Exactly Volabe. I am very active there with that stock and my same theroy as I post there for the past 3 months holds true here. Sentiment turns as soon as we see a few Red days. Gloom and doom sets in. What people have to realize is that not everyday will be Green. People also have realize that after they buy in the pps may go down and to see Red on the 1st day you own it sucks! BUT, one has to keep their chin up and wait it out. As we saw today over there all it takes is a little volume and GDSM or any stock can turn around by double digit percents or higher. GDSM recently marched up from 0009 range to the 03 range. There was a reason for that. It was not a one day run only to crash. Rather it was a nice steady and sustained run that lasted 2 months plus. That signifies a stock with strength. GDSM has the strength/potential to easily hit the levels we recently saw. Give it time. Don't worry about the daily dips and a Red day here and there. Look back in say 3 weeks and that will tell one the trend and IMO it will be up. The best to all.

Let's get real folks. This is a real mining company and they are acting like one.
No pictures of rock hammers, drills, people sweating or sluice boxes etc. are needed.

You know it is funded through phase 1 and 2. There are warrants in place at very realistic prices for further funding. The property has a verifiable history. There is a financial group behind the entire project.

The ones who rah, rah every ten seconds and have insufficient financing are the ones to worry about, not this one, at this time.

Find a mo-mo stock or get some understanding of a real miner and there will be no need for whining, hand holding etc. over every little up and down movement. It is acting exactly like any other junior, junior mining company with the potential future of moving from explorer to producer in a very short period of time. Just for your information an average timetable is 4-5 years. We are way ahead of that.

Sit back, buy the dips, sell some rips and get prepared to ride free shares if your not there already. JMO

Go GDSM

I got wind that pm's were going around about page 25 of the filing...stating dilution and toxic financing. Wrong...People need to read it again! NOT IN THERE! As a matter of fact, stated completely the opposite!


Joint Venture Projects As previously announced, the Company had entered into 2 joint venture mining properties with Western Sierra Mining. To date, the Company has experienced difficulty in securing enough shareholder-friendly capital to get the mines into production. Most opportunities for funding involved reverse splits, substantial dilution and “floorless” convertible debentures. Although the capital needed would be in place, it would be counter-productive to the current shareholder base. The Company has and will continue to avoid these types of financing sources. The Company continues to work with its joint venture partners to bring one or more projects into production and has narrowed its focus to the Gold Star Mine, which is currently owned by Western Sierra Mining, the company's mining partner.

Yup!!..% of "Uneducated Buyers" way too high in here still!!

Will need much "Wet Nursing" and "Hand Holding"...Ugh!!..

Just hope once this gets closer to the Sample reports, that we see smarter Spec Buying!!

I was busy last night and today with a sick relative! Herd mentality bs or what today? Starting to read a few posts now.

No..My apology..Just getting fed Up with Newbs that come in and do No DD, No Reading!!

Prob best I go hang out elsewhere for a while...As , even though many Good people here, seems more, that have just no idea what's going on, and Not will to do their homework!!

Just got in from work, never had a chance to read any posts, sorry for the question.

May I Ask if you read the last 30 posts B4 Asking that Question?!

Any idea when phase 1 will be completed?

Anybody see what happened with AT** today? All gloom and doom then an hour later it's up 100% without news. Same thing could happen here at any moment. Lots of people on the sidelines waiting for that little spark of buying IMO.

"Marc will release some very good news, very soon and we all will be happy we are here."

This keeps popping up. Did Marc give a timeline about when to expect news from him, not a PR promo, but him updating the shareholders with what progress has been made in phase I. Perhaps a current picture of the drilling or phase one activities. With todays technology...that should not be too hard.

I think something would help a lot of us out who are on the fence about buying in, or anxious about what shares we already own.

I don't mind be an idealist, but something concrete, instead of vague terms like "soon" would be so valued on this forum.

No, Sir. How much it is going to be in 3 months

Held the 50 day. Needs more churn now until news/updates from HQ. Today sure felt manipulated to me. The chart did not call for a pullback.

Bottom line folks....This is a investment, it is not a stock to flip and make your $200-$300 a day, I have been in GDSM since last November, bought a bunch at .0006. Had a great time when this ran above 3 cents, made a lot of money just like many others have.
I am still investing in GDSM, bought more today and appreciate those that have sold. If you are buying this stock to make a quick buck, please don't, be smart and buy another stock, GDSM will probably break your heart.
GDSM is well worth more than the 3 cents it was at about 4 weeks ago, this is the ground floor of a gold mininig company, this stock is dirt cheap, less than a penney, it takes a little time to explore, and develop their plan. Some mineral extractions can be done by drilling and others by digging. No matter what precious metals the bring to the surface, Gold, Silver, or Brass, will have a value many times the current price of this stock. Be gratefull you have the oppurtunity to be a part of GDSM at this current time, at this price. Buy GDSM for what it is going to be, not for trying to make a buck today, it will just make you nuts.
This could be the Exxon or Walmart from you great grandfathers day. Be calm, respect GDSM and have fun. Marc will release some very good news, very soon and we all will be happy we are here.
GLTA

Any idea about how much will be the price in 3 months?

Down by 60%

when's the phase 2 results expected?

Canada had a bit of an Issue to deal with!!

"Following a major stock fraud, Canada enacted a very restrictive law entitled NI 43-101 that essentially dismisses testing data older than 2 years. "

http://goldtechmines.com/gold%20star%20main.html

NI report comes off Phase I, and if Phase I Sampling is very Good, I'd say the pps is perhaps 0.15 to 0.25 B4 the NI43-101 report!!...And if the NI43-101 is very favorable...this Runs hard!!

Will be Great to have a Summer Climber and perhaps Runner!!

Phase I Results will dictate, and Not sure but perhaps initial sampling by Mid April..3 weeks...Up through Mid May to Mid June!!??

We'll have to wait and see!!

That's because the IN reports are more accurate. I think that is one of the reasons the big boys, that are funding phase one and two, requested it be done. I think it is funny that the standards are higher in Canada than the U.S. Shows you who is behind the curve.

I think the phase 2 results will be interesting. After some research, I do find there are traders who place a great emphasis on the IN reports. Perhaps, other news of success will send this stock up as well.

NP..and Why Uplist B4 finding out watcha Got??!!...No??!!

If Peeps want to Place a Wager on What GDSM may have...Read the Darn previous Goldstar Property Reports..In the I-Box!!


Technical Summary - http://mccoygoldmines.com/pdf/GoldStar-Technical-Summary.pdf

Geology Report - http://www.mccoygoldmines.com/pdf/GoldStar-Geology-Report.pdf

Financial Analysis - http://www.mccoygoldmines.com/pdf/GoldStar-Financial-Analysis.pdf

Executive Summary - http://www.mccoygoldmines.com/pdf/GoldStar-Executive-Summary.pdf

Mine Photos - http://www.mccoygoldmines.com/pdf/GoldStar-Mine-Photos.pdf

Placers - http://www.mccoygoldmines.com/pdf/GoldStar-Placers.pdf

Mineral Reserve Reporting Standards:

"There are currently multiple and conflicting standards worldwide for the reporting of mineral reserves. Following a major stock fraud, Canada enacted a very restrictive law entitled NI 43-101 that essentially dismisses testing data older than 2 years. Under this standard, the Gold Star Ore Reserves would be characterized as estimated or historical reserves.

Despite intensive lobbying by Canada, the US government has not adopted 43-101 standards. Under existing US law, embodied in SEC Industry Guide 7, and based on the reporting standards set forth by the US Society of Mining Engineers, the Gold Star Ore Reserves would be characterized as Proven and Probable Reserves."

http://goldtechmines.com/gold%20star%20main.html

==================================

Phase II- in Phase 2, a second and more complete sampling program will be implemented as well as recommendations with respect to mining the ore body.
An NI 43-101 report commissioned. A small scale trommel will be used in the testing process to determine later production and Au extraction requirements. The Phase II extraction system will resemble as close a possible a small scale production facility.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73541694

I did look at their website. I did see the Gold Star history there. It does seem like somebody did their homework. You bet this is a gamble. I can understand if they do not want to uplist right away without having completed their DD and add the expense of an audit. I did notice the uplist in the works as well though. I think it caught a few off guard per the Facebook posts when it did not happen right away though. Very interesting. Thanks for your input here!

Bigduke7

Somebody threw out a figure of 187 ounces of gold from a 15 ton sample. That's huge! Who gave out this info? Where did they get this info? If this info is correct, shouldn't this be huge news for investors! Please confirm the above findings! Anyone?

BTW...If New...it's all about placing the Bet/Wager on what you think they are going to find on the Property!!...and Getting a Core b4 the crowd piles In!!

Phase ONE (I) (PAID FOR NOW)...http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73541694.......
Will be the "Kicker"..!!...I am and want to be In b4 the Sampling results come Back...this is the high Gambling Area, as , if they Stink, look out below!!...BUT..if they report Good No#'s...Then pps could Pop Up Hard on the News and I would not expect a dramatic sell off, as those that come in, in that area, should be more Knowledgeable and Know from that point....it is just getting to Phase II...So I'd say ..best have some b4 the reports!!

Thing here is ...Phase II ...Besides the NI43-101, has a PRODUCTION FACILITY..be it a small one to start...included!!...http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73541694

GoldStar Property has a Good past history!!

"A geological description of the possible structures will be developed as well as correlation of historical data and initial permitting. "

http://goldtechmines.com/gold%20star%20main.html

http://goldcoastmining.com/

Hold hold hold hold then sell

and what did your mind say?? LOL

I made up my mind when I bought my first shares

Based on this bit of info:

"3) Third payment of $350,000 due 120 days from first payment above (PHASE II) (Jun. 22, 2012) "

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73541694

I've have to say it will be a Summer Event!!

Phase II- in Phase 2, a second and more complete sampling program will be implemented as well as recommendations with respect to mining the ore body.
An NI 43-101 report commissioned. A small scale trommel will be used in the testing process to determine later production and Au extraction requirements. The Phase II extraction system will resemble as close a possible a small scale production facility.

well looks like they can't make up their minds,,,, so so moody.. LOL

As long as we stay in an uptrend all is well

This is interesting. I am just watching on the sideline here. I do not have any experience with gold stocks. How long do you think before the IN 43-101 will be complete? Thanks.

Bigduke7

Closed on the low side of our uptrend channel... but we're still in the uptrend.

The development of these claims will progress in Four (4) Stages:

Phase I- The first Phase will involve general exploration, mapping and sampling. The property will be mapped, randomly sampled and the property geologically evaluated for possible additional claim filings. A geological description of the possible structures will be developed as well as correlation of historical data and initial permitting.

Phase II- in Phase 2, a second and more complete sampling program will be implemented as well as recommendations with respect to mining the ore body.
An NI 43-101 report commissioned. A small scale trommel will be used in the testing process to determine later production and Au extraction requirements. The Phase II extraction system will resemble as close a possible a small scale production facility.

Phase III and IV- will involve decisions regarding the size of expansion all based on the in ground reserves, gold and silver prices, the results of the Phase I and II, etc.

The JV requires the Company to fund the 4 phases of development under the following funding schedule:

(Supplementing in here Warmy's Post...Dates added)

This is what we have to go on so far. I'm adding the dates based on the stated time frames below.

1) First Payment $25,000 due 10 business days of execution of this agreement (PHASE I) (Feb. 23, 2012)

2) Second payment of $50,000 due 30 days from first payment above (PHASE I) (Mar. 14, 2012)

3) Third payment of $350,000 due 120 days from first payment above (PHASE II) (Jun. 22, 2012)

4) Forth payment of $100,000 due 240 days from first payment above (PHASE III) (Oct. 20, 2012)

5) Fifth payment of $600,000 due 365 days from first payment above (PHASE IV) (Feb. 2, 2013)

6) Sixth payment of $250,000 due 425 days from first payment above (PHASE IV) (Apr. 23, 2013)

http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=73887

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72928280

Looks like we had a few investors let the scare and shake tactic work against them today. Don't let 'em sucker you out of your shares. You'll just want back in but it may cost you more in the long run. IMO

Marc Lovito, President, CEO, Director

"Marc Lovito is currently the President of Gold Coast Mining Corp. Mr. Lovito has over 10 years’ experience working in the public markets and assisting publicly-traded companies. During this time Mr. Lovito has worked with several hundred clients in various areas including; mergers, acquisitions, fund raising, public relations, marketing, restructuring, spin-offs and regulatory compliance. Mr. Lovito has been involved in 50+ reverse mergers and over $15mm in capital raises for small OTC companies.

Mr. Lovito’s experience in the small cap market will not only be invaluable to rebuilding shareholder value and leading GDSM forward, but will also be the key to avoiding the typical small cap pitfalls. In addition to his activities in the public markets, Mr. Lovito has owned and been a partner in a variety of businesses including real estate, marketing and a hedge fund. The involvement of Mr. Lovito with a wide range of diverse business models provides him with a solid foundation of knowledge, contacts and resources."

Keep your head up Chip.

I think way too many people thought GDSM was going to skyrocket for no reason. They saw what happened with NSRS.

The issue with those that make those incredible runs in a one week or two week period are done so with Toxic Dilutive Paid Promotion.

Sure people made money off it, but also those that bought in over $1 are most likely never going to see that money again.

The thing about GDSM is this:

NO PAID PROMOTION
NO TOXIC FINANCING
NO OR VERY LITTLE DILUTION
Phase 1 and 2 already financed and started
NO HISTORY OF CORRUPTION WITH THIS CEO - Also Takes Calls
Website
Facebook
Twitter
Tons of eyes on it

I have always said this is an INVESTMENT risk.

I truly believe anything under .10 will be looked at as a bargain.

So at these prices, it is a SUPER bargain.

If you believe they will get to Phase 3, 4, and 5 (and they have laid it all out there in the filings), then there will be NO ONE to hold this back, as long as they stand by there word of doing everything within the current share structure (which the repeatedly say).

When Gold Comes Up, and Each Phase Is Complete or In Progress (For Phase 3 and 4), You should see the value re-evaluted and it most likely will be in the Dollars.

Is there a guarantee? No. Neither was Wachovia or Lehman Brothers.

It is Capitalism. If you put down your hard earned money, you either lose it, or win big-time.

Again, the real test and the real money will be made when Gold comes up in big portions very early next year.

Set it and Forget It.

KNOW WHAT YOU OWN

WATCH
Quote:
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I've told you that GDSM doens't have the power to go to 0.02 again.
It will go more down the coming days...

LOL... Oh so true!

Go $GDSM GO !!!!!!!!!!!!!!!!!!

LOL oh its movin on down the road again.. LOL WTH... LOL

No worries, big days ahead. In the mean time...

I'm down but not worried as i'm in it for the long haul! GO $GDSM GO!!!

Another Day in the life...
Awwww Man!!!!! c'mon GDSM!!! : (

A Day In The Life of a GDSM shareholder...

WOW...(calls friend)ring-ring...Hello? Yo Dawg!!! I just found this Amazing stock for .0012...It's a GOLD PLAY!!! Yahooooheee(very excitedly) Hangs up phone & invests Big Dollars! In @ .0018 Woo-Hoo & feeling good about this one. Later that week...

Yo Mugsy...It's the Cops! Yikes!! Why now! Why here!! Lay low & hit that sell button,cuz' you need money son! "Time for you to light up out of there and take a small profit from your very lucrative investments."

Later that week...WTF!?!?!? up 1300% ???OMG!!!Nooooooooooooo : /
Our subject then runs a nice warm bath & grabs a razor blade-lol
Stay tuned...GO GDSM!!! Back in this with your big Gold Boot in my Arse,but still in @ a Penny or less!!! FEED ME SEYMOUR!!!! GLTYA

Thanks to those who are positive and still believe this is a winner. I've been here for 4 weeks now, still in the red. At least I'm still in college and can learn from mistakes like this, I'll hold out with the rest of you as I rather just sit on the shares I have rather than walking away with basically nothing.

1/3??? no way jose! I only plan on selling 1/16th of what i have at those low prices! :P

I agree MIGHTY MOUSE!!!!! GO GDSM!!!!!!!!