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Somewhat humorous that you said this on Friday:
"I have been holding this badboy since .0017 sitting on 9K in profit"
I would try to get your shares early tomorrow in case the JV financials and 8k are released. GLTY
I think a good portion of the float is in strong hands. It is absurd to sell right before major news is released. I think many are at least holding until they can re-evaluate their investment when the JV financials and the 8K is released. If the news amounts to what many of us feel it will, everyone will be holding for much higher gains afterwards IMO.
What we have is GOLD! It is taking everything I have to not start laughing out loud while at work today. I mean, can't they come up with some reason they think it will go down. They could at least sound like they are making an educated suggestion then. LOL... GO GDSM!
ETMM trying to hold this back?
Agreed! This is going much higher IMO. Major news to be released this week!!
We have had several new MMs since we passed the 0.01 mark. That is a great sign that you are in a stock that is going places. This deal is HUGE IMO! I can't wait to see the financing information and the 8k! Go GDSM!!!
Either way, it only goes UP UP UP!
Apparently, you are oblivious to the current status of this company. They are just getting started IMO.
According to the terms of the JV, Gold Coast will have a 50% working interest in the claims in exchange for funding the JV into production. The JV Agreement also grants Gold Coast the option to acquire the claims outright for $3.5mm. The parties have worked together and combined resources to arrange the funding of Phase I and Phase II of the development plan to advance the claims toward production. This funding effort has been approached and structured to accomplish 2 main objectives; the advancement of the project through Phases I & II and the commitment to avoid toxic financing and/or a reverse split. The funding structure will accomplish those objectives and will be disclosed in its entirety.
Marc Lovito, President of Gold Coast Mining, stated, "We are fortunate to have a mining partner and investors that see the big picture on a post-funded basis. It has been our goal to make our partners see the potential valuations after Phase I and II are completed and to base the necessary funding on those values rather than the values before funding. With that said, we are very pleased with the structure and believe our shareholders will be as well."
Lovito continued, "The final documents related to financing are being completed and will be released along with a Form 8K filing over the next 7-10 days."
Historical documentation indicates a possible mineral resource of 6.75 million cubic yards of ore. The average ore tenor is estimated to be 0.015 oz/yd. or in excess of 100,000 total ounces of gold. Subject to permitting issues, initial exploration work will begin immediately to evaluate and correlate historical data while preparing a long term mine develop plan.
The Company maintains the position that while it may need to issue shares as debt is settled and as part of securing funding for the joint venture, management has been and remains committed to no reverse splits and/or toxic financings as part of this process. The issued and outstanding stock remains currently at 579,887,086. The Company intends to update shareholders on any share issuances that may occur going forward, along with the purpose behind any issuance.
The MM are trying so hard to keep it below 0.03 right now, but they are really struggling. It's so funny to watch them.
Thanks!
I think the key to that statement is the "officers within" portion. They are individuals that hold a stock. How does that make them any different than me? We have had such major volume that the amount of shares they have is minute. Plus with the extra attention that they bring to GDSM, the shares they sell will be easily absorbed. The most important thing is that they are NOT A PAID PROMO. Our share structure remains the same.
From a previous post about the Bird Gang promo:
Specific Compensation Disclosure: Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type and amount of consideration. The Bird Gang LLC has NOT been compensated for this promotion by any means whatsoever. Officers within the Bird Gang Stocks LLC own personal shares of GDSM and may liquidate these shares at any time. Shares will be sold into the promotion of this stock, so investing in it as a result of this mailing suggests that you have no qualm with this.
I hope it doesn't gap in the morning as well, but I think it probably will. We have a lot of new investors looking to get into GDSM early tomorrow. The good thing is that the gaps have been filling relatively quickly, and then it heads right back up.
I think that this deal is going to surprise quite a few people. We will have confirmation this week. I certainly wouldn't want to be without shares right now. This stock is going nowhere but up IMO.
20MM shares should be enough to cover the buyout as well. IMO
No idea at this point, but based on what I think is a conservative valuation, 20MM shares should just about do it. However, I would be comfortable if they were to issue up to 50MM shares.
I too would love to be able to go buy my personal island with the profits from GDSM. LOL... Who is to say that it won't hit at least $5.00? The sky is the limit with this stock IMO! Dream Big!!!
You definitely picked a winner this time. The GDSM chart has a great pattern of consolidation at each new level, and it is primed for a blue sky breakout. This company is moving on its own merit, and they are just getting started. We will see huge gains over the next few months IMO. Sit back and enjoy the ride!
It is more like there are many investors that are confident in their investment expressing their feelings about GDSM. I wouldn't want anyone to miss out on this because they didn't realize the potential GDSM has.
I still think that there is a good chance that BMO Capital Markets could be the source of financing for GDSM. If so we are truly GOLDEN! Take a moment to go through this pdf that was posted last night. They are a "single stop provider" that could meet ALL of GDSM's needs.
http://www.bmocm.com/knowledge/sector-coverage/mining/images/metalsandmining.pdf
"Backed by BMO Financial Group’s total assets of US$479 billion*, BMO Capital Markets can provide the capital your ambitions require. Our lending solutions include traditional loans and commitments, asset-based lending, complex structured, acquisition and project financing. We also provide broad access to the world’s capital markets."
Who would you rather finance a mining operation, a small lender with no experience in the gold mining industry or a HUGE (multi-billion dollar) financial institution DESIGNED for the mining industry? If this is our corporate partner then this is much bigger than any of us have yet to imagine.
Thank you for posting the pdf! IMO, it is very possible that the BMO Financial Group could be the source of funding for GDSM. If so this is HUGE! They provide everything that GDMS could need to make this a successful endeavor.
"Backed by BMO Financial Group’s total assets of US$479 billion*, BMO Capital Markets can provide the capital your ambitions require. Our lending solutions include traditional loans and commitments, asset-based lending, complex structured, acquisition and project financing. We also provide broad access to the world’s capital markets."
"BMO Capital Markets offers a complete suite of products and services. We are a single-stop provider, regardless of your company’s size, stage of development or target markets. Depending on your needs, you may use a combination of our capabilities, or only one. Our experience and deep sector knowledge enable us to develop the solution that fits you best."
If you do a little research on ASCM, you will find that they are many things, but a scam is most definitely not one of them. This company has some serious money, and they wouldn't waist their time on a scam. IMO GDSM is a life changer for us, and some serious $$$$ for them.
If they were not certain that GDSM is going to have some major gains, a company that large wouldn't waist their time and money securing shares. It is quite possible this new MM knows something that the general public doesn't yet. IMO that is a good sign!
I always assume they are talking in terms of business days, and this was released on Feb. 14:
"The final documents related to financing are being completed and will be released along with a Form 8K filing over the next 7-10 days."
So, the 8k should be released on or before next Tuesday (10 business days). GDSM has been really good at meeting the time lines they provide. If the news is as great as we all think it will be, you might just end up regretting setting on the sidelines IMO. GLTY
I sure don't think it will stay there long since the new MM ASCM got the shares they wanted. They had total control the majority of the day. I would definitely pick up shares early! We should see a nice green day tomorrow. GO GDSM!!!
We are all glad that you found the right path in the end. LOL... GDSM is going to make us all some major $$$$.
There is such a great group here that the bashers don't stand a chance. Most of the ones we had ended up buying in and changing their view. Kind of funny actually...
In other words, you decided to panic sell, and you are now pissed at GDSM. This is a great day for consolidation, and the shares that are sold due to the shake today will be making great gains in the near future. If you would like to bash GDSM, please do the research before you make random accusations. Provide the DD and perhaps then I just might listen. LOL...
Consolidation only creates a stronger base. We have a new group of investors still entering here, and the people that sold because they were "down" are going to be regretting it very soon IMO! I'm holding out for when GDSM enters the dollars.
I don't think he has missed the boat just yet, but he sure is trying. Let's hope that he realizes the potential of GDSM before he really does miss the boat.
You haven't been in the pinks for long have you? The float is
380,018,336. That is actually pretty darn good for this market IMO.
Perhaps you haven't actually taken the time to read all of the PR and DD for GDSM. With an 8k being released by Tuesday, there is no keeping this stock down. Take a little time to learn about a stock before you try to bash it with pointless posts. Here are some links to assist you in educating yourself about GDSM. GLTY
http://www.prnewswire.com/news-releases/gold-coast-mining-enters-joint-venture-and-option-to-acquire-gold-star-mine-claims-139285163.html
http://mccoygoldmines.com/pdf/GoldStar-Technical-Summary.pdf
http://www.mccoygoldmines.com/pdf/GoldStar-Mine-Photos.pdf
I was thinking the same thing! Maybe a few laps outside? LOL
GO GDSM!!!!
GDSM seems to really like Thursdays for PR. So, there is a good chance it will be released this Thursday, but they will have it released by next Tuesday (10 business days) at the latest. This is the last chance for people to get in under a penny. IMO.
That is exactly what I was trying to say. This company has been entirely transparent with it's shareholders. I feel very secure with my investment in this legitimate company that has no paid P&D occurring. I think GDSM will bring in "massive revenue", like you stated, and this stock is going nowhere but up up up! IMO
Smitter is correct. I was referring to paid promotions. I think the paid promos are what cause a stock to shoot up and allow it to crash right back down. Let's be realistic, word of mouth doesn't go nearly as far as $600,000 in paid promotions does.
I too have looked for anyone pumping this stock, and I haven’t been able to find any promos. That is part of what is so great about GDSM. It is moving on its own merit. Once GDSM gets past that penny barrier, we should see another group of investors step up, and that will take us to an entire new level. Also, if we move up the OTCBB, many additional investors that don’t like to invest in pinks will also come in to play. The sky is the limit for this stock IMO!!!
Since the PR on 2/14 said 7-10 days, I always assume they are saying business days. That would mean that it should be released on or before 2/28. They seem to like Thursdays for PR; so, that would put it out 2/23. IMO