Gunpowder Gold Corp (fka GUNP)

[saturn_five]

Source: OTC markets ....
7/11/2013: Ticker symbol GUNP deleted.
For a quick synopsis, read post #186 on the Gunpowder Gold Corp message board.
Imcat was correct.

[Renee]

GUNP dissolved:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/10/2013&mkt_ctg=NON-OTCBB

[saturn_five]

American Bonanza's Copperstone mine is about 9 miles north of GUNP's claims. Copperstone is PRODUCING Arizona gold ... from high-grade oxide ore.
ABGFF (Canadian ticker = BZA) is worth a look, if you're interested in 'under-valued Arizona gold.'
GLTA

[webejamn]

would be nice if they would do something. Drill a water well and wash the mountain away if possible, but do something!

[$b_rich$]

Company News

January 19, 2012
Gunpowder Releases Additional Assays on Southern Section of Dome Rock Gold Project, Arizona

January 18, 2012
Gunpowder Releases Additional Assays on Newly Acquired Claims of Dome Rock Gold Project, Arizona, Including 98.6 g/t Au

January 17, 2012
Gunpowder Expands Dome Rock Gold Project, Adds 33 Contiguous Claims

January 5, 2012
Gunpowder Releases Latest Assays From Sampling Program on Dome Rock Gold Project

December 20, 2011
Gunpowder Conducts Follow-up Sampling on BHR claim, Dome Rock Gold Claim Block in Arizona

December 16, 2011
Gunpowder Provides Exploration Update for Dome Rock Gold Claim Block in Arizona


http://www.gunpowdergold.com/news.php

[gharma]

Dang, that first pic sure looks like it is the same drill I saw listed here in AZ on Craigslist last week !
But seriously, you are correct about American Bonanza, compared to Gunpowder's efforts in the Dome area.
Oh, and you could have added the exploration results Riverside's optionee Choice Gold has been having at Sugarloaf Peak downriver and just one the "hill" west by a bit north from Quartsite.
There are a couple companies actually getting things underway on the trend in that area.
Cheers

[lmcat]

I was the mod on GUNP and set up the I-BOX. After doing more research I removed myself as mod as I saw nothing of value in this company.

They don't own anything except an option and the financial requirements to eventually secure that claim are huge and without any revenue they need to continue to borrow money. Do you know that only 10% of the junior explorers ever find enough provable ore to develop a profitable mining operation?

Quartzite is the nearest town and the RV world's largest campground. The annual Rock & Mineral Show brings in over 100,000 RVers from around the states. They camp all over the desert, known as boon docking. We have been there!

Many of these RVers belong to Prospector Clubs who used metal detectors to find gold out in the 'boondocks".

You know that American Bonanza Gold (a Canadian Company) is working the old Copperstone mine and finally shipped ore concentrate.

Drilling rig at Copperstone.


Deep drilling rig at Copperstone.

http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...

Gold Sales - preliminary gold sales in April of 1,186 ounces were achieved, representing 40% of Year 1 monthly design rates. The gravity concentrate is currently being sent to Metals Research in Idaho, and the flotation concentrate to Global Metal Technologies in Spokane.

http://www.americanbonanza.com/s/NewsReleases.asp?ReportID=530962&_Type=News-Releases&_Title=American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a...

Lots of very good info on Bonanza but very little is available on Gunpowder.

I don't see any "bounce" on GUNP until they have some positive news.



GUMP would have been a great short at $1! It was grossly over valued and still is since it has nothing but debt.

[$b_rich$]

Here's the A/S, lol:


http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=sqxxoEQYG6WmzL7l%252buENqQ%253d%253d&nt7=0


chart tells us there's a bounce in this one:

[JJL]

thanks, you too!

[lmcat]

FINANCIAL INFORMATION

The Company has entered into an agreement to acquire a mineral property located in the La Paz County, Arizona, and has not yet determined whether this property contains reserves that are economically recoverable.

The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the Company’s interest in the underlying property, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production or proceeds from the sale thereof.

GUNP has some serious cash needs coming up.

The Company entered into a mineral property purchase option agreement dated January 21, 2011 and amended on March 9 th , 2011. This agreement was replaced by a new agreement dated January 17, 2012, pursuant to this new agreement the Company plans to acquired a 100% undivided right, title and interest in a mineral claim, located in the La Paz County, Arizona, known as the Dome Rock Property. The effect of the transactions was to preserve the Company’s rights under the old agreement and cash payments required under the old option agreement are still required under the new option agreement, but their due dates were all extended by approximately one year. The Company cannot apply prior payments to the new option agreement. The Option shall be in good standing and exercisable by the Optionee by:

i. Paying the following amounts on or before the dates specified in the following schedule to the Optionor:

1. Paying $40,000 on or before January 17, 2013, the first anniversary of the Agreement;
2. Paying $40,000 on or before January 17, 2014, the second anniversary of the Agreement;
3. Paying $40,000 on or before January 17, 2015, the third anniversary of the Agreement;
4. Paying $50,000 on or before January 17, 2016, the fourth anniversary of the Agreement;
5. Paying $60,000 on or before January 17, 2017, the fifth anniversary of the Agreement;
6. Paying $60,000 on or before January 17, 2018, the sixth anniversary of the Agreement;
7. Paying $60,000 on or before January 17, 2019, the seventh anniversary of the Agreement;

ii. Paying all amounts to keep the property in good standing which includes all annual maintenance fees, exploration and other permits, property taxes, levies, insurance, and other assessments.

The Optionee shall incur the following annual work requirements as defined below and agreed to by the parties for the benefit of the Horizon Property:

1. Exploration expenditures on the property of $750,000 on or before the first anniversary of the execution of the Agreement;
2. Exploration expenditures on the property of $750,000 on or before the second anniversary of the execution of the Agreement;
3. Exploration expenditures on the property of $500,000 on or before the third anniversary of the execution of the Agreement;

Pursuant to Regulation 13A Reports of Issuers of Securities Registered Pursuant to Section 12 (Reg. §240.13a-13 ( c )(2)(i)(ii)), the Company is not required to file Part I - Financial Information for the period ending May 31, 2012 for the following reasons:

a) The registrant is not in the production state but is engaged primarily in the exploration for the development of mineral deposits other than oil, gas or coal; and

b) The registrant has not been in production during the current fiscal year or the two years immediately prior thereto; and

c) The registrant has not received any receipts from the sale of mineral products or from the operations of mineral producing properties.

If their not going to reveal their finances then they might as well be a pink!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8678769

[$b_rich$]

This will take off nice at some point:) Have a great weekend!

[JJL]

I got more 8's today. It took 15 min. to fill at ask.

[Troy Lando]

I got this one on watch too.. GUNP

[JJL]

I think so too!

[$b_rich$]

There really isn't many shares down here...I see a huge bounce coming. Love the chart:)

[dloggold]

Last guy shut the lights off before the electric company pulls the meter.

[JJL]

I say yes. I got some at .0075. If it goes much lower it will be a huge bargain. imo

[crawfish poboy]

Post promo stock. Can it run again?

[IPO$]

big spread

[IPO$]

mgt. team appears good?

[$b_rich$]

It could, but it sure looks like the bottom's in now.

[JJL]

I hope GUNP stays low for a few days so I can add!!

[$b_rich$]

GUNP..Love the chart here:

[IPO$]

What is the ratio of gold ounces to ton of dirt on the placer in AZ?

[lmcat]

Nice move, something must be up.

[thunderjh]

I'm just holding for now. Really nothing going on, so nothing to talk about. I'm about ready to go out there with a shovel to start helping them find gold. :)

[somoneysportspicks]

All or nothing for me, going down with the ship.

[lmcat]

Where did everyone go to? Looking for a bottom here. Is this it?

[Jambo]

i wouldnt bet on it. it's been ready for weeks but just wont breakout. Maybe a few months from now

[rand007]

GUNP should do a tech bounce soon

after such a big retracement

[Coniba]

300m per filings and nv sos.

don't know why not on pinksheets would be a red flag

[thunderjh]

Large jump in volume today. wonder what thats all about.

[kmtht2011]

Someone tried hard doing paint job . 1s ....possible good

[lmcat]

GUNP Security Details
Share Structure
Market Value1 $2,183,407 a/o Apr 03, 2012
Shares Outstanding 90,975,294 a/o Jan 13, 2012
Float Not Available
Authorized Shares Not Available
Par Value 0.001

That A/S not available is a red flag!

[Cool_Trades]

Hey just curious what you think their value should be right now?

[Cool_Trades]

1 week down, another new low, 1 week to go

[rand007]

liking the chart here

this is due for a strong rebound

[crawfish poboy]

Seller done? On watch~

[lmcat]

Market Value $3,084,062 a/o Mar 16, 2012

http://www.otcmarkets.com/stock/GUNP/company-info

The Company did not have any operating income from inception (November 19, 2008) through November 30, 2011. For the period from inception, November 19, 2008 through the quarter ended November 30, 2011, the Company recognized a net loss of $622,997.

Considering the company's lack of assets, a market value of $3,084,062 appears to be over valued.

In November 2010, the Company revised and restated its Articles of Incorporation to increase the amount of authorized capital to 305,000,000 shares, consisting of 5,000,000 preferred shares and 300,000,000 shares of Common stock, and the Company had a 10:1 forward stock split. All references in the accompanying financial statements have been retroactively stated to reflect these changes.

The Company closed a private placement in February 2011, for the sale of 266,667 Units at $0.75 per Unit, for aggregate gross proceeds of $200,000. A “Unit” consisted of the following: (1) one share of common stock; (2) one class A warrant, entitling the holder to purchase one share of common stock of the Company at an exercise price of $0.90 per share during a term of two years, expiring on March 1, 2013. No warrants have been exercised as of February 28, 2011. The subscription raised $200,000 in proceeds from one investor.

The fair value of the warrants is treated as offering costs and it would be a debit and credit entry to additional paid in capital resulting in a null effect in net equity.

On April 8, 2011, the Company closed the private placement of 235,294 Units at .85 per unit per Unit, for aggregate gross proceeds of $200,000. A “Unit” consisted of the following: (1) one share of common stock; (2) one class A warrant, entitling the holder to purchase one share of common stock of the Company at an exercise price of $1.00 per share during a term expiring on April 15, 2013. No warrants have been exercised as of November 30, 2011. The subscription raised $200,000 in proceeds from one investor.

On September 12, 2011, the Company closed the private placement of 473,333 Units at .15 per unit per Unit, for aggregate gross proceeds of $71,000. A “Unit” consisted of the following: (1) one share of common stock; (2) one class A warrant, entitling the holder to purchase one share of common stock of the Company at an exercise price of $.25 per share during a term expiring on April 15, 2013. The subscription raised $71,000 in proceeds from one investor.

[rand007]

ACCUM/DIST line looks great
expecting some good movement here

[kmtht2011]

See you here in about 2 weeks . ... Thanks for the chart

[Cool_Trades]

**GUNP** The way things are trading we may see some sub .03s for sure. Not enough buying pressure at this price for a bounce though possible. I can see this being a very strong play though in about two weeks, you'll see me here again lol I'm seeing a bit of mm pressure coming from LAFC and AUTO

My 1,000th post goes to GUNP!!

[kmtht2011]

possible entry 0.015 . I just like to get some at that point.

[Stock Logics]

This is a Pump and Dump!!! WARNING!!!

[Cool_Trades]

**GUNP** Looks like we got a little more dilution before any bounce opportunity

[Pennyland]

i see that

ty

[Pathfinder85]

Auto the diluter?

[ChinaDude]

naw,,this company and chart suck,,I'll stay a while,,

[Pennyland]

don't care about the company

I like the way the chart is setting up here

it's on my watch list

you don't like it, simple just move on

very EZ

[ChinaDude]

If you play charts on pennies when there is constant dumping then you are not a chartist. the base has not formed yet so there can not be the upward move technically until that happens. Can there be another pump and dump,,absolutely, but I would never ever trust these clowns. I got sucked into this before and exited with a loss.. The company doesn't even return calls.

TOO MANY GOOD PLAYS OUT THERE TO RISK MONEY ON THIS POS...