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In the end this will be just like 100's of other "Mining Company Claims" a GIGANTIC pile of dirt that is worhtless.
Nah, my bonus was just a sixpack of my favorite beer! You seriously think I am a paid basher, don't you? That is too funny........!
Not exactly sure what you mean by "to make it all look what you say accurate"? Are you saying that my research seems accurate, but is actually all lies? If so, I'd appreciate it if you could present some information to counter the "lies".
Didn't you hear, I am now working by the hour to bash stocks.....LOL!
Business is fine, thanks for asking.
Nice, exactly the same point I was trying to make about penny stocks. Thanks!
Hey Boxden, you post that this board is for discussion of stocks, then you spend your next half dozen posts slamming people, mostly me. Why don't you and $B_rich stick to stock discussions, and maybe folks like me would go back to ignoring you and not "messing up your board".
And don't think that you can say whatever you want here, there are still TOS to pay attention to.
You're kidding, right?
Well thanks, guess I am just a fast learner! If you haven't noticed, I rarely discuss financials - they are still a bit of a mystery to me. Especially in a mostly unregulated industry where it seems that anything goes.
No, and no.
Why would you have it? Post it.
I'd be the first to admit I am not entirely savvy with the penny stock market. But, I have sure received an education in the last year researching some of these mining stock scams. There seems to be a focus in two geographical locations - Boca Raton, Florida, and Henderson, NV.
Many of these scams even share the same attorney, and they seem to share BOD members (if they even have a BOD). You need a flow chart to sort out the whole WSRA/GDSM/GEAR/Gold Tech mess.
There is a huge difference between a bunch of guys in Florida who know nothing about mining running a penny stock, and a true start-up business. It seems obvious to me that guys like the Lovitos have no interest in ever mining gold or they would be talking to real geologists and engineers about doing real sampling programs on viable prospects. Their only intent appears to me to keep the game going long enough to have multiple rounds of dumping stock.
What percentage of pinkies do you think have real intentions of running a legitimate business and actually producing something other than selling stock?
You say "As a shareholder, you buy low and hope the heck they do right with the money they raise!"
I think it more likely that as a shareholder, you buy low and pray for enough gullible investors to join in after you, and drive up the price at which point you can dump. Am I close?
Don't give me self-righteous crap about helping poor little businesses get their start! You are a penny stock investor, and I suspect you know that most, if not all, are scams and you don't care. As long as you time things right, make a few dollars off a "run", you are happy.
My money is in my own company which was a startup from nothing, so don't tell me that I have not risked money.
What are you getting at? You can see the mining stocks that I usually post about - all scams. Are you saying that I am "bashing" them to lower the price so I can scoop up cheaper shares? I think you know better......
What have I lied about? Do tell......
Also, I am curious why you think I spend so much time on a stock like GDSM. I know why I spend so much time on GDSM (and a few other dubious Arizona penny stocks) and it has nothing to do with their stock price. But what do think?
I don't understand what you mean - that makes no sense. Are you saying that someone that posts negative opinions about a company like GDSM is exactly like GDSM? What?
I don't want to argue about it either, because there is no resolution. I guess you either have faith, and believe the money changed hands or you don't. Faith-based investing?
Too bad they are not a fully reporting company because that is one way it could be proven. Any financial disclosures by GDSM at this point are pure fantasy - they can say whatever they want.
Why would WSRA have any obligations to GDSM investors? The $50K payment by GDSM? If you assume the payment was made (which I doubt), how do you know what WSRA's obligations were for that cash? Maybe they have fulfilled their work that the money was for, and waiting on more cash to fund the next step?
Who knows for sure - these guys only dribble out a little information at a time, and none of it is to be believed based on past performance (or non-performance) at the Gold Star/Gold Crown.
You are seriously asking for proof that something hasn't happened?? Of course it is my opinion that no money has changed hands, but as I said before, almost everything on this board is opinion. Without opinions, it would be a pretty quiet chat board.
And you'd believe a pinkie PR over common sense?
Uuhhhh, okay....., thanks, I think.
I do find it interesting that the removal of information from a website could be construed as an "update". That is a bit perplexing...
I suspect the relationship has soured between WSRA and GDSM. The sampling at Gold Star/Gold Crown was done on a shoestring budget, and wasn't even finished. Exploration funding appeared to be a bit of a problem despite the PR's talking about $600K in funding.
Also, I do not believe that $50K actually changed hands between GDSM and WSRA for the "Azurite Mine" and I doubt that WSRA "owes" them any kind of updated report. Do you have any kind of evidence that the money actually changed hands?
DD? It is always amusing to see people use that term in regards to looking at a company website, PR, or pinkie financial disclosure. That isn't what I would consider DD. Although, seeing that a report is now gone from a website is significant in that someone is obviously getting nervous.
Real due diligence means checking CEO's history of failed businesses and their possible criminal pasts (not saying anything specific about the Lovitos, but just a general statement about due diligence). Also, checking for the status of permits, property ownership, regulatory requirements for mining, credibility of technical reports, etc.
I know all that kind of stuff is meaningless to most GDSM investors - it is all about the next PR and the next "run". But to people who are wondering if any gold will ever be produced by GDSM, it is important.
In my opinion, he was asked by their JV partner (WSRA) to remove the report because of concerns over the current AZBOTR investigations. Why else would he remove it?
I think it is obvious why the Azurite report was removed. GDSM can say that an "updated" report will be posted, but I suspect you will be waiting for a while. Just like the bucket sampling results - waiting, waiting some more, still waiting........
Yeah, possibly a new and improved report to be posted - can't wait to see it! But why remove the original report? What was wrong with it? Oh yeah, fake mining engineer credentials.
Just curious - Marc is CEO, and Ms. Driscoll-Hinton is the CFO, but who else is considered management of GDSM? Are any of the other Lovito brothers still connected to GDSM? Who sits on the BOD? Or is there a BOD?
Also, in reading through GDSM's December 2011 corporate update, what does this mean?
A tough economic environment for capital and strains on the Company’s resources caused Gold Coast to become delinquent on its disclosure and financial filings.
Of course it is my opinion. Everything posted on this board is opinion unless backed up by copies of something like permits (see the i-box). Two or three months since those permit documents for the bucket sampling program were posted on this board as "unverified". Plenty of time for someone to provide proof they were fabricated or altered in any way.
Maybe it is time to remove the word "unverified"? Or not, who cares? I think any intelligent person taking a look at the permit can decide if they are real or not.
Azurite report - gone....!! Gee, what happened to the Azurite report? Suddenly gone from GDSM's website. Maybe someone got nervous about unlicensed engineers (Jenkins and Stoddard) performing work for a property owner (the Whartons)? Maybe the current investigations by the AZBOTR are giving someone cold feet?
Removing it now - too late! It already prompted several complaints to the AZBOTR and their case file is now over an inch thick (according to the investigator assigned to the case).
What does the price of gold have to do with GDSM? GDSM has no reserves, no past production, no hope of production, no experience, just a couple of reports written by a fake mining engineer under investigation by the State.
Price of gold could be $3,000/ounce and it would be the same story.
Lucky - thanks, just a few pictures to prove there are pines in Arizona!! I happen to have one in my back yard too, although being the desert, it needs a little help with watering.
Aside from discussions of pines and monsoon rains, and whether roads are washed out or not, which are all pretty much irrelevant, I too am looking forward to a new PR from GDSM. Can't wait for their next big announcement!
Hopefully GDSM will announce something about their magic process that removes gold from old tailings without use of water, and without environmental permits. It will be an absolute breakthrough for the mining industry and will allow hundreds of old mines in Arizona to re-open.
If it is the process that I think they are talking about, I hear it also removes petroleum contamination from beach sands. Another technological breakthrough!
I believe that posted picture of a "cabin" was meant as a joke - I am sure that the "cabin" at the Azurite property is more of a "fixer-upper". And there are certainly plenty of pine trees in Arizona - come visit sometime!
Also, the monsoon season is about over, and the winter rains (not monsoon) begin in October and go through March. At the Azurite property, they might even have to deal with some snow beginning in another month or two, as the elevation is well over 6,000 feet (they're up in the pines). Even snows once in a while down in Skull Valley, but doesn't stick around for more than a day or two.
As for the GDSM PRs and financials, you are absolutely right - fake, phony, fabricated!
You are wrong. How in the heck could I possibly know that someone was going to be replaced as a Mod, a MONTH ahead of time. And why would I care?
Please go find that post again and I think you will see that it had nothing to do with a Mod being replaced. That's ridiculous.
Okay, $b_rich, that is absolute BS! I had no idea about a Mod that was "going to be replaced" thirty days later. You completely misinterpreted that particular post that you saw from me - I was not referring to a Mod, I believe it was Jenkins or some other topic that I was addressing. I can't even remember what that post was (although I am sure you know exactly which post it was since you spend an awful lot of time cataloging my old posts). At that point, I was not a Mod on any board, did not want to be a Mod on any board, and had no interest in who was or was not a Mod.
You seem to think I had some special insight into who was going to be removed as a Mod, but that is absolutely false. So, leave me out of this big conspiracy theory you seem to have.
Alright, I guess we're all just a bunch of monkeys, no argument there!
As for deregulating, ain't gonna happen. Nobody wants a return to 1880 when a mining company could just dump tailings into the nearest gulch. Do you really want to see that?
My monkeys?
I am not going anywhere and will be watching this "Azurite Mine" development very closely. If, by some miracle, the Azurite Mine can be brought into production somehow without benefit of the APP permit, it opens up a lot of doors in Arizona mining. It basically will signal that ADEQ no longer cares about the many old piles of tailings that dot the hillsides. However, I do not think that ASARCO or Freeport will let that happen, as they are the real power brokers in Arizona. It is not in their interests to allow a bunch of crappy little mining operations start up without regulatory oversight.
I don't care whether GDSM crashes to new lows, or "goes to da moon!" - makes no difference to me. All I know is that they will never produce any gold - it is a penny stock play, pure and simple.
My concern with GDSM is the reports they are using to market their "mines" and the authors of those reports who are violating Arizona law, in my opinion. These guys have been peddling worthless mining properties for the last 20+ years and the AZBOTR is currently conducting investigations (as you know). It may be another month or two, but their decision(s) will eventually be handed down.
And I have little to do with SIRG - have only posted maybe three or four times on the SIRG board.
Calm down - anybody that allows open access to their Facebook pictures (kids and all) has got to expect a wide variety of folks to see them. I cannot understand why anyone, particularly a family that is in the business of penny stock scams, would allow open access to their Facebook photo albums. Regardless, because of the kids' pictures, my post is now gone - at my request. I couldn't care less about the Lovito brothers - their pictures are fair game.
As for karma being real, you can believe what you want. If real, I believe the Lovito clan has a lot to answer for themselves.
I know you are just copying someone else's post that supposedly "explains it all". But think about it - how can they produce anything, when it takes a year or more to obtain an Aquifer Protection Permit for a mine? No APP, no production. Someone is fibbing bigtime.
Hey bud, ask to be a Mod, and you may get your wish! I was surprised too, but being a Mod is not about being yet another cheerleader. What does it matter if I am a Mod - I have kept my deletions to a bare minimum. The Admin and others seem to be keeping a pretty tight lid on things on the GDSM board.
As for being an "instigator", thanks, I take that with pride. Prove me wrong on anything I have said on any board (including GDSM). I don't like frauds, cheats, and scammers, and those are the boards you typically see me posting on.
As for posting the links to the Lovitos family portraits, I wasn't the first to do so. I do wish the kids pictures weren't in there, so maybe I'll go back and delete my post. But, if you're a public figure and running a scam outfit like GDSM, it might be a good idea to make your Facebook album a private thing.
Price of gold is irrelevant to a company like GDSM that has never mined an ounce of gold, has no reserves, and whose JV partner cannot even complete a simple bucket-sampling program. Too funny......!!
Can't wait for the next PR to see how they are going to distract investors from their failed schedule and their failed sampling program. Maybe they'll disclose something about their magical gold extraction process which doesn't require water or permits? That might be good for a little run and keep the more gullible investors happy for a few days.
So, in Canada, you really can get in trouble for appraisals of "in-ground" resources? How often does the SEC go after these kinds of appraisals? I know someone in Prescott that has issued many of these phony appraisals in the last 20 years, including two that are currently being traded by GDSM.
In one case, Silverado said it had identified $41.2 million worth of "inferred in-place antimony resource" in just one small segment of its Alaska property.
Under pressure by the commission, it admitted this estimate "does not consider factors such as costs and, as a result, overstates the potential value of the deposit."