Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (9610)	3/19/2002 1:22:06 PM
From: Davy Crockett	Respond to of 36161

Hi Frank, Based on the ADX (not shown) I would stay away from this stock. ADX suggests that the downtrend is gathering strength & the fact that it broke down past all its MA's definite negative IMO stockcharts.com Regards, Peter edit: ADX... bigcharts.marketwatch.com

To: Frank Pembleton who wrote (9610)	3/19/2002 1:26:57 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

GNG support @ C$.35 askresearch.com

To: Frank Pembleton who wrote (9610)	3/19/2002 4:20:24 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

<<BTW, did you ever find out how much cash they have? >> Without calling the company directly the latest documents I could find states they had 1.6 M in cash. Another document stated they budgeted 1M for drilling.... "At the beginning of November Golden Goliath launched the second phase of the Uruachic exploration program, the diamond drilling phase. The drilling program has a budget of $1 million, with about 20 to 24 holes planned, and will take 5 or 6 months to complete. The Company has plans to drill four of the five properties in this first round of drilling. This will be the very first time any of these properties will have been drilled. It has been difficult to rank these four properties as to potential, as each one has various factors in its’ favour. We have decided to drill them in logistical order with respect to moving the drilling equipment around the camp." sedar.com sedar.com I'm not that great with annual reports. How much have they used to drill 8 holes? don't know. Not anyway close to 1M. I just can't see that. You are right about the trend. It appreared to tighten up and I misjudged it. thought I would catch the bounce. considering the next move right now. All is not lost! Wayne