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Increased volume is always a good indicator.
Showing strength here.
Agree 100%
Or in this case, since IGMR does not appear to have any stock (public or private), there may only be a one way issuance or acquisition in exchange for funds. The questions are... how will IGMR obtain (purchase) their interest in GDSM? How much interest do they want? Will they buy from the open market? Have they been part of the monthly accumulation we have already seen? IMO, the potential here just significantly increased.
A lot of invalid "knee jerk" opinions and assumptions are made here. It would serve everyone here well if some research was done before definitive comments were made.
IMO, the merger is not the end of any previous JV between GDSM and WSRA but instead a means of achieving their goals of putting them into production. The excitement here is warranted because a merger, if successful, can add value on many levels to GDSM and significantly increase the PPS.
The prospect is not about GDSM funding the properties that IGMR holds. IGMR came to GDSM, not the other way around.
Not correct. 2 Ravinia Dr Atlanta, Georgia is a corporate office complex.
http://maps.google.com/maps?q=2+Ravinia+Dr+Atlanta,+Georgia&um=1&ie=UTF-8&hq=&hnear=0x88f5094317c5e567:0x37799132e6274446,2+Ravinia+Dr,+Atlanta,+GA+30346&gl=us&sa=X&ei=wsdhUM__H4m70QH4uID4BQ&ved=0CCAQ8gEwAA
The market is fickle and will take time to head in a "like minded" direction. IMO, all of the seemingly non-linear lines that GDSM has pursued will all come together at a point and the progress and details that we all want to see will manifest. This merger could very well be what brings everything together for us.
Do some DD. International Gold Mining Reserve Corp. is not a pinksheet company. IMGR is a privately held company and not traded on any market.
The JV with WSRA is still in effect and is moving forward at a pace that is economically feasible.
The interest of IMGR and potential merger with GDSM only adds greater potential for success.
The investors tab has been blank since the website was created.
Well it is obviously not because I hold many millions and I am not the slightest bit concerned.
Actually, I think what is being talked about it the 60M outstanding Series E issued in 2009. If that is the case, it's of no concern to me what happened over 3 years ago.
The 40M remaining Series E is of no concern either. The recent filing stating the increase from 60M to 100M is just catch up paperwork anyway. The increase was done in 2009.
Actually that is not true. They can't convert preferred shares higher than the common AS which is currently at 750M. The preferred Series E shares have a 1 year restriction so whoever receives them can't "immediately" do anything with them. Also, GDSM doesn't have to issue any or all of the shares if they are not required to do so.
The structure of the Series E shares looks like they are going to be used for the securing of funding.
LOL good one!
Here is a simple chart. Notice Accum/Dist line. Yes, accumulation is occurring and has been for a while. The PPS is down for the moment but it won't remain that way. Notice the positive divergence on the MACD. We have established a base at the 0.0025 / 0.0030 range and are looking primed for another leg up.
Guilty until proven innocent?
Seriously?! No lender in their right mind is going to fund debt. SIRG is currently in the hole by over $600k and growing. That will have to go away before any lender will touch them with non-toxic terms.
You better look again. SIRG is still dumping through Asher. VERT highly active through last month.
Mar. 23.7 million
Apr. 27.6 million
May. 1.9 million
Jul. 4.7 million
Aug. 4.7 million
...and $224,000 in convertibles due by Feb. with interest accruing. It is a guarantee that many millions of shares will be dumped to cover that amount.
What's the saying?... "Don't throw stones if you live in a glass house.
Considering that GDSM has only cleared 15 million shares through VERT for the entire year, that is nothing that would concern me.
On the other hand, SIRG has cleared 137 million through VERT so far this year. What does that say?
Yes indeed! Nice volume and nice PPS increase. This looks familiar.
That is not correct. 15,603,692 is the shares that have gone through VERT for this entire year.
Seriously?! ROFL ETRF is E*Trade. Too funny.
A non-issue IMO.
It's just the SEC not receiving a filing on time. SIRG did file so it's probably a mistake on the SEC. It's nothing to be concerned about unless SIRG is delinquent 3 times in a 2 year period.
The filings and the transfer agent. See here...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78855383
that is from today.
Read the past few 10-K and 10-Q reports.
That is a true statement. Not remaining that way is what is of major concern here. The entire share structure is getting larger by the day.
That is one way to look at it I suppose. Reality is quite a bit different than that sentiment however.
How long should it take before the MM's will recognize the chill removal?
Why didn't SIRG include the DTC release document in their PR?
It is not possible to claim with any certainty or fact that 70 Million shares are not being sold. Since the shares are not restricted, the fact remains that the shares can be sold at any time at the discretion of the holder. Therefore, those shares must be considered as part of the float.
Security Ownership of Management:
J. Rod Martin-CEO and Director (3) 10,587,467 3.1%
Timothy Benjamin – Chairman of the Board (4) 4,576,000 1.5%
Luis Munoz-Director -- *
Michel Rowland-Director 300,000 *
Ricardo Cordón – Director (5) 4,210,000 1.4%
Brad Hacker-CFO, 5722 S. Flamingo Rd., Suite 151, Ft. Lauderdale, FL 33330 100,000 *
All directors and officers as a group (6 persons) 18,572,302 6.2%
So, all that has been claimed by Management is 18,572,302 and that number includes some restricted shares (not included in the float) and some shares not issued (also not in the float). 70 Million is quite inflated from actual.
Monday and Tuesday of this week was a long time ago?
The float is actually 296,348,085. Breaking out 70 Mil. and claiming held by insiders and long term is not common (or good) practice.
A 1000x increase is a bit much for an estimate. + or - 5% is typically acceptable.
Uhm... ???
31,000,000 x 0.03 is $930,000. I don't even need a calculator for that.
The math is way off here...
Even Jason Cooper sold his 31+MILLION shares during the run-up in the first quarter. He could have banked some $900,000,000 of investor's money.
Current share structure per Pacific Stock Transfer as of 8/23/12:
Class A Common stock: 440,000,000 shares authorized
Class A Common stock: 347,833,085 shares outstanding
Class A Common stock: 296,348,085 freely tradeable (float)
Class A Common stock: 51,485,000 restricted
Class A Common stock outstanding shares has increased by 12,212,798 since June 30,2012.
Class A Common stock float has increased by 74,137,931 since ???
Class B Common stock: 200,000,000 shares authorized
Please keep responses non-personal and on topic.
Why don't you read the 10Q again and maybe you will find a clue? But why not give Jorge a call and ask him since you appear to find it relevant?
Thanks bobbs!
Where does this come from...
Operating cost will be approximately $1.06 per pound of copper produced, including project administrative costs and indirects.
7.3. Operating Cost Calculation
Cost Item Cost/Month Cost/Pound
Manpower $ 63,995 $ 0.142
Acid ($95.00/Ton) $160,769 $ 0.357
Reagents $ 18,500 $ 0.041
Kerosine $ 30,000 $ 0.067
Electricity $ 67,500 $ 0.150
Misc. Repair Parts $ 5,000 $ 0.011
Mining $153,560 $ 0.341
Administrative $ 3,000 $ 0.007
Corporate Overhead $ 15,000 $ 0.033
Pad Expansion Cost (20,000 ft2/mo) $ 40,000 $ 0.089
Crushing/acid cure $ 30,000 $ 0.067
Total Cost $587,324 $1.305
That is not the case. Here are the terms of SIRG convertible notes...
The holder of shall have the right from time to time, and at any time during the period beginning on the date which is one hundred eighty (180) days following the date of the Convertible Promissory Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount, to convert all or any part of the outstanding and unpaid principal amount of this Convertible Note into shares of the Company’s Common Stock at a conversion price representing a discount rate of 42% of the then going Market Price which shall be defined as the average of the lowest three (3) Trading Prices for the Company’s Common Stock during the ten (10) Trading Day period ending one Trading Day prior to the date the Conversion Notice is sent by the holder of this Convertible Note to the Company.
The Company entered into a Convertible Promissory Note with Tangiers on October 14, 2011 in the amount of $31,500. The note has an interest rate of 10% with the maturity date of July 14, 2012. The Company has renegotiated the terms of the note. The new terms require the Company tomake two payments of $18,750, which one payment has been satisfied, and issue 3,000,000 shares of common stock to Tangiers. Outstanding Balance: $18,750
The Company entered into a Convertible Promissory Note with Asher Enterprises Inc. on January 13, 2012 in the amount of $37,500. The note has an interest rate of 8% with the maturity date of January 7, 2013. Outstanding Balance: $38,922
The Company entered into a Convertible Promissory Note with Asher Enterprises Inc. on February 29, 2012 in the amount of $30,000. The note has an interest rate of 8% with the maturity date of February 23, 2013. Outstanding Balance: $30,802