Goff Corp (OTC:GOFF) Surges On

Goff Corp (OTC:GOFF) closed up 5.83% at $0.4535 after a paid “research report” said it could reach $4 in 12 months and the pumpers happily sang to that tune.

After the close GOFF issued a press release setting up for the weekend pump. As usual, the release is pretty vague. Supposedly, some samples gathered on the La Frontera project confirmed the mineralization type and “may indicate excellent potential for a deeper, high grade gold source.”

While GOFF tries to hype up the public about its potential, there is still no word on any financing. This is unlikely to confuse those who have experience with Awesome Penny Stocks (APS) and Victory Mark (VM). However, it presents a significant danger for novice traders, and especially those who skip the due diligence.

In one of their latest emails APS mention B2Gold Corp (TSE:BTO) again, quoting a part of their recent Management’s Discussion and Analysis. The quote is taken out of context and could leave the public with the impression that BTO are trading solely on the expectations connected to their Colombian project.

That couldn’t be further away from the truth. B2Gold does trade over $3 per share, and has a market cap over $1 billion, but they aren’t where they are based on expectations alone. B2Gold have a lot of projects, and some of them are already producing gold. The company generated $259 million in gold revenue for 2012, and their net income for the year was close to $52 million.

That being said, after the long weekend GOFF may be in for more action. The pumpers are going to send an “extensive report on GOFF” during the weekend. So far APS’s reputation has been enough to keep the pump going, and some people will probably manage to make a decent profit. However, no one wants to be stuck in when the dumping starts, and there’s no way to know for certain when that will happen.