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Bullboard - Stock Discussion Forum Golden Goliath Resources Ltd V.GNG

Alternate Symbol(s):  GGTHF

Golden Goliath Resources Ltd. is a Canada-based junior exploration company. The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company’s Canada properties include Quebec, and Wish Ore. Queb includes Victory 21 Property, Citadell Property, Bedard Property, and Ernest Property. The Victory 21 Property includes... see more

TSXV:GNG - Post Discussion

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Post by Goldman1801 on Apr 01, 2021 2:46pm

As predicted

Right where it should be, single digits and valuation below BTU. Caused by dilution, immaterial news, zero results and confidence in management from the market. Seriously turning into a pig in lipstick as someone mentioned last year. Probability of success is declining, IMO if GNG turns out dusters on these next holes, drop to 5 cents. Will be very hard to raise more funds and the dilution will be even more intense. Gut feel for pending holes is not good, as much as you want the results it's also frightening as what that will do to share price. All past drill cores were predicated on some sort of "excitement" from preliminary work. These current holes are no different, something "exciting" but as history has shown us, it never materializes. For the sake of long term holders, hopefully something good comes out and not some new "exciting" anomaly with the dusters assays buried within the story..... but if history is any indication, it's not looking good......
Comment by Bolivia on Apr 02, 2021 7:00am
This is why Great Bear passed on this property...only rocks
Comment by Yonexx on Apr 02, 2021 2:10pm
Goldman i hear you. Its getting moment of truth feeling. Chances are declining as time passes, yet we are only half way the 8000 meters with 2 duster holes in the prio east area. Some positive signs for those pending lake holes north and south, but past results make me nervous too.    
Comment by ggrellette on Apr 02, 2021 2:23pm
Moment of truth may have passed us by. I believe this is the 7 or 8 inmaterial news release without any drilling results that are good enough to show to the market. The market and its shareholders are loosing confidence in this company very quickly. Yes there is one or two entrench shareholders here who have been here for a very long time and will probably be still here after this goes bust. They ...more  
Comment by Yonexx on Apr 02, 2021 2:48pm
Stop complaining about non material news. Paul likes to inform, also because lots of shareholders like it. Though i do think last NR eg did not do good. We could have some anticipation rise untill assays. But in the end sp will react to assays so that would only benefit short term. Coming 8 holes are up ice from grains. Good geo. Who knows we get surprised in a golden way. Happy easter weekend ...more  
Comment by ggrellette on Apr 04, 2021 10:41am
If he keeps informing us about the same old stuff the market gets tired of it. I believe the market has seen enough and now wants, no it needs verification now. The fairy tale stories and the blue sky potential has run its course so now we need the meat(DR) enough of the stuffing.
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