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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 16, 2021 6:29pm
238 Views
Post# 33015705

Another uneventful week

Another uneventful weekSomething to think about regarding the last equity raise (or aka share dilution). Very small raise and at the lower end too. Was it an act of desperation to get funds at whatever low price they can get before it hits 2 cents? In any event when you compare this to other juniors it really gives a sense of scale on how much of a small production GNG is. Land holding, equity raises etc etc. I think cheerleaders and management use to talk about how many holes it takes to find gold - concerning thing is this property is a dwarf in comparison to btu and gbr and interests from investors for additional drilling seems to be on the decline. No money, no drills. End of story. The other really big issue is the lack of results, they can't find anything, empty words zero results, good at talking not good at performing. These last holes might be an be-all end-all.... cross your fingers and toes.... however the lack of sucess these guys have - its unlikely... hence bottoming share price.
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