{"id":1063,"date":"2013-03-27T12:11:42","date_gmt":"2013-03-27T12:11:42","guid":{"rendered":"\/?p=1063"},"modified":"2013-03-27T12:11:50","modified_gmt":"2013-03-27T12:11:50","slug":"goff-corp-otcgoff-blow-their-own-horn","status":"publish","type":"post","link":"\/articles\/goff-corp-otcgoff-blow-their-own-horn\/","title":{"rendered":"Goff Corp (OTC:GOFF) Blow Their Own Horn"},"content":{"rendered":"

\"6GOFF_chart.png\"In my previous article on Goff Corp (OTC:GOFF<\/a>) I pointed out that the grand plans of GOFF<\/a> would require substantial amounts of money, which they simply don’t have. <\/p>\n

The insufficient capital doesn’t prevent GOFF<\/a> from trying to blow their own horn. After closing up another 5.29% at $0.418 per share, GOFF<\/a> issued another press release, which once again contains no significant information.<\/p>\n

The press release is obviously trying to push the idea that GOFF<\/a> has a bright future ahead. To quote Warwick Calasse, President, CEO, CFO and Director of GOFF<\/a>, “time is right for gold in Colombia.”<\/p>\n

Mr. Calasse may very well be right about gold in Colombia. However, trying to imply that buying GOFF<\/a> shares is investing in gold is misleading. Let’s look at another thing Mr. Calasse said: “The ingredients for success include having the right projects in the right regions and capital to make them happen.”<\/p>\n

That may sound about right, but let’s examine which of those GOFF<\/a> have. The company tentatively holds an option to acquire a 100% interest in the “La Frontera” concession, and to exercise the option GOFF<\/a> will need to pay and invest more money they don’t have.<\/p>\n

Additionally, it’s not clear what reserves, if any, can be mined, or whether it would be economically viable. Last, but perhaps most notable – GOFF<\/a> has virtually no capital to pursue it’s supposed business plan.<\/p>\n

\"3SWVI.png\"Such details won’t stop the pumpers from claiming GOFF<\/a> can go to $2 per share and above. Both the Awesome Penny Stocks (APS) group and the Victory Mark outfit continue to draw inadequate parallels between GOFF<\/a> and proven gold mining companies.<\/p>\n

It looks like GOFF<\/a> maybe following the pattern of previous APS pump jobs like Swingplane Ventures, Inc. (OTC:SWVI<\/a>) and World Moto, Inc. (OTC:FARE<\/a>). It has already out-lasted most Victory Mark pumps. Still, there is no telling how far it can go and when it will crash.<\/p>\n","protected":false},"excerpt":{"rendered":"

In my previous article on Goff Corp (OTC:GOFF) I pointed out that the grand plans of GOFF would require substantial amounts of money, which they simply don’t have. The insufficient capital doesn’t prevent GOFF...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,14,32],"class_list":["post-1063","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-goff","tag-swvi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1063"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1063\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}