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My translation is IMO.
From the Mineros Website.
The company Mineros is currently exploring in Peru. A Mineros staff is already in preliminary explorations for 90 days,
in association with a signed agreement with GoldSands Developement Company. These companies have signed an investment agreement (joint venture) that Mineros will have 85% participation in the exploration of 55 mining titles.
'According to the results, it is envisioned the exploration will continue for two more years, which would involve investments of close to US $3 million', explained Gonzalo Gomez Vargas, new business manager of Mineros.
IMO It will take 2 years to totally explore all 55 mining titles. I believe mining will start much sooner.IMO
I don't think we will see The Q till the 15th, but I agree, won't be much to say. The Options are the key in this play. How will it be going down?
my tank is pretty full, but with the price stability with increased volume...I may have to purchase a bit more too. Quarterly statement (with no substance) should be out tomorrow...will there also be some news????
People like buying this @ .45 range. Take her down a few more ticks and it will look good for even me.
Always tomorrow.
Big hit with a low volume paint to bring her down.
I agree its being bought even if its being dragged down on low volume hits. Just buy the Dip if it gonna be played like this.
I'd love to get that Pruvian newspaper or web site link. Heading out.
400k+ shares at the open and not spiraling down....can't be a bad thing. Sure smells like something is happening, just can't tell if its fragrant or barn-like. Tried to call the Company yesterday to get some clarification of the disparity in press releases, no response yet. Anyone else?
Snotter what are you saying. It reads as if you are just posting snipets from the past GSDC PRs?
I don't get what you are saying.
tm4rs@yahoo.com if ya want.
Option 1 has yet to be announced. There is no agreement per company news or filings. But if there is a leak on the pruvian end, I want to see it.
The stock has had a definite show of strenght and its not from my buys and its not from the stack of free shares I sit on today flipping tghis the pasyt 18 months either.
Could be a sign to get in big
The company already explores in Peru.
Staff of miners is already in the northwest of Peru in preliminary explorations during 90 days, in association with the signature GoldSands Development Company. These companies have signed an investment agreement joint (joint venture) for that Mineros will have 85% of participation in the exploration in 55 mining titles that has that signature.
'According to the results, it is envisaged the exploration for two more years, which would involve investments of close to US$3 million', explained Gonzalo Gómez Vargas, new business manager of miners.
They can jump to Option 2 any time they want, They just have to pay up. Who knows maybe they hit a vein? Don't know but nice find, I'd love to see a link when I have time later to Over dose on that.
Take a look at Mineros' site...yesterday they made statement about the 85% interest they have in the Goldsands property. This is option 2 and to my knowledge, not where we are currently. Not sure whether this is an illustration of the different regulatory guidelines that Columbia may have, or acceleration of the JV process. Doesn't seem to make sense to jump to option 2, before the expiration of the DD period....any thoughts? You may be correct about EOW announcement....most do seem to be released at EOW. GLTA
Nice open, Someone wanted in. For Us thats big Volume from just one. Wish he come in and give us his M.O.
Nice buy! Maybe it will ignight something. Get a killer PR by EOW.
Just stay above .04 and she can wallow all she wants. I may start sharp shooting the spikes too. This has some time. Free shares are another kind of Gold.
Yes that is always the case. These deposits are not like striking a definite vein of gold. Its all about where ya look. Swiss may have come up with nothing. I agree good questions and has Stocker given ya a reply. I've only gotten like 2 word responsese from him in the past.
I would love to know how the two companies compare in the way they conduld soil samples.
Maybe Swiss did a few very deep samples where Minos is doing many shallow drills.
They need to pray Minos is getting something to further the Options. Once Isreal bombs Iran, gold is gonna explode. I hope GSDC is producing by then.
Think we will be trending up into the Option dats?
If she dips again I may take one more average down, The bottom for now looks solid.
They should be doing btheir DD soil samples now. They talk like theirs is a much better method as been done in the past. They know what they are doing. I think they would have bailed buy now. Gold is there we already found what 75 OZ with our piss ant methods. It does look positive.
check out Mineros' site...google does a reasonable translation. Their latest releases definitely show elevated enthusiasm for Goldsands as well as fast paced DD. Also sounds like they are seeking to "purchase" the rights (may just be the way they relate to option 2). This may be a translation prob. Any Spanish speakers out there have a read on this?
We're about to say hello to April. The 30th is fast approaching and no word of anyone backing out. A pps that is trending ever so up and then we will have a tense 10 days in May to chew our Knuckles.
The operation will be in someonelse's hands and GSDC will no long have a need to raise Capital through stock sales. Maybe take some of those green backs and buy up some of the Float.
First solid week in March. Just wait'n the time out.
if they do so, you definitely hold shares of the wrong co!!!
No doubt the guys are for real and well aligned philosophically with land husbandry. The big question for the next 60 days is, do they want to bring these awesome toys to the Maranon Basin?
Just got the translation of the press release from Mineros...definitely a muted version of Goldsands' announcement
The next February MINING SA initiated a research on 50 mining rights that it owns DEVELOPMENT COMPANY GOLDSANDS
The next February will start a research or due diligence on 50 mining rights that it owns DEVELOPMENT COMPANY GOLDSANDS in northeastern Peru to assess the possibility of initiating a scan that allows you to define whether a mining project participates in this society, with an 85% ownership of such mining rights.
To this end, MINING SA, has signed a document that authorizes option to perform the above activities. However, states that so far has not acquired or bought any participation in these securities or any specific project.
2011 All rights reserved. Terms of Use
Original Spanish text:MINEROS SA y Goldsands Development Company
Rafal Swiecki's comment shows he was not impressed with Swiss Mining. And there is no comparing Swiss Mining with Mineros experience. The more risk involved with Goldsands inexperience gives the potential for a larger gain. That is why I am here.
"Uploaded by RafalsCom on Sep 24, 2011
Alluvial gold exploration. In this case, the bulk sampling of BANKA drill located alluvial gold terrace. This is to collect the information needed for designing the efficient alluvial mining operation. This is not the best example how such sampling should be done, but it is an example of how the available equipment resources are not used... Nothing is more instructive than learning from the other peoples mistakes.
Location: Marañón River, Peru."
Certainly hope you are correct, but its a bit naive to say that Swiss mining was inexperienced. Alluvial mining is going on big time in the area and they are a solid player. Don't misunderstand me, I'm a believer, but acknowledge that a significant risk remains with our company. If anyone lacks experience, its Goldsands. JMHO
I feel Swiss Mining did not have the correct equipment or skills to mine large quantities of alluvial gold to make it highly profitable. You have to remember it was a test mining operation, not a dredge mining operation. I believe it would be highly profitable using dregders from an experienced company such as Mineros, They have a proven background in the field of alluvial gold mining making them the largest alluvial gold mining company in Columbia.
One comment from Rafal Swiecki during the test mining operation made me come to this conclusion.
"Uploaded by RafalsCom on Sep 24, 2011
Alluvial gold exploration. In this case, the bulk sampling of BANKA drill located alluvial gold terrace. This is to collect the information needed for designing the efficient alluvial mining operation. This is not the best example how such sampling should be done, but it is an example of how the available equipment resources are not used... Nothing is more instructive than learning from the other peoples mistakes.
Location: Marañón River, Peru."
Completely agree Fink. Another item I uncovered that is giving me a bit of angst. Scoured through PR's and filings from the last year and found a discrepency. Annual report states that the test mining operation with Swiss Mining was stopped due to insufficient yield for the mining company to obtain desired profit (that's paraphrased). The PR from the company states that the test mine was ceased due to sufficient information to proceed with further development (again paraphrased). I brought these 2 statements to the company's attention to find out what the truth was. I was told that I was correct on both accounts. So, what has been swirling in my mind is how could there be enough gold for the company but not enough for a mining company to proceed? I've been trying to compare Swiss Mining with Mineros...obviously very different operations, but still left with the fact that a mining company already bailed on the opportunity to jump on board. Anyone else have any thoughts? Definitely not a done deal, hopefully DD phase with Mineros will yield a different outcome. GLTA
Come middle March, things could get very intresting around here.
April 20th will be D day for GSDC. If you think we have gold in the sand on our property, then ya better be loaded come April 1st.
Another 45 day stock.
Now thats what I call a wonderful 10 day chart.
Damn straight I'm selling. I need my last block of shares to go free. I need to kick my over all average in the GUT.
Good luck to all.
Looking for a dip very soon.
GO GSDC!!!!!!!!!!!!!!!!
Same story again. there were some days with huge volume at around 0.03, this was the insiders buy-in...now they sell 3 times higher...drop will come...soon
It's extremely tempting, to buy more GSDC stock when good news comes out. I just hope they capitalize on this, start moving forward instead of backwards.
Finally, some encouraging news from GSDC. Let's hope it builds momentum from this point forward.
Low volume and a 100% return. Whos buying Monday?
These are the properties that were once held by First Columbia Gold Corp.(FCGD) Who owns them now? Is GSDC going to purchase these options? If they do acquire these properties, do they have the balls to mine them on their own without a JV?
Bianka 1 1000 01-03905-08 00074599 Rio Santiago Minerales S.A.C.
Bianka 2 1000 01-03878-08 00074599 Rio Santiago Minerales S.A.C.
Bianka 3 900 01-03879-08 00074599 Rio Santiago Minerales S.A.C.
Bianka 4 1000 01-03883-08 00074599 Rio Santiago Minerales S.A.C.
Bianka 6 1000 01-03881-08 00074599 Rio Santiago Minerales S.A.C.
Bianka 7 1000 01-03888-08 00074599 Rio Santiago Minerales S.A.C.
Dalma 1 1000 01-03859-08 00074599 Rio Santiago Minerales S.A.C.
Dalma 2 1000 01-03863-08 00074599 Rio Santiago Minerales S.A.C.
Dalma 3 1000 01-03857-08 00074599 Rio Santiago Minerales S.A.C.
Dalma 4 800 01-03865-08 00074599 Rio Santiago Minerales S.A.C.
Dalma 5 500 01-03866-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 1 1000 01-03909-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 2 900 01-03906-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 3 1000 01-03904-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 4 800 01-03908-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 5 1000 01-03910-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 6 1000 01-03901-08 00074599 Rio Santiago Minerales S.A.C.
Dorotea 7 1000 01-03899-08 00074599 Rio Santiago Minerales S.A.C.
Read more: http://www.faqs.org/sec-filings/100415/AMAZON-GOLDSANDS-LTD_10-K.A/#ixzz1kfmnKhfX
"Under the Joint Venture Development the Optionee shall pay to the Optionor an advance minimum mining profit interest per 4 month period of $200,000 (United States Dollars Two hundred thousand), that will be deducted from the Optionor 15% NET PROFIT INTEREST."
Mineros S.A. Columbia
http://www.mineros.com.co/es/home
They operate massive dreders.
I talked to david at goldsands, he said this is a very positive event for the company. It is not a done deal until the april 30 deadline. If they agree to move forward with the JV after april 30, then I hope the stock will move forward. At least it is something. I guess we will see.
Agree, but the percentage seems low to me. Mineral rights I own typically yield 25% in this type of a JV. Oil and gas mineral rights must be different. I must defer to others..need to do more DD on this. In any event this cant be bad for the stock price and certainly beats the deafening silence the last several months!
Not exactly how I expected it to play out. But 15% is a positive move watching the project move forward from the sidelines.
I don't know? Makes me want to start some BID buys down below .04
Momo or not the past month its been on fire. You think Apple will give ya a 100% return in a month? LOL
to get more sheep
We could be seeing jusy a momo run from the last dip only to break even lower.
BID support looks strong today, Ask is thin for more of a run.
But why the run? Tempting.
Yeulp funding is king in these, Hell funding is king through out all the markets, LOL
GSDC has used the same info packet used by the past 3 working this area. You'd think they would at least paint a fresh story with fresh words. Hell, they rework the same wording, word for word. Makes ya wonder. And then we geta P&D NSRS with a .06 to .50 run in a few short days. All on some LOI and the carrot for 350K oz of potential gold. I just don't get it.
Maybe GSDC needs to hire that PR group, LOL
No one has money to lend these days. Everyone is over their credit limits. GSDC needs to strike it fast.
I saw John Keenan last night. He is back here in the West Indies for a few days but just came from Peru where he is still working on gold projects. He is no longer associated with either of the Gold Sands projects of interest to us but did say mining Co's in Peru were generally having difficulty locating the money to start up operations. Wish I had more information.
Cracked out of its sideway trough now.
Maybe all the end of the year wash sells are over and all we see is buying now. Seeing this in a handful of pinks I play and watch.
So whats up with my favorite gold long shot?
where is the gold production my fellow investors,where are the dredgers?
It is not over, til it is over.
where all this guys who hates me because of my honesty? woooooohhhoooooooo im still right!!! bring some new arguments! GSDC is over...and it was over one year ago! my ecommendation: buy more, because of the great pictures....lol
Legal Proceedings. On March 30, 2011, we received a copy of a formal order of investigation issued by the United States Securities and Exchange Commission (“SEC”) regarding possible violations of the securities laws including securities registration requirements, financial reporting and/or market manipulation believed to have been committed by us, our officers, directors, employees, partners, subsidiaries, affiliates and/or other persons. We received a subpoena requesting the delivery of certain documents to the SEC. We have been cooperating fully, and intend to continue to cooperate fully, with the SEC in regards to this investigation.At this time, it is not possible to predict the outcome of the investigation. In the event the SEC investigation leads to action against any of our current or former directors or officers, or the Company itself, the trading price of our common stock may be adversely impacted. In addition, the SEC investigation may result in the incurrence of significant legal expense, both directly and as the result of any indemnification obligations. This investigation may also divert management’s attention from our operations which may cause our business to suffer. If we are subject to any adverse findings, we could be required to pay damages or penalties or have other remedies imposed on us which could have a material adverse effect on our business. We have no insurance coverage to cover any portion of our defense cost or any amounts that we may be required to pay in connection with the resolution of this investigation.
Any thoughts on this?? From page 31 of last year's 10-K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7930173
This stock is ALWAYS on my mind and in my prayers. I just can't let it go, and will always hold out hope that it will do better.
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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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