Golden Goliath Resources Ltd V.GNG

Small financing being done........................

[ggrellette]

today to most probably complete the drilling. Maybe they should have done financing 5 or six months ago when the stock was much higher. Excellent move but without drill results it does nothing for the share price.

[JPSPRES]

We have always had enough cash for 6,000 m of drilling. We decided to do IP, lake seds and 2,000 m of ADDITIONAL drilling on the lake targets. That will cost $580,000. In December we raised about $360 k.  Now we have the balance plus a little extra for infill drilling.  So the program is now 8,000 m rather than 6,000 m. 

[ggrellette]

Like I said JPS it was an excellent move but if it was done at higher levels more for the buck. I realize it is pay as you play game but forsight for vision works extremely well and it usually allows for more money in the treasury.

[radcat]

Increasing drilling from 6,000 to 8000 m suggests there is something in the geology that warrants spending extra cash to drill a further 2,000 m. Its not a decision made by throwing a dart. Something is telling the crew to drill ADDITIONAL!  

[Goldman1801]

Trying hard to be positive but this stock just keeps churning out zero positive share price news that it makes it very hard to do. I don't think anything has generated any type share price appreciation since the pristine gold grain news (that was almost a year ago). I think the market is getting tired of these "updates" and "news". Everyone trying hard to read deep deep

[Goldman1801]

Even the regular cheerleaders have disappeared..... probably just exhausted and tired from being let down over and over and over and over again.

[Goldman1801]

Dilution from equity raises will also add to the pain. The peak and near peak buyers are seriously stuck. Hopefully they can still call this a "long term investment" and not a "write off"

[ggrellette]

I get why the decision was done and I am okay with that. What I am referencing is NO drilll results = NO SP movement higher