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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

Post by Goldman1801on Apr 01, 2021 2:46pm
211 Views
Post# 32924291

As predicted

As predicted Right where it should be, single digits and valuation below BTU. Caused by dilution, immaterial news, zero results and confidence in management from the market. Seriously turning into a pig in lipstick as someone mentioned last year. Probability of success is declining, IMO if GNG turns out dusters on these next holes, drop to 5 cents. Will be very hard to raise more funds and the dilution will be even more intense. Gut feel for pending holes is not good, as much as you want the results it's also frightening as what that will do to share price. All past drill cores were predicated on some sort of "excitement" from preliminary work. These current holes are no different, something "exciting" but as history has shown us, it never materializes. For the sake of long term holders, hopefully something good comes out and not some new "exciting" anomaly with the dusters assays buried within the story..... but if history is any indication, it's not looking good......
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