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Generic Gold Corp C.GGC

Alternate Symbol(s):  GGCPF

Generic Gold Corp. is a Canadian mineral exploration company focused on gold projects in the Abitibi Greenstone Belt in Quebec, Canada and the Tintina Gold Belt in the Yukon Territory of Canada. The Company’s Yukon exploration portfolio consists of VIP Property (located in the Whitehorse Mining District), and other properties located in various regions of the Yukon Territory, Canada. The Company owns the rights to explore eight gold properties in the Yukon Territory of Canada. It owns four blocks of claims (the Belvais Project) in the Abitibi region of northwestern Quebec, proximal and to the east of the town of Normetal. The Project consists of approximately 278 mineral claims covering 8,148 hectares (ha) of prospective Archean stratigraphy of felsic through to mafic volcanic rocks, sediments, and numerous intrusions of varying age and compositions. The Company owns an additional block of about 109 mineral claims located near the town of Normetal, Quebec (the Des Meloizes Property).


CSE:GGC - Post by User

Post by lifegoesonon Jul 23, 2021 10:09am
167 Views
Post# 33595639

Shorts - Chucker

Shorts - ChuckerChucker, from my experience, this is a game the warrant and option holders play with these penny resource stocks. First a promotion occurs and the price runs up, as in this case, GGC financed at higher prices. Then they begin to short, knowing fully they can cover at anytime. It can be brutal for the little guy with no leverage, they just continue to load the sell side since to short there needs to be an uptick, this then scares people into selling and down goes the price like yesterday (and since the PP some time ago). Guess what, they then cover below from whatever short they managed to capture and then start again, that is why there is generally so many shares that trade. The farther they can push the price down like yesterday, the more money they make. Then suddenly they have all covered when they know news is coming and they get on the bid. The good part is everyone wins when the price runs on good  news. So in the case of GGC, with money raised at higher prices, they know the support from the big guys will be there to run the price. It is a game played all the time, for little shareholders like us without warrants or options, we can't play that game because for us to short it could be diasterous with a halt and higher price after the halt, thus trapping us. Only the warrant and options holders win in the short term I am afraid, so if you believe, you have to hold during this very, very difficult time. The best strategy is to buy at lower prices and average down if you truely believe. I bought more. By the way, they just extended warrants for another year today, go figure, they can't loose....!!!!!
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