I don't think 20c by Xmas is improbable, with the prospects GOA has, and production to start by the end of the year, definitely a realistic target.
But short term this is my assessment!
GOA - Looks like its low was 5.1. Some support coming in at 5.4c, I think if it clears through 5.4c, could run up.
This stock could travel quickly, as not much resistance below around 7c IMHO. Keep it on the radar guys.
Also, annoucement due out soon probably, about how the exploration of SAO Chico, Brazil is coming along. Interesting to note, this company has posted annoucements every day, for about a week now. Very nice in my opinion, means they are keeping the market informed and also means a lot is happenning so expect further news soon.
Remember many people were buying these shares above 7c, just a few days ago.
This is a good company, I am looking to get back in once it breaks 5.4c. I think it can get back to the mid 7c range quickly on any further news!
And if it breaks through 7.7c, anything is possible!
Keep watching this!
GOA Price at posting:
4.6¢ Sentiment: LT Buy Disclosure: Not Held
