the Golden Triangle of Northern British Columbia. The Luckystrike Property is located 40 kilometers north of Terrace, British Columbia. The Company also owns a 10% interest in the DSM Syndicate projects. It has six mineral claim blocks under Goliath’s Nelligan East Project and Nelligan West Project.


TSXV:GOT - Post by User

Bullboard Posts
Post by marsman1on May 07, 2019 5:14pm
122 Views
Post# 29721865

Financing

FinancingIt was pointed out on another board that raising money for junior miners is down 50% to 80% in the past several years. I think it is a great testiment to the Goliath team that they were able to raise money in this bad environment. Even more impressive is the  fact that investors are willing to pay 9 and 10 cents per share when the stock is trading at 7 cents. Yes they get warrants but the warrants are  around 20 cents. So IMO the investors , unlike the penny flippers , are willing to have patience and I also think they are looking at the properties , Lucky Strike in particular , where gold was discovered In 1884 , and saying to themselves , "I know there is gold there , now all they  have to do is find the source of all the gold"  It's not IBM but it sure is a good shot. JIMO.
Bullboard Posts