GT Gold Corp. GTGDF

New High $1.88 - Related Parties Invest

[lithomon]

GTT probably stepped out with the drilling and they think have hit it big again.  That's my gut impression of this rising GTT share price. The Gold is probably everywhere especially at near surface which presents great project economics.  
Has to be a good reason why major miner Goldcorp moved this quickly to take an equity ownership interest in a company, Colorado Resources (up to 19.95%), which has a bordering project with GTT's 'Tatogga' area Higher grade Gold discovery.  Goldcorp probably getting positioned early in the discovery area.  Getting prepared.

It's possible the lab may have held back assay results until the Haywood financing was completed and announced, perhaps on account of related company parties investing in the placement.  On the other hand, an employee close to the discovery activity, generally develops an overall impression that the venture is destined for greater success.  So, on that basis, they buy-in, without having any quantitative knowledge of the new drilling in question.

It's happened to me, buying into a venture at higher prices than $2.00, but you get a sense of the team you are with, the people guiding the company, the overall market conditions of the commodity and the dynamics of the project and project area, so you are confident that progress will move things higher and you invest further.  In that situation, I never timed the perfect exit at high share price about $18.00 but did okay by exiting the position in the $12.00 to $14.00 range for a 3 or 4 fold gain.

This week, maybe, we find out why GTT touched $1.88 on Friday.