Golden Ridge Resources Ltd V.GLDN

Alternate Symbol(s): GORIF

Metals & Mining Industrial Metals & Minerals

Golden Ridge Resources Ltd. is a Canada-based exploration company engaged in acquiring and advancing mineral properties located in British Columbia and Newfoundland. The Company's projects include Hank Project and Williams Project. The Company owns a 100% interest in the approximately 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometers (km) north of Stewart, British Columbia and has a portfolio of exploration projects in Newfoundland. The Company owns a 100% interest in the approximately 1,552-hectare Williams gold property, which is located approximately 45 km west of Gander, Newfoundland and Labrador.

TSXV:GLDN - Post by User

Golden Ridge Resources Ltd > Low Float! Very Explosive and extremely tight.

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Post by DanMahownyon Mar 05, 2023 10:07am

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Post# 35319872

Low Float! Very Explosive and extremely tight.

I love that retail is essentially getting a 50% discount since the last Private Placements were $.27 and the one before that was $.25, with Uncle Eric taking 11M. IMHO it goes back to those levels quickly on speculation. If they hit I think the next consolidation levels will be .50-.75 before going up from there. Investors forget that this share structure is so tight, the float is so low. 58M fully diluted and only 42M outstanding! Big players hold most of those. It's quite possible this won't be a penny stock much longer.... When big players own the entire float it can be walked up fairly easily and fast. Thats all enjoy your Sunday!

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