Bullboard - Stock Discussion Forum Goliath Resources Ltd V.GOT

Alternate Symbol(s): GOTRF

Metals & Mining Industrial Metals & Minerals

Goliath Resources Limited is a Canada-based junior resource exploration company. The Company is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. The Company owns 100% of the Golddigger property that covers an area of 52,756 hectares. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden... see more

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TSXV:GOT - Post Discussion

Goliath Resources Ltd > The financing PUMP is OVER

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Post by ArtofTheSteal on Dec 05, 2024 11:46am

The financing PUMP is OVER

And now all that is left are a bunch of bids down in the .90s and .80s which is exactly the discount allowed.

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Comment by Iwant2Retire on Dec 05, 2024 11:54am

What does that mean? Discount allowed?

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Comment by ArtofTheSteal on Dec 05, 2024 2:55pm

yes....there can be a 15% discount to market price appilied to any financing. whoever is buying the financing is selling stock in the market to pay for it and getting in on the deal at .88 plus cents. So any market buyers higher than .88 are just paying for some big players to get in on a financing at a cheaper price than market. you buy from them at $1.03, they use that money to buy the ...more

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