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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (7957)	4/28/2002 2:26:35 PM
From: brian krause	Respond to of 11802

Al, a post from SH re: your pick. Interesting and long awaited news from Golden Goliath (V-GNG). Yesterday they announced they were drilling their 3rd hole on their Corona property and also that they had uncovered a new target area. Today, they announced a private placement for $600,750 with shares at 0.45 cents and an attached warrant good for 18 months exerciseable at 0.50 within 12 months or 0.60 within 18 months. Details of the placees reads as follows: The placees are Agnico-Eagle Mines of Toronto, Ont. ($500,400), and a United Kingdom investor ($100,350). Agnico-Eagle has been a shareholder of Golden Goliath since its initial public offering in October, 2000. The company is pleased with this continued show of confidence and will use the additional finances for the expansion of the drilling program now under way on its 100-per-cent-owned Uruachic gold-silver properties located in Chihuahua, Mexico. It should be noted that drilling at Uruachic has been woefully slow. They were using diamond drills and water supply was a constant problem. Their contractor experienced many problems. Interesting to note, drilling was delayed getting underway at Corona. They started drilling with an RC drill mid-last week. Already three holes are complete. Meanwhile, we heard a placement was planned in early March and likely to be announced that month. It wasn't. Now near the end of April, this placement is suddenly confirmed with Agnico whose President is a GNG board member.... and AFTER 3 holes are complete. Is this a coincidence? Considering GNG's chart below and recent developments, looks like a very strong buy signal. (note: this writer holds GNG shares)