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Galleon Gold Corp V.GGO

Alternate Symbol(s):  PNCKF

Galleon Gold Corp. is a Canada-based advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The West Cache Gold Project is located approximately seven kilometers (km) northeast of Pan American Silver’s Timmins West Mine and 14 km southwest of Newmont’s Hollinger Mine. The land package totals approximately 10,370 hectares (ha) and consists of a mining lease, mining licenses of occupation (MLO), patent claims and mining claims. Its Golden Trove Project is a high-grade gold-dominant vein system. It is located approximately 27 km southeast of Boise, Idaho. Golden Trove private property consists of about five patented mining claims covering approximately 22.4 ha and another seven unpatented lode claims covering about 52.6 ha located on Forest Service administered public lands. The additional properties in the Company’s portfolio include Eastford Lake, Golden Harker, West Cache Ogden, and West Cache Price.


TSXV:GGO - Post by User

Post by GoneBrokeon Jan 25, 2024 12:56pm
133 Views
Post# 35845304

What is the meaning of this slow steady rise ?

What is the meaning of this slow steady rise ?Well , very nice to see this slow steady rise in share price !
It's a curious rise ... low in volume but steady upward in nature .
What could it mean ?
A couple of things come to mind .
Perhaps , it's being artificially manipulated upward to encourage the warrant holders to purchase their warrants , or could it be that there will be another another finance offering to help finanace the eventual bulk sample associated buildout costs and they need the share price higher prior to financing .

But here's what I'd like to think it is : 
There could quite possibly be a " Partnering " about to be announced in conjunction with the' bulk sample permits' we're waiting on .
It's not a stretch to think that GGO will partner with a miner in close proximity  to help with the bulk sample buildout. 
This mining" partne"r may be ready to put a "buyout" offer to GGO , on the condition that the results of the  bulk sample proves out ( that 22,000 ounces of gold are recovered )

Perhaps , there has been a very small leak of this inside information and this is why there is slow steady rise in share price because these poeple are getting ahead of any announcement and buying cheap shares.

All speculation on my end here but I thought I'd add something interesting to this sorry board we have .
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