RE:Tidbits for GOT Goliath Resources Ltd V.GOT Yesterday, Roger Rosmus's Goliath Resources Ltd. (GOT) applauded word that its geologists have viewed gold in drill core from the Surebet area of its Golddigger project, in the Golden Triangle district of northwestern British Columbia. Today, the company said it hopes to soon eyeball another $10.11-million in cash in its treasury. The company is offering 3.73 million charity flow-through shares at $1.975 apiece, which would raise $7.37-million. The other $2.75-million will come from the sale of 1.91 million regular flow-through shares at $1.44 each.
Mr. Rosmus, the company's founder and its chief executive officer, has been busy as a squirrel building an ample supply of nuts to ride out the winter. A month ago, he set out to raise $3-million but just days later he more than doubled the ask to $6.5-million. The company said two weeks ago that it had closed a $5.4-million first tranche, including $2-million from a "strategic Singapore-based global commodity group" that agreed to buy 1.6 million shares.
Through all the tranches and upsizings of late, it is unclear which placement is which. Suffice it to say that Mr. Rosmus and his crew look to be busy beavers at Golddigger for some time to come. Goliath has been producing some eyebrow-raising assays from Surebet and Golddigger over the past year, including 64.88 grams of gold and five grams of silver per tonne over 7.9 metres. As a result, Goliath's stock has grown in value from 53 cents in the spring of 2023 to a recent high of $1.37. Goliath lost two cents to $1.24 on 226,000 shares today.