Goff Corp. (OTC:GOFF) Could See Some Action Today
Goff Corp. (OTC:GOFF) may have a more active session today, after a press release at the close yesterday. On the other hand Friday’s are rarely particularly active days.
GOFF went through something of a breakdown around 1 pm yesterday, going as low as $0.295, but by the close it had recovered, and closed just 2.51% down at $0.33 per share, on nearly 20 million shares.
After the close, the company issued a press release. GOFF said it had received a NI43-101 compliant report on the “La Frontera” project in Colombia. Supposedly, the property may contain two types of low-grade, bulk tonnage mineralization.
At first blush, this may look like great news, however, it’s not yet clear what reserves there are, if any, nor is it clear whether GOFF has an economically viable way of retrieving whatever gold may be found.
Awesome Penny Stocks’ (APS) previous pump job – Swingplane Ventures, Inc. (OTC:SWVI) had a NI43-101 compliant report too. Such reports can often help build up confidence, but as you can see from the chart of SWVI they are not enough to support a heavily inflated stock price.
In addition to the APS group of newsletters, the other outfit actively touting GOFF is Victory Mark Ltd. It will be interesting to see if that will influence the longevity of the pump. While APS pumps often run for weeks before crashing, Victory Mark’s recent track record looks much worse.
Back in December 2012, Pub Crawl Holdings, Inc. (OTC:PBCW) ran for just about 5 sessions, and it was not much of a run really. The following pumps on VuMee, Inc. (OTC:VUME) and Red Giant Entertainment, Inc. (PINK:REDG) didn’t do much better.
The situation with GOFF is unique in the recent history of both pumper parties. While it’s moving faster than most APS pumps, there is a chance the Victory Mark involvement may cause GOFF to crash faster. There is no way to be certain about the outcome, at this point. GOFF is not suitable for novice investors and those who are looking for a long term deal.