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Nice to see you back River...totally agree. I've placed the naysayers on "ignore". Last I checked we are free to take our money and set fire to it if we'd like. Some people have sad existences to waste their own time and try to create misery by rubbing our faces in it. Really glad that sites like this exist so they have a way to provide therapy for themselves.
and sone of you guys predicted 1$ or more by eoy. i posted only to warn you! when i started the stock was 10 times higher than now, and you stated exactly the same....they have no idea and they will leave soon, because the stock will raise.
Your right KelleyE, there are 3 people on this site, who love to come on here every once in a while and rub it in our face. Option 1 has predicted a lot of things that were wrong, but he only talks about how he has been right about everything. I still have hope that things will turn out ok. If that happens, you will never hear from them again. Actually if you go back about 1 year ago, option 1 predicted that GSDC would never make it past spring, and would never make it to the test mining stage.
Anyone new can read your previous messages. No, you're not here to warn people, so much as your personality needs to be constantly reassured that you were right. And it manifests through rubbing other people's noses in it.
Real people have lost money. The one thing we don't need is your constantly dancing on other people losses.
At this point if we sell our stock we might get back a couple hundred dollars. IOW, you're not saving anyone much of anything at this point. So we might as well ride it to the end. Is it a long shot? Yes. But there is little to lose at this point.
and there are still idiots, who buy this stock!
im here to warn!
You've lost me, DonP.
If you've known this is a bad stock for over a year, why are you hanging out here? Do you still hold shares??
Anyone who comes here can see the same message from you 100 times. We got your message the first 100 times.
your right! where all these guys, who still believe in this crap?
why that quiet?
Swiss Mining Terminated their operations with GoldSands, did the company bother to mention that?!
Per the recently filed (late) 10-Q:
During the nine month period ended 30 September 2011, Swiss Mining S.A. terminated the test mining operations and the Company recorded incidental extracted gold receivable of $43,444 related to the Swiss Mining Agreement (Note 4).
You guys should really start reading this stuff. You can sniff out a dog quite easily.
Hey Fink how is your investment in GSDC doing?!
Not very shocking to see this POS heading towards sub penny!
Don't say I didn't warn ya like a year ago!
Somebody just bought 100 shares of GSDC. LOL! That's $4.50 plus broker fees. Maybe they got some inside information.
Very large explosion in Iran. Took out the head of some armament core. Not sure what just happened, but we could be on the brink of yet another spike in gold prices. GLD is in tank mode. down another 4% today.
Just a heads up.
PCFG took a gut punch in their 10Q but are producing. 50 oz.
Come on Gold Sands, show me some production.
funny....40'000'000 for this crapy equipment and some native slaves!!! this has to be a great co!
Some of the different alluvial test mining techniques used at the Gold Sands site observed by Rafael Swiecki.
I thought I would see pictures of the mining operations in Peru or Nevada.
Interesting article on GOLD. It would be nice to be in production as gold heads for $4,000.
Did John Paulson Kill the Gold Rally?
By Alex Dumortier | More Articles
November 5, 2011 | Comments (2)
Even as a long-term bear on the metal, I was initially puzzled by gold's underperformance over the past couple of months, just as the European sovereign debt crisis moved into high gear.
anImage
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I thought I had the answer -- or a convincing explanation, at the very least -- for this conundrum. However, the Financial Times broke a story this week that has forced me to toss out my hypothesis.
The biggest gold bull of them all
I track a small number of investors, and John Paulson -- the man who made billions of dollars personally by betting against the subprime-mortgage market -- is among them. Was he at the origin of or a significant contributor to gold's underperformance? It seemed like a viable explanation when you put the following four observations together:
Paulson's funds have performed atrociously this year, down by almost half this year after a one-fifth decline in September alone. Investors in his flagship fund have seen all their gains in the fund since 2008 evaporate.
Gold was one of the firm's most profitable positions in 2010 and in 2011.
Gold, by way of the SPDR Gold Trust (NYSE: GLD ) , is the firm's largest reported position, with a value of $4.6 billion at the end of June
Paulson & Co. is the largest owner of the SPDR Gold Trust -- by a wide margin -- and the only hedge fund manager in the top 10.
Along with many others, I was expecting an enormous wave of redemption requests from Paulson's outside investors in response to the funds' miserable returns this year. Surely, Paulson is liquidating part of his gold inventory to meet redemptions, I thought.
There's no motivation to sell
Thankfully for Paulson, his investors have remained remarkably loyal -- for now, anyway. In a letter to his investors on Tuesday, he wrote that redemptions totaled less than 8% of firm assets -- less than the typical end-of-year redemptions the hedge fund manager receives. Consequently, it's highly unlikely that Paulson has been selling gold, or not in a significant proportion, at any rate.
What about on an ongoing basis: Does the overhang of that huge gold position present a risk to other investors? That's unlikely, and here's why. Paulson & Co. partners are now the largest investors in his hedge funds, representing more than a third of the assets under management, with John Paulson the largest single investor. The gold positions facilitate gold-denominated share classes in his hedge funds; the firm offers this option for every single one of his funds. However, the investors who have taken advantage of this option are mainly Paulson himself and some of his partners.
Conviction is very high
Everything I've read and heard -- including from people who have sat in on a presentation of the firm's thesis for gold -- suggests that the level of conviction regarding this trade is very high. (My colleague Chris Barker has high conviction on gold, and he's found 5 Clever Ways to Get Gold for Free .) Don't expect Paulson or his partners to bail out any time soon; in May, he told investors that gold could rise as high as $4,000 an ounce over the next three to five years. Given the link between the two, that high-conviction stance probably applies to the sizeable positions Paulson & Co. has accumulated in some gold miners:
Security
Ownership %
Shareholder Rank
Position value
SPDR Gold Trust -- 1 $5.3 billion
AngloGold Ashanti (NYSE: AU ) 10.4% 2 $1.8 billion
Gold Fields (NYSE: GFI ) 6.7% 4 $824 million
NovaGold Resources (AMEX: NG ) 8.4% 2 $185 million
Position as of June 30, valued at Nov. 2 prices. Source: S&P Capital IQ.
So if Paulson isn't responsible for gold's mid-air stall in an environment in which it should be soaring, is there a wider trend at work that could mean the end of the bull market in gold? Remember that in July and August, gold experienced a meteoric rise, achieving an all-time nominal high above $1,910 on Aug. 22. Even though gold has been in a bubble at least since the third quarter of 2010, we had yet to witness such an acceleration in prices, which is characteristic of many bubbles.
Gold bulls: You're safe for now
Following that overheating, a decline and a period of pause is hardly surprising, and price increases in the last couple of weeks suggest that the rally may already be resuming. In other words, you look safe for now, gold bulls, as the European crisis and other problems provide fuel to the gold rocket. But don't forget that gravity will eventually assert itself -- make sure you've pulled the ripcord before then.
With gold prices at historic highs, one little-known company is minting a fortune -- find out which is "The Tiny Gold Stock Digging Up Massive Profits."
didn't you look at the nice photo's?
The SILENCE is now deafening with this stock. Can they not release some positive news, anything, to keep just a flicker of hope alive.
.03 trade today, wonder when all the big developments are going to happen
Hi snotter
Nice to see a post here and if there was a recent change to the web page it is at least a small indication of some life in the Co. I keep wondering how much of the total property they have to test mine before they go rent one of those small Beaver Dredges and processing plants and get on with it. The numbers looked good enough from the test mining that even that might have been profitable and if they need more results why did they quit? Sure wish Pat was back on the radio.
A few new pics.
http://www.goldsandsco.com/
surely this can't go any lower, remember what the chairman said in his letter, "to maintain corporate profitability and growth FOR YOU THE SHAREHOLDER"
where are all the pumpers? running out of money?
Guess today will be an important one of support for GSDC.. I'll be watching. (not to break .06)
That should at least mean the bad is cooked in and all, aren't the Peruvians digging gold for a living for them at all? Thanks DonP
"Justin, the test production was not designed to be an ongoing effort to
generate an income stream. We may reinstate the process later if/when we
decide to apply for a commercial permit/seek a JV production partner."
says the company
if/when/potential........nothing is going on
"A potential test mining operation could start in 2012 with a pilot-scale wheel suction dredger in tandem with an appropriately sized floating plant." says the company.
GSDC is not a gold miner!!!!!!
Sharing a site fellow shareholders
The first page you'll see is an Article digitized on Oct. 15. Calling Gold Miners a Raging Buy.
http://goldnews.bullionvault.com/gold_mining_101520111
Go GSDC
Sorry for posting a target I was drawing lines with charts. Please delete the target post.
I have a 2.70 price target :)) within a year.
GOLD MINERS
Ready to make a move
http://www.zerohedge.com/article/gold
Gold is going to 2000 within the next year
completely agree...It reads like a never ending "safe harbor" statement.
i dont know which newsletter you talking about.....but exactly in this way a company like this works...dumdidumididum its still a very very poor promoted scam...yeahhhh but it still works
Please correct me if I'm wrong:
The 6-month test was done to see if there was enough gold to make it worthwhile to turn Goldsands into a commercial operation.
It was stopped because it was believed that the results were good enough to proceed to commercial production.
Today's letter says more testing needs to be done to show whether Goldsands can be turned into a commercial operation.
my fave part in the letter is, foster and maintain corporate profitability and growth in order to generate value for you the shareholder............WOW!
IHC Merwede rents out first IHC Beaver® dredger
http://www.ihcmerwede.com/about-ihc-merwede/news/newsmessage/article/ihc-merwede-rents-out-first-ihc-beaverR-dredger/
http://www.rentadredger.com/our-rental-equiment/beaver-series/
http://www.rentadredger.com/rental/rental/
http://www.rentadredger.com/rental/rental-lease-options/
pure hogwash big developments on the way according to posters here!
actual post from another board:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=me&bn=74508&tid=1468&mid=1468&tof=1&frt=2#1468
This is encouraging news. Perhaps something positive is about to happen to this stock. I'm keeping my eyes open for sure.
Picked up another 100K shares today.
Big developments are coming!! IMO
Z06
you are right. you better spend your time with other things because nothing will happen heare. you can only see how your money goes.....
Yes, you are correct. I waste my time responding to them. I know the risk and have elected to see this through to the end, whether good or bad. I feel the upside is worth the risk.
I've said it before and will restate it. Everyone comes to this and other boards with a variety of agendas....none, however have my personal success in mind. That said, those of us who believe (and will hopefully receive), are looking for news,info,cheddar on this company and we do that to make a buck in the face of OBVIOUS and significant risk. What's the agenda of the naysayers? Assuming that they aren't in desperate need of some additional couch time and med adjustment from their therapist, they are either very bitter from other losses they have suffered and see RED everywhere they look (consider more couch time for that guy), or there is some secondary gain from downward pressure on the stock price. The greatest insult is indifference and lack of acknowledgement. I'm not taking this time to give any fuel to those who would think we are on a journey to the oblivion. I'm doing it to urge the rest of you (River the most)to not respond to these guys...you play into their hand. They have spoken their piece (again and again), let them speak to deaf ears! We know our risk and are prepared to lose it all, but the upside as many of you also feel is huge! Just my opinion GLTA
sorry guys but you have really no idea! i invested in a lot junior cos. and yes not all of them earned money form the beginning. but ive never saw a co, which burns over 40'000'000 for nothing before it turns for profit! SCAM SCAM SACM nothing else!
I love how DonP comes swooping in to save us from our own stupidity. We all know that not one junior mining stock has ever made it big. (Not) So I guess I am just too stupid to see the light. Like I have said before, every company has its own problems good or bad, and just because a few companies might fail, doesn't mean that they all fail. GSDC has made it a lot further than you (DonP) and the others have predicted in the past. They keep proving you wrong time after time. Most junior mining companies never make it to testing. This company has already beat the odds and will continue to beat the odds. This is my opinion. I am not an expert, but I don't believe the nay sayers are experts either. Just my opinion as well. I look forward to hearing a good and educated response from the nay sayers.
Thank you for your concern about us, DonP. It is so touching.
Meanwhile, we we just have to wait and see how this plays out.
PS. There is the possibility that it would make you mad to see the price go up if if does.
You better get out now - there is no telling what might happen to your position if this flurry of buying drives prices higher.
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Constitution Mining is committed to the logic of big as the smartest way to build value for our shareholders.
Constitution Mining controls 461 square kilometers (178 square miles) of Gold Sands in northeastern Peru. Previous exploration identified the Peruvian Gold Sands as a possible "elephant" deposit of alluvial gold - and big even by elephant standards. CMIN reported on March 26th, 2010 that it has successfully completed a 26-hole exploratory Phase I drill program designed to test the company's entire Gold Sands property package - including the recently optioned extensions to the north and south. Subsequently, the Company announced on March 31st it had ordered two more Banka drills and was ramping up drilling capacity in advance of an upcoming Phase II drill program. Click here to LEARN MORE
CMIN reported on April 1st it had executed a definitive and binding Asset Purchase Agreement with Seabridge Gold on 30 Nevada-based gold projects comprising 2,141 claims, mostly located in the heart of Nevada's prolific Walker Lane gold belt. The most advanced project in the package of mineral claims is the Castle Black Rock gold project in Esmeralda county, which has an NI-43-101-compliant gold resource of 215,000 ounces in the measured and indicated categories (12.38 million tonnes grading 0.54 gram of gold per tonne) and 93,000 ounces in the inferred category (7.95 million tonnes grading 0.37 gram of gold per tonne). Management considers the potential for the Company to expand on the existing base of 308,000 ounces of gold resources in Nevada to be high. Click here to LEARN MORE
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