Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE) released a home run press release on January 11, 2022, showing the outstanding results from a 24-hole drill program.
The stock went down $.03 on the news.
That’s a perfect example of “buy the rumor, sell the news.”
Personally when I saw the press release I thought the stock would go up fifty percent.
It should have.
Listing the assay results from twenty-four out of twenty-four holes would get way too boring for both you and me so I have listed the average grades of gold and silver from all twenty-four holes. While those are not the barn burning incredible holes coming from New Found Gold and Eloro and Eskay, $331 rock (US) over 5.87 is bonanza quality.
I have covered the company for almost two years and it has been a giant home run for my readers.
In August of 2019 the stock was $.12. In the past two years the stock has been as cheap as $.115 and had a high of $1.62 in July of 2021.
The company has shown they have the goods and more drilling will generate more outstanding results. The stock now has a market cap of about $47 million CAD.
It’s going to go a lot higher once investors sober up.
The stock has had a perfectly normal 50% correction since the high and is prepared to go much higher now. It looks to me as if they have at least a couple of million ounces using Kentucky Windage.
That would make gold in the ground worth about $18 an ounce in USD and it should be 3-5 times higher than that.
Goliath is an advertiser on 321gold and I have bought a fair number of shares at a higher price. I am biased so do your own due diligence.
GOT-V $.84 (Jan 11, 2022)
GOTRF OTCBB 56 million shares
Goliath Resources website
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
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