Bullboard - Stock Discussion Forum Go Metals Corp. C.GOCO

Alternate Symbol(s): GOCOF

Go Metals Corp is an exploration company engaged in development of mineral resource properties in Canada. It has an interest in a number of mineral claims located in the Yukon Territory and Quebec. The companies 100% owned properties include the Monster IOCG Property, HSP Nickel Property and the Barachois Vanadium Property.

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Go Metals Corp. > A fresh look at the trading activity and today's close.

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Post by lifegoeson on Nov 11, 2022 4:59pm

A fresh look at the trading activity and today's close.

For what it is worth, here is my analysis. 1) back in August GOCO was a dead duck trading $0.08 and lower with no volume, 2) on Sept 13, drill cores visually identified nickel and copper sulphides at all five zones from the first-ever drilling at the 100-per-cent-owned HSP nickel-copper-PGE (platinum group element) project, Quebec, Canada, 3) price rockets to $1.20, trades 34 M for the month, then October the price settles back and trades another 11 M shares, now in November, GOCO trades another 3.8M and today rocket near the close to $0.74 on 617,000 shares. All of this with only about 23.5 M shares outstanding. My conclusion, the float has turned, the penny players are gone, and now raising an oversubscribed $2.18 M with options being exercised, and an indication they are going to drill through the winter. All one has to do is look at their corporate presentation, examine the holes drilled, mineralization lengths, depth and relationship to the massive sulphide trench. How good is their property, numerous targets to drill, Private Placement closing coming soon, and assays from holes due back over the next few weeks. One has to love this game.

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