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I'm on the fence. There's just not enough volume and liquidity in this stock to make me want to lock up my money. I still think it's a great long-term play. If they uplisted, I'd jump in an a heartbeat. Check out the 3 year chart on FTK. They were trading at $1 back in July 2010 and now trading at $16. They are very similiar to ESPI in that they are a chemicals supplier to the oil & gas industry. I think ESPI PPS could see this success if we see profitability and an uplisting.
Some encouraging comments:
News Release
Samples From Goff Corporation's Subsidiary Golden Glory Resources' Property Confirm Mineralization; Indicate Excellent Potential For Deeper High Grade, Marmato-Type Gold Source
Goff Corporation subsidiary Golden Glory Resources S.A. reports excellent potential for Marmato-type mineralization on its La Frontera Gold Project. Marmato Mountain, also in Caldas District, Colombia, is on record with over 14.2 million ounces of gold and 89,000+ ounces of silver.
MEDELLIN, Colombia, March 28, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (GOFF) wholly owned subsidiary Golden Glory Resources S.A. reports that samples gathered as part of the Company's initial exploration on its La Frontera Gold Project in Department of Caldas, Colombia are confirming the mineralization type on the sampled areas and may indicate excellent potential for a deeper, high grade gold source. This new model could increase potential resource value by a multiple of ten times the original targets.
Golden Glory Resources is developing a comprehensive exploration program for its La Frontera Gold Project in Colombia. In the preparatory groundwork and data collection, previous assay records were gathered, tabulated and combined with small samples from the alteration zone and a mineralized quartz vein on the property. While both samples confirmed gold values consistent with the model being developed for large tonnage, low-grade gold and silver targets, the vein sample showed the presence of path elements such as As, Ba, Cu and others. Considering the porphyritic environment, consultants believe it is possible to expect a large tonnage, low-grade type of deposit and may have potential to intersect a bonanza zone where grades could be higher in the 10x magnitude.
A similar model has been developed at Marmato Mountain also in the Caldas, Colombia District, which has measured, indicated and inferred resources of over 14.2 million ounces gold and 89,000+ ounces silver.
The details of the initial samples and geological background are contained in the NI43-101 Technical Report "Technical Report on the LGC-15011 Project, Aguadas, Caldas Department, Republica de Colombia" for Golden Glory Resources Inc., May 1st, 2013" was prepared by Ricardo A. Valls, P. Geo, of Valls Geoconsultant. Mr. Valls meets the requirements to be a qualified person for the purposes of NI 43-101, and the technical report has been prepared in compliance with the instrument.
Goff Corporation President Warwick Calasse states, "As we build our understanding of the geology and mineralization on the La Frontera Gold Project, we are reviewing data and processing the models that could help in our approach. The current data is consistent with the low-grade, bulk tonnage gold that is present, but we are incorporating the additional perspective that adds the potential for a deeper, high grade gold source --a Marmato-type resource. This has been forwarded as a result of the additional samples, area geological assessment and interpretation from further review."
"We will pursue gold and silver wherever it may exist on our project, but the goal is always to develop a larger scale project with maximum value," Calasse adds.
The Company's geological and in country team has begun the task of preparing for Phase One ground exploration efforts to get underway.
The leases on LGC15011 or the "La Frontera Prospect" are comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Northern Colombia. Roughly 30% of the La Frontera property also straddles the Antioquia region. The Caldas and Antioquia regions are emerging as two of the leading gold producing areas in Colombia.
Awesome APS report on GOFF just released!! Read here:
Hi Everyone,
GOFF saw a spectacular performance on Friday closing at yet another new high of almost 46 cents. There is no doubt in our mind that comes Monday, GOFF will break 50 cents and start moving higher much more rapidly.
You see, GOFF has traded over 350 million shares since it went public and with a ton of investors scooping up shares every day there could be little shares left in the market for any new investors to buy. This leads to a much smaller float and a faster increase in price appreciation.
The momentum is about to continue this week as more investors uncover this gem.
GOFF could be on track to reach $4 as suggested by a recent CFA analyst.
Wall Street Doesn't Know this yet and When They Do Watch out Above...
GOFF has over 3,000 acres of prime gold land in Caldas, one of Colombia's most prized gold sectors. What most investors don't realize is that GOFF is among the very few public companies to be granted a rare mining license from the country's government.
From GOFF's NI43-101 report, "The mining concession contract LGC-15011 was registered in the National Mining Registry August 21, 2012 and expires on August 21, 2042."
How rare you might ask is to obtain a license to mine in Colombia? Read the below to fully understand how valuable GOFF's mining license is:
A report on Colombia mining stated: ". Between 1990 and 2001 in Colombia, 1,889 mining licenses were awarded (157 per year)..." The report further added that as of right recently about 20,000 applications for a license are still pending and still not yet approved.
How long would it take for a new mining public company to get a license when in the past only 157 per year were granted? Quite a while. Let's not forget that Colombia offers copper, coal, silver, and other mineral properties which means getting a license to mine gold might be even be harder to obtain then most people think.
GOFF has a clear head start with their mining license and this can only mean huge potential for early investors in GOFF. This also makes them a very attractive candidate for majors who wants to buy a huge property like The La Frontera with an existing license to mine!
Could GOFF be sitting on Billions of Dollar in Gold?
Just this past Friday, the Company announced that its La Frontera Gold Project sampled area may indicate excellent potential for a deeper, higher grade of gold source. This new model could increase potential resource value by a multiple of ten times the original targets.
Meaning GOFF believe to have found a quality of gold that is 10x more valuable then what they previously estimated. Things are starting to come together for GOFF and it doesn't surprise us that a recent analyst valued the La Frontera property at $2 per share, we could start seeing more interest while shares are still under a dollar.
The Company further stated in their press release: "A similar model has been developed at Marmato Mountain also in the Caldas, Colombia District, which has measured, indicated and inferred resources of over 14.2 million ounces gold and 89,000+ ounces silver." Basically the Marmato Mountain in Colombia could hold as much as $22 billion in potential gold reserve.
You might recall in our previous newsletters that Gran Colombia Gold currently has a project in Marmato that is expected to yield over 400,000 oz of gold starting in 2016. This would equate to over $642M. in potential gold value to be uncovered.
Should the La Frontera show any hint of holding that much potential, shares in GOFF could jump 3-4x in value. Gran Colombia had a huge run to $2.20 in the past even when its Colombia properties were not developed.
Wall Street Didn't See This As Well...
Like most mining stocks, investors buy based on the potential of the properties and based on future earnings. Mining stocks have proven to jump very rapidly in value at the hint of any large potential reserve. This could be the case for GOFF in the very near term as they continue to update shareholders. They are already hinting to the market that the La Frontera property could be very similar to the Marmato property which could be worth billions of dollars.
But more importantly, GOFF could be very undervalued right now when compared to some of its competitors in the industry:
B2Gold Corp (TSX:BTO) - Current market cap: 1.23B.
Continental Gold Limited (TSX:CNL) - Current market cap: 761M.
AngloGold Ashanti Ltd. (NYSE:AU) - Current market cap:910B.
Goff Corp. (OTCBB:GOFF) - Current market cap: 123M.
Value investors looking to be part of the upcoming boom of gold in Colombia could start loading up on GOFF in the near term. GOFF is clearly the most undervalued company when compared to the market cap. of other companies in the sector.
GOFF has shown a steady rise of over 5% every single day. Where will you be when it starts moving over 20% per day? We strongly believe that the momentum is about to get into a faster gear and you will want to be apart of it.
Your AwesomePennyStocks Editor.
Up 70%!
I don't think it's too late. This runs past 60 next week.
They're going to run this up into the weekend. Announce some big news over the weekend as they've indicated. Get ready for next week!
Yep. I agree. Setting it up for news over the weekend and next week
Yea. About 30 minutes ago. And that's what I'm thinking also.
"Stay tune for more updates on GOFF this weekend. We have found something that the market has not yet realized on this Company and once they do shares could quickly rise...."
Your AwesomePennyStocks Editor.
APS Email:
Hi Everyone,
GOFF continues to rise today and is about to breakout again soon. This could be your last chance to add to your position under 50 cents before we go into the long weekend. We will send an extensive report on GOFF this weekend which should spark even more interest on Monday.
At this rate, GOFF is about to quickly soar past $1 next week and start moving towards the $4 price target that a recent CFA analyst gave. We strongly believe GOFF has the chance to quadruple in the very near term and members that are part of it will be greatly rewarded.
B2Gold Corp. just announced today that: " Based on current assumptions and the potential development of the Gramalote Project (in Columbia), the Company's gold production has the potential to reach over 700,000 ounces annually in 2017."
Those are impressive numbers that could yield over 10 billion dollar USD in gold recovery. B2Gold has not even started uncovering this massive billion dollar gold project but currently trades over $3 with a market cap of over 1 billion dollar.
What do you think will happen when GOFF starts revealing their numbers? Shares in GOFF could jump 3-4x in value in our opinion.
With a current market cap of about $123M. we believe GOFF to be undervalued and could start rising rapidly in gains as it catch up with comparable in the Colombian mining sector.
Stay tune for more updates on GOFF this weekend. We have found something that the market has not yet realized on this Company and once they do shares could quickly rise....
Your AwesomePennyStocks Editor.
Taking the word "educated" out, I'm guessing $1.25ish
NICE!
Threat of war w/ North Korea + Europe banking crisis = GOLD UP!!
Yep. Typically 2-3 consecutive days of 15%-25% gains. I usually sell on day 2.
HAHA! "Waiting on that dip"...
It's the 27th... We're waiting Mr. Dugas....
Major Short Covering Ahead!!!
In our opinion, there are several market makers that are shorting GOFF in an attempt to bring the price much lower. Despite their efforts, the support level in the mid 40 cents to 41 cents seem to have stopped them from shorting GOFF.
As a matter of fact, we even saw a bid for 2 million shares at 41 cents leading us to believe that certain investors are looking to accumulate large amount of shares in GOFF.
As you can see from the intra-day chart, GOFF quickly bounced from a low of 40.5 cents to 42.5 cents within minutes of shorts finding out that the stock wouldn't go lower.
Millions of shares were purchased by smart investors that were looking to get into the dip. At the same time, millions of naked shares were also sold in the market by short sellers.
It is our opinion that those shorted shares will have to be bought back in the near term at much higher levels and could send GOFF to over $2 and potentially $4 as predicted by a recent analyst!
The momentum on GOFF is just getting stronger make sure to be part of it if you want to profit in the coming weeks!
Your AwesomePennyStocks
Needs to be moved to $1 ;)
The stock is only up about 70% since they released it. If they did let it crash at this point, they would lose alot of confidence from current and future APS members. Only 70% would be a huge disappointment. Especially with a $2 mill paid promo and coming off a 340% SWVI pick. Seems they have several more news releases coming from the company over the next week or so.
APS email just hit: Hi Everyone,
GOFF continues to advance on strong volume and reached an intra-day high of 43 cents today. GOFF has been showing amazing daily gains for investors that have followed this pick since day one. Rare are opportunities where investors can get a return on investment of over 70% within days. GOFF is a golden stock in the making and it is showing the market that it has so much more to offer.
We mentioned during the weekend that gold stocks usually trade on potential reserve, production numbers and on future earnings. Our perfect example was B2Gold Corp. which has properties in Colombia with one of them scheduled to produce as much as $600M. USD in potential gold in 2016.
BTO went on to soar almost 1,000% when it announced its projects.
As soon as GOFF starts unveiling its operational projects, its share prices could start an epic run and we could soon see GOFF trade in the $2-4 dollar range just like BTO did!
So far the Goff Corp. has released very soft news material to the market but with like any other mining companies we expect GOFF to release very substantial news in the near term. When potential reserve numbers starts being announced shares in GOFF could see a much more rapid ascension.
Members will remember that our last mining pick was very slow in the beginning but as soon as Wall Street got wind of it, it literally TRIPLE within a few weeks. We are more confident then ever that GOFF could be our next pick to quadruple.
The key here is to be patient and to wait...
You see mining picks take time to develop and to be uncovered by the general market. A small-cap company like GOFF is just starting to get notice and as every day passes by more and more investors, analysts, and traders are following the incredible potential of the La Frontera property.
Have you notice how steady GOFF keeps rising almost every day? This to us is a sure sign of a strong and quiet accumulation from investors trying to accumulate as many cheap shares as possible before any real rally starts.
With the current momentum and strong daily accumulation, we soon expect shares in GOFF to reach an infliction point where it could go parabolic and soar beyond everyone's expectations.
In our opinion, members will want to be part of that when it happens!
Your AwesomePennyStocks Editor.
Scratch that. Up 65%
Thanks for the useless info., I'm up 60%
Watch this hit .45. Piggyback that EOD buying on top of some after market or pre-market news.
News EOD, gap up tomorrow.
Yep. I'm really thinking this does go a little past $1. Even though I probably won't hold past $1. Just get too risky. Cost of seeing a 30-40% drop in one day just isn't worth holding.
Yea, I think they want this by close on Thursday. .43 today, .46 tomorrow, .50 Thursday.
Market closed on Good Friday?
Nothing like waiting until the last day to release the 10-k.
Only 10%? I'm up 60% on GOFF and over 100% on SWVI. If you're looking for 20-30% consecutive days, APS prevents that from happening until the week they dump. Too large of a % increase after consecutive days will cause a dump. They don't want this to happen 2 weeks in to the promo.
Yep. Get greedy... get burned.
Where else you going to get 8-10% in consecutive days? Be patient.
Good comments. The last VM related email I got was from Preferred Penny yesterday evening:
Today's pick is: GOFF
Hi Everyone,
GOFF had another great today reaching nearly $0.40 and showing every sign that it is ready to take off!
We expect a lot more coverage in the coming days on GOFF because Wall Street has not put this little gem on their radar yet. That is why it is not too late for our subscribers to consider taking part of GOFF or adding to their positions.
The momentum is expected to accelerate on GOFF with shares being accumulated every day by investors that see quadruple-digit profit in this company.
What do you think will happen when shares become less and less available? The price could jump $0.20-$0.30 cents at a time and this could happen with GOFF very soon.
In addition to this amazing momentum, an Editor from Fool.com also released a full report on GOFF yesterday and stated "La Frontera Property to Make GOFF Corportion a $2.00 Stock."
That could be an additional 500% for investors from the current levels!
We can’t get enough of Goff Corporation and it seems to us that they are in the perfect region to achieve maximum output.
Colombia could produce around 3 million ounces of gold in 2012, twice as much as the 1.57 million ounces produced last year and much higher than the 501,500 ounces produced in 2006. At today's spot gold price, the total projected production value would be more than $4.8 billion.
This is the dictionary definition of right place right time and we want our subscribers to take advantage!
Happy Trading!
PreferredPennyStocks.com
--------------------------------------------------------------------------------
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You know it
I honestly don't give a $hit where the other play is. This isn't a long term investment for me. Made 100 percent return on SWVI and I'm up 60 on GOFF. The stock is in play. Thats all that matters to me. Milk it while its hot
Hi Everyone,
GOFF had another great day gaining 7% on strong volume. If you haven't noticed yet, GOFF is trending up almost every single day since it first went public. Investors that followed us since day one are sitting on close to 70% in gains and counting.
The good news is GOFF is just starting to get notice and financial portals like Fools.com have just started covering our pick. Our last pick also saw a ton of coverage from forbes.com, zacks.com and many other financial news outlet before it skyrocketed 480%.
We expect a ton more coverage to unveil on GOFF because Wall Street has not put this little gem on their radar yet. That is why it is not too late for our members to consider buying GOFF or adding to their positions.
The report from Fools.com released yesterday is already talking about GOFF being valued at $2 per share. Leaving potential gains of 400%+ still up for the grabbing.
The momentum is expected to accelerate on GOFF with shares being accumulated every day by investors that see quadruple-digit profit in this company.
What do you think will happen when shares become less and less available? The price could jump 20-30 cents at a time and this could happen with GOFF very soon. We haven't seen gains of 40%-50% in a day yet but we have a feeling that the buying pressure we are seeing so far could push GOFF to a whole new level.
Analysts are all starting to take notice of GOFF!
Another report released today stated that GOFF is a "money making opportunity that could make its investors a fortune". The report further stated that the La Frontera property has over 3,000 acres of prime gold land. The property is surrounded by close to 20 competitors that could start bidding for the La Frontera as gold properties become more scarce.
Should a buyout rumor circulates, shares in GOFF could triple instantly. Major mining corporations are ALWAYS looking to buyout gold properties that hold huge potential and the La Frontera property could just be it.
Examples of previous BUYOUT in the mining sector include:
Newmont Mining (NEM) bought tiny Frontier Gold (FRG) for an astounding $2.3 billion.
Aurico Gold Inc. (AUQ) acquired Northgate Minerals Corp. (NGX) for a knee-bending $1.3 billion.
Privately owned EBX Group bought Ventana Gold Corp. (VEN) for a cool $1 billion.
With a lot more updates expected from Goff Corp., members that are considering GOFF at these levels can still stand the chance to make great profits as shares continue to be heavily accumulated every day.
Your AwesomePennyStocks Editor.
No. I just couldn't continue sitting here watching management play a passive role on the share price. I understand their big picture; issue shares to finance growth in the company's early stage then, they'll probably do a reverse split to uplist to a larger exchange. The overall market is going up. So there are opportunities else where to make money instead of putting it here for now. I've definitely kept up with the company. I will buy back in once i see profitibility and more attention to the share price.
Release that damn 10-K already!!
Motley Fool Article on GOFF:
La Frontera Property to Make Goff Corp A $2 Stock
By MikeTodd55 - March 24, 2013 | 0 Comments
Share on emailEmailShare on printPrintTweetMike is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
After tripling in the 5-year period from 2006 to 2011, gold has been consolidating, trading in the $1600/oz to $1800/oz range over the past 18 months. However, the next leg up may occur soon as the price of gold has been gaining some momentum and now is up 3 weeks in a row. There are different ways to play this break out including the Gold ETF (NYSE: GLD), gold bars, or equity investments in gold miners. As a side note, gold miners tend to benefit from rising gold prices, at least those that maintain full exposure to gold prices. Those companies that hedge gold prices see their downside as well as upside limited in regards to gold prices.
Market participants have a lot of information to pour through when looking at equity investments and gold equities are no different. There are gold majors. There are mid-tier gold companies. There are junior gold miners. All provide different risk/reward payoffs. An example of a gold major is Barrick Gold (NYSE: ABX). An example of a mid-tier gold producer is New Gold (NYSE: NGD). An example of a junior gold miner is Goff Corp (OTCBB: GOFF). Since gold majors and mid-tier gold producers are well-covered by Street analysts and the investor community in general, the focus of this article will be Goff Corp, the junior miner.
Goff Corp is a U.S.-based publically traded company. Its wholly owned subsidiary, Golden Glory Resources, is engaged in mineral exploration. The company's primary project is the La Frontera Gold Project located in the Aguadas Department, in Caldas, Colombia. Golden Glory acquired its leases on the La Frontera through a transaction with a Colombian company and now holds a 100% percent working interest in the property.
The La Frontera Project is in the Aguadas, Department Of Caldera, which has a history of gold and silver production. This region has been a productive mining area since before the Spanish came to South America. This history provides adequate infrastructure, access, security and an available workforce to support development of the potential mineral resources at La Frontera.
The La Frontera Property is located approximately 60 kilometers south of Medellin, Colombia. A NI43-101 report being completed on the La Frontera Property identifies the potential for gold in both veins and a porphyry structure on the leases. Mineralization on the La Frontera Property has only been explored through surface sampling, but its structure, geology and mineralization type suggest there is the potential for low grade, bulk tonnage gold and silver according to the geologist's review.
Goff Corp released a series of news announcements last week documenting new developments in the La Frontera Property. On Wednesday, the company announced a multi-phase exploration program for the property. The exploration program on La Frontera is being planned for strategic exploration on known targets and the development of other targets for gold and silver. The reasoning for the exploration program is because of the data on the property. Goff Corporation, President, Warwick Calasse said, “The data gathered on the project to date suggests that the La Frontera leases offer highly prospective gold and silver targets. We are moving immediately to evaluate the technical data and begin ground exploration to establish the potential for gold, which is believed to be of the low-grade, large tonnage type.”
On Thursday, the company announced that it received a NI43-101 compliant technical report on its LGC15011 Project or the "La Frontera" Gold Project in Dept. Of Caldas, Colombia. The primary conclusions of the report support that the La Frontera contains two types of mineralization on the property; a disseminated type related to the intrusive, and a vein type related to the stockwork of the intrusive. These are low-grade, bulk tonnage type occurrences, consistent with other gold and silver prospects in the Caldas and Antioquia Departments.
There are also reports out there supporting the potential of La Frontera and Columbian gold production as a whole. According to the Colombia's mining regulator, Colombia's gold production grew 33% in the January-May 2012 period to 20 tons (643,000 troy ounces) of gold versus the same period last year due to new projects coming online. They also project that Colombia could produce around 3 million ounces of gold in 2012, twice as much as the 1.57 million ounces produced in 2011 year and much higher than the 501,500 ounces produced in 2006.
Goff Corp may also benefit from capital inflows. As a by-product of all of the new development, Colombia may attract as much as $5 billion over the next ten years, slightly higher than the $4.5 billion initially expected, according to industry officials. They have detected five new gold projects that will require approximately $5 billion in investment, and the lion's share is coming from foreign companies that are looking to develop the regional gold resources.
Goff Corp is in good company from an investment perspective as gold miners with significant exposure to Columbia have a history of performing well. Continental Gold Limited, a Canadian-based gold miner that trades on the Toronto Stock Exchange under the ticker CNL, holds the rights to explore and develop 7 properties in Colombia, totaling approximately 102,264 hectares and has pending concession applications totaling approximately 33,018 hectares. When it first began trading in the first half of 2010, the stock jumped from $2.50 a share to over $10 a share in just 6 months, a 4x move.
B2Gold, a Canadian-based gold miner that trades on the Toronto Stock Exchange under the ticker BTO, owns two properties in Columbia, the Gramalote Property and the Mocoa Property. In April 2012, the company announced new resource estimates that significantly increased the size of the Gramalote resources. B2Gold believes that the Gramalote project has the potential to become a large scale open pit gold mine producing between 300,000 and 400,000 ounces per year, commencing in 2016. B2Gold first began trading in basically the worst time imaginable, in the beginning of 2008, just before the market bottomed in the fall of that year. After closing 2008 at 50 cents a share, the stock reached $4.50 a share in the spring of 2012, a 9x move.
Both of those examples provide an idea of what the returns on Goff Corp could be. Taking the average of Continental Gold’s and B2Gold’s returns would be a move of 7x for Goff Corp. Goff last traded at 37 cents a share and a 7x move would move the stock in the $2 range.