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Does this company even have a Duns #?
Good question; part of me says no, I don't think Obama would want a collapse on his hands into the second term.
Or, maybe he does? I'm not sure.
The republicans wouldn't like it as lending is tight enough as is. Another crash will push lending into extinction. Making financing for everyone else even harder to get as the government crowds them out for borrowing.
Man, we got some pretty bad news in the market my brother... GLTU!
"No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that’s why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag."
Source: http://www.moneynews.com/Outbrain/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=FE8A-1
Thanks for the info Jim, things have been great. I hope all is well on your end as well!
This has been shaping up nicely ;)
Is their homepage is down? Link above doesn't work. Looking for an email to contact them by.
Thanks in advanced!
To all who replied to me;
Yes, yes. Obvious is obvious. Again, more fluff. Another, typical stinky pinky move on another average, regular, run of the mill OTC stock market day.
LOIs = useless. Non-binding agreement and IMHO simply fluff. An LOI does not have any legal basis for binding both parties to committing to the deal.
1.2M sold
200K~ bought
Why paint it? Crash it down and corner the shares and run her up. The company is obviously diluting trying to maintain the best price possible.
So what would make 'red flag questions' not matter... a pump?
O/S needs up dating... new count is @ 1,892,630,554 per: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=89069
WOW!
What claim!
Care to give the arithmetic as to how you arrived at that valuation?
Sure is, but since June nearly 200M+ shares have been traded, where are these shares all coming from?
Well, the price action has dwindled and there seems to be not nearly as much interest which coincided with the run up of volume and the topping off / decline of said event.
Today is pretty ugly with only 7,000 shares being bought against the 600,000+~
Same story and again we have not seen a real material update, a lot of look behind this door, look behind that door, etc.
To me, I seen a number of other mining companies do the exact same thing and they no longer trade today.
Lies, GDSM has had plenty of news and the pps only went down.
There is a business plan in place and the company cannot become current until it has 3q's published.
We're almost there.
(mod please delete, double post)
I disagree completely with that statement.
Ron Brooks published PRs that were complete and utter b/s. No basis in reality all of the deals were actually never even remotely followed through.
This is unfolding slowly and tbh it is heading in the right direction. So far... Normally into the end of the year is usually the time for commodity roll overs, or in other words, people roll out of the physical holdings into producing companies.
But, I will say this is like watching paint dry.
Kind of agree, chart accumulation has proven thus far, to be sincere and genuine.
Aug 23, 2012 Quarterly Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=89069
General information about the claim area:
Goldfield
Other names: Grandpa, Sandstorm, Diamondfield, Quartz Mountain
County: Esmeralda, Nye
Discovered: 1902
Organized: 1902
Commodities: gold, silver, copper, lead, arsenic
Comments: Centered on the town of Goldfield. First named Grandpa, then changed to Goldfield.
The Goldfield district sometimes includes the separate Diamondfield district to the north. The
Quartz Mountain area is in Nye County, about 10 miles east of Goldfield.
References: Stuart, 1909, p. 46; Hill, 1912, p. 206; Lincoln, 1923, p. 67; Stoddard, 1932; Gianella,
1945, p. 53; Kral, 1951, p. 72; Lawrence, 1963, p. 65; La Heist, 1964, p. 66; Cornwall,
1972, p. 38; p. 38; Albers and Stewart, 1972, p. 67; Bonham, 1980; Ruetz, 1987, p. 114
----------------------------------------------------
Metallic (not shown on plate)
County: Nye
Comments: Described as “95 miles east of Pine Grove,” Metallic was possibly the same general
location as the historic Volcano district. Metallic City was in the Candelaria district, but was at a
later date and probably not related to this Metallic; the exact location is unknown.
Reference: Territorial Enterprise, January 31, 1871, 3:1
http://www.nbmg.unr.edu/dox/r47/r47.pdf
U.S. DEPARTMENT OF THE INTERIOR BUREAU OF LAND MANAGEMENT
BLM > Nevada > Land Records Search
http://www.nv.blm.gov/LandRecords/map.php?quad=goldfield
This post contains all updates given until this posts date.
Highlighted in bold are things of importance.
Mr.Muller has stated clearly in each PR, what he is doing and what has been done.
Thus far, he has kept his promises.
OTC Disclosure & News Service:
GMUI — Interim Financial Report
http://www.otcmarkets.com/financialReportViewer?symbol=GMUI&id=79967
----------------------------------------------------------------
May 02, 2012
OTC Disclosure & News Service
Currumbin Waters, QL, Australia -
SOCU Commences Sweeping Changes
Standard Oil Company USA Inc.(US Stock Symbol: SOCU) today announces a sweeping change. This information is being provided to ensure ongoing market disclosure requirements are maintained as the company moves forward with these changes to take advantage of potential new opportunities.
Company Officers and Company Directors Mr. Ronald Brooks, Shirley Leiben and Stan Casad are no longer involved in the operations or management of the company.
Mr. Alan Muller of Queensland, Australia has assumed the position of company President/CEO and Mr. Maurice Byrne has recently been appointed as Chairman and Secretary.
“We feel that changes are needed to be made in the interests of shareholders, allowing the company to explore other objectives. It is time to review the company’s current direction, evaluate and make changes accordingly.'
“We will continue to refine the company and look for new opportunities and we are also in the process of a company name change request through FINRA.” Alan Muller stated.
http://www.otcmarkets.com/stock/GMUI/news/SOCU-Commences-Sweeping-Changes?id=46227&b=y
--------------------------------------------------------------
SOCU Annouces Company Name Change
May 25, 2012
OTC Disclosure & News Service
Currumbin Waters, QL, Australia -
GOLD MINING USA INC. (US Stock Symbol: SOCU) Announces Company Name Change
May 25th 2012
Gold Mining USA Inc.’s, President and CEO Alan Muller and Chairman/Secretary Maurice Byrne would like to formally announce that the company has undergone a name change through FINRA and will no longer be known as Standard Oil Company USA Inc.
Gold Mining USA Inc. (SOCU) will continue trading under the current symbol and will proceed to apply for a new trading symbol in the near future.
Gold Mining USA Inc.’s main focus is now gold exploration. The Company will focus on the acquisition and development of gold and base mineral resource properties throughout the USA and other parts of the world that demonstrate a reasonable probability for near term production.
Mr Alan Muller, Gold Mining USA Inc. Company’s President is quoted as saying, “I would like to take this opportunity to express my excitement regarding the name change and look forward to the future.”
http://www.otcmarkets.com/stock/GMUI/news/SOCU-Annouces-Company-Name-Change?id=48052&b=y
-----------------------------------------------------------------
GOLD MINING USA INC. (US Stock Symbol: SOCU) Acquires USA Metallic Goldfield Mine Claim.
Jun 20, 2012
OTC Disclosure & News Service
Currumbin Waters, QL, Australia -
Gold Mining USA Inc. (SymbolSOCU) proudly announces that the Company has recently acquired the 20 acre unpatented mineral rights claim in Esmeralda County, Nevada, in the heart of the Metallic – Goldfield mining district.
Gold Mining USA Inc will now perform a Geological Evaluation Report on the property and upon completion of the report details will be made available to the shareholders of the Company.
Mr Alan Muller, Gold Mining USA Inc’s President, is quoted as saying “Recent reports show that Gold mining in Nevada is booming, and one of the largest producers of gold in Nevada currently has its operations in the historical mining district of Goldfield. Nevada produces approximately 80% of all the gold in the United States, ranking it as the fourth largest producer in the world.”
Mr. Alan Muller, also says, “I would like to take this opportunity to express my delight in the acquisition of our first mining prospect and the company will continue to focus on the acquisition and development of gold and mineral base resource properties in Nevada and Australia.”
http://www.otcmarkets.com/stock/GMUI/news/GOLD-MINING-USA-INC---US-Stock-Symbol--SOCU--Acquires-USA-Metallic-Goldfield-Mine-Claim-?id=49193&b=y
-----------------------------------------------------------------
Gold Mining USA, Inc. Proudly Announces New Trading Symbol - GMUI
CURRUMBIN WATERS, Queensland, Australia, July 19, 2012
/PRNewswire via COMTEX/
-- Gold Mining USA, Inc. (Other OTC - GMUI) proudly announces that the Company has applied for a voluntary symbol change request through FINRA and the request has been granted and the new symbol will be (GMUI) effective 7/17/2012.
The new trading symbol (GMUI) is now a better representation for the new company name Gold Mining USA, Inc. that was officially announced on the 24th of May 2012.
President and CEO Alan Muller and Chairman/Secretary Maurice Byrne are excited with the new symbol and look forward to the future of the company.
Gold Mining USA, Inc.'s main focus is now gold exploration. The Company will focus on the acquisition and development of gold and base mineral resource properties throughout the USA and other parts of the world that demonstrate a reasonable probability for near term production.
On June 21st 2012, Gold Mining USA, Inc. proudly announced that the Company had recently acquired a 20 acre unpatented mineral rights claim in Esmeralda County, Nevada, in the heart of the Metallic - Goldfield mining district.
Mr. Alan Muller, Company President, is quoted as saying, "Recent reports show that gold mining in Nevada is booming, and one of the largest producers of gold in Nevada currently has its operations in the historical mining district of Goldfield. Nevada produces approximately 80% of all the gold in the United States, ranking it as the fourth largest producer in the world."
Mr. Alan Muller also said, "I would like to take this opportunity to express my delight in the acquisition of our first mining prospect and the company will continue to focus on the acquisition and development of gold and mineral base resource properties."
http://finance.yahoo.com/news/gold-mining-usa-inc-proudly-130400556.html
Talk to some of your buddies then, these are mostly retail sales today. Minus the huge 900,000 x2 craps someone took.
3,300,000~ sold
vs
14,500~ bought
IMO, we have a lot of shoring up to do.
Not sure what Mr.Muller is doing, but how about we revise a few filings sometime this century?
Forms: 10K , 10Q & 8K
The company is going on a year old and we still have a yield sign.
This is becoming fairly thin. Was easily walked down on 400,000~ shares...
There's plenty of shares out there... you can kindly buy them off of the ask.
lol.
Yes, we do too. Anyone who is afraid of both sides has an agenda. That is evident.
But this is more of the same, nothing has come up for material substance that adds real value to the company.
That's what we're calling this now? I've been $3,000 deep for two years now. I prefer the word, coma.
Just to reiterate it from the horses mouth...
"We generate a substantial majority of our revenue from advertising," the company said in this week's filing
Next year by this time, it will have bottomed out and will be around $5-9 $/pps.
Be realistic, this company has only been successful through the monetization via Goggle Ads. Secondly, it is more or less a phishing experiment to see how much information can be collected on your likes/wants/desires/attitudes/etc.
It is a marketers heaven.
BUT, here is the catch... someone typically has to be behind a desktop or so, with people using mobile devices, this only makes FBs life harder in the game to make money, selling you some bullcrap you don't need.
Appears to be a new addition to the website...
Reasons to Invest in Gold and Precious Metals Mining Stocks in the USA:
1) USA provides stability of investment climate, which protects you from many forms of fraud and other forms of risks, especially those you might experience in the countries with political and economical instability. Business law exists in USA for hundreds of years, and it’s a common sense law. Experienced lawyers will be able to protect your interests starting from the preparing of necessary JV, loan or other documents. Title agencies in USA perform a title search, if real estate is involved, and insure the title.
2) If you invest in mining, you do not have to worry about visas to visit your business; it’s much easier than investing in real estate.
3) American mining companies operate in an exploration sphere and precious and non-ferrous metals mining all around the world, so you will be able to choose a project you like and located in the geographical area of your preference.
4) USA has a lot of natural resources, and especially minerals. Mining has been practically stopped during the Second World War. People switched to other areas of activity. Mines remained closed. But, many are flourishing NOW because of the price of gold and other precious metals! This industry started to rebound only in the end of the last century, and now it’s quickly growing. Despite the quick growth, we are pretty sure that the precious metals and non-ferrous metals mining industry is substantially under-valued in USA.
5) Prices of gold, silver, platinum and many non-ferrous metals are skyrocketing, and it looks like a great upward movement is developing. Because of this gold mining stocks in the USA are hotter than ever!
6) Many placer gold mines which earlier could not be developed with economically viable results due to relatively low grade of gold or due to the fact that fine gold (micron particles), constituting the major fraction of gold had to be extracted with chemical methods. Nowadays, micron particles of gold may be extracted effectively (over 95%) by modern gravitation separation technologies and machines using water and power only, and prices of precious metals stimulate developing of mines with relatively low grade of precious metals. Sometimes, the ore from hard rock mines demands chemical processing. Newly developed closed-circuit chemical methods of ore treatment consume less water, making it easier to get necessary permits and keep mining environmentally friendly.
7) Mineral mining law in USA makes it easy to claim and hold land for mining purposes. Some mining land can be sold and inherited as a real estate. There are three types of land which could be used for mining in USA.
8) Some small gold mining companies in USA currently do have sufficient funding sources to finance development of many very well explored precious metals mining projects, based on small and medium size mines.
9) Amounts of funding required for every particular gold mining project could be relatively low because many mines are turnkey ones and ready to go, often even with equipment installed. There are some mining claims available where geological reports are impressive, reserves are well proven and permitting is done already.
10) Gold bullion or nuggets as well as the ore or concentrate could be kept after produced by the mining company without paying taxes until it is sold in the open market. This fact allows gold mining companies to sell precious metals on the peak of their prices or just borrow against the bullion.
11) Climate in the USA (except Alaska) and Central America mostly calls for 12 month operations, making it easier to achieve high return on the investment than if you mine precious metals in Canada, Siberia or Alaska having a operational season of 5-7 months in the best case scenario.
12) Reserves of precious metals may be placed on the balance of your enterprise according to certain rules, so the book value of the company may grow even before you start gold mining.
13) Taxes and accounting are very easy tasks in USA when you use professional companies for this purpose.
14) It’s a myth that only in Africa or Russia you may do as good as 50%-100% return per year. Stocks of some small USA mining companies made much over that this year already.
That's some pretty positive news released!
Well accumulation is obviously occurring over the last few months. I am still, highly bearish on management. IMO, there are too many red flags - the recent turn towards the azurite mine was a cloak and dagger move, imo.
As a chart play, it is setting up for a breakout. It is pretty hard to discern which is real demand and which is manipulation.
Currently, I am still bearish, unless material events are forthcoming that can legitimize the transfer of assets between certain individuals and why the initially announced assets have seemingly gone on to the back burner.
Obviously, I don't believe that shares are not being added. The T/A is gagged and it seems that a small amount trickled out after Feb/March.
But considering accumulation levels the price is considerably higher than it was prior to mentioned levels.
Idk, I've got my popcorn ready.
Hot air, that's all this is.
Very cool, I think in my spare time I may begin doing this as well.