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L2 is so thin. A little buying and we could be in the mid .005s very quickly.
I definitely think that GDSM has that kind of potential, and within 2012.
Exactly!
"Also, why would they even bother with today's attorney letter if this is a scam?"
Much more to come with GDSM.
If you set your sights on making a million on a penny stock, you will most certainly miss out on making some very decent bank that can present itself very regularly down here in pennyland. Those that saw the potential in PSPW and played it right must have made a very tidy profit.
Last year at about this time, May 16th to be exact, PSPW hit a high of $2.48. You could have bought in four months earlier on January 19th 2011 for $.061. I bought in at about $.12 but sold a bit higher to get into another play and I missed out on the big move. It can happen, you just have to pick the right stock and be in it before it runs hard.
GDSM may or may not make it to $2.48 anytime soon, but I definitely think it has the potential to be in the high pennies before the year is out.
Agreed!!! Strong buying, not painted. That's what I like to see.
Trading as of late indicates that the overwhelming majority of the 1000 or so shareholders are holding tight waiting on the upcoming reports of what GDSM has in the ground.
Thank you for your service, and now your Ihub name has a clearer meaning. Let those GDSM reports be stellar!
"accumulation taking place in a huge way"
Shareholders of record = 1023, as of 3-31-12.
It is pretty clear to me by the trading activity, the majority of shareholders are buying and holding tight for what's ahead!
I think that you are dead on. We have seen on numerous occasions, and very recently I might add, just how fast GDSM can move up. If GDSM releases some favorable reports about what we have in the ground, this stock will move up and move very quickly.
I like many others here am holding very tightly to be a part of that move up!
Thanks $b_rich$, you are indeed correct. I guess I did not read far enough on that Supplemental Information Report.
3) Third payment of $350,000 due 120 days from first payment above (PHASE II)
According to my figuring, this third payment of $350,000 will be made in couple of weeks on June 22nd. This $350,000 should cover the necessary expenses to put together the small scale production facility.
"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."
Three green to follow?!!!
My .0047's went through immediately.
Agreed. However, the day is not over yet, and L2 is extremely thin all the way through the mid .005s. There is a very good chance that GDSM could still close green today.
Most activities that takes place under the radar are covert activities, activities that many might object to if they were privy to all of the details. You can draw your own conclusions in relation to MDMN.
Exactly, "just healthy trading going on". No worries!
Two months ago today!
MEDINAH MINERALS Question & Answers
April 5, 2012
Q4) Why don't we have an Investor Relations person?
A4) The Company has interviewed several perspective candidates. We have settled on an extremely knowledgeable entity. Medinah Minerals Inc. anticipates hiring and putting in place a contact, for the benefit of Shareholder inquiries, in the next 2 weeks.
Translation:
Q4) Why don't we have an Investor Relations person?
A4) Well you see, if we did that, we would have to tell that person everything that we know so they would be able to answer any question put forth. We really don't think that would be such a good idea. That might get us in a whole heap of trouble. We don't want any trouble. We just want to keep on doing what we been doing for years. We like to keep our shareholders guessing because they usually guess wrong, and that is good for us. So while Medinah Minerals Inc. anticipates hiring and putting in place a contact, for the benefit of Shareholder inquiries, in the next 2 weeks, we also anticipate that we will put off such a hiring for as long as possible.
From early on in 2012, many eyes have been on GDSM. Those eyes continue to pay close attention because of the huge potential that GDSM most definitely has.
GDSM has been undervalued for months, but the steadfast longs have not forgotten the following:
"The claims show Ore Reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. or 168,750 total ounces of gold. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values. Limited testing has shown these values to be fairly uniform across the claims."
"If the hi-bar deposits contain (mineralized black sand) gold values throughout, the potential may be staggering, and could far outweigh the free gold placer material."
It is just a matter of time!
All in all, a very nice GDSM day!
Power hour started a minute early today!
Power hour is coming and L2 looks extremely thin back up to .005 and beyond.
I'm liking what I'm seeing here today!
Yesterday I said, "We could trade over 10 million shares today at the rate we are going." We did over 20 million.
Today, I will say at this rate, we could easily close above .005.
Just a little over 300,000 shares between here and .0044 on L2.
We could trade over 10 million shares today at the rate we are going. That would be fairly nice for a non-news day.
Volume precedes price!
"Just goes to prove how easily and fast this can/will take off!"
I couldn't agree more!!!
Still very many eyes on GDSM, watching and waiting, knowing full well the great potential that this stock has!
"6) If sampling shows positive results , the reward will be great"
That is why I am here!
Just checking in. I haven't had much time lately to read all the posts. Did MDMN ever hire that Investor Relations person?
A lot of new posters with a negative angle. 688 followers. RSI has been flirting with 30. Extremely low volume PPS decline. Seems like a recipe for some nice gains in our future.
Holding strong here!
Great post!
I especially like this part:
Estimated Total Reserves at completion of mining: $700 Million + Cash Flow: Annual net profit projection US $24.5 Million at 150 yards per hour.
Yea, people hate it when they read reports pertaining to large quantities of gold.
We are already months into this process, and progressing through Phase II.
Initial small scale production is scheduled to take place by the end of Phase II. Phase III & IV larger scale production will begin in the end of this summer.
The JV requires the Company to fund the 4 phases of development under the following funding schedule:
1) First Payment $25,000 due 10 business days of execution of this agreement (PHASE I)
2) Second payment of $50,000 due 30 days from first payment above (PHASE I)
3) Third payment of $350,000 due 120 days from first payment above (PHASE II)
4) Forth payment of $100,000 due 240 days from first payment above (PHASE III)
5) Fifth payment of $600,000 due 365 days from first payment above (PHASE IV)
6) Sixth payment of $250,000 due 425 days from first payment above (PHASE IV)
We will be into production in months NOT years!
Marc Lovito, President of Gold Coast, stated, "This is exciting, significant progress towards the goal of developing our claims. Each of these steps brings us closer to moving into the production phase of our plans." (May 17th PR)
"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." (February 28th Supplemental Information)
Patience Danielson!
"The development of mining claims is a process, not something that occurs overnight."
"The claims show Ore Reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. or 168,750 total ounces of gold. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values. Limited testing has shown these values to be fairly uniform across the claims."
"If the hi-bar deposits contain (mineralized black sand) gold values throughout, the potential may be staggering, and could far outweigh the free gold placer material."
L2 is looking extremely thin up to .0069. Another green day would be nice!
Yes, great post. Keeping my eye on the prize!
GDSM has done their best to let shareholders know that this entire endeavor is a long, slow, and involved process.
In fact, Marc Lovito and GDSM management made the following statements in the March 27th PR:
"The development of mining claims is an involved process with many steps,..."
"While the beginning phases may seem slow and insignificant, they are critical to moving on to the larger more significant steps like production."
Even though we have gotten the Facebook presentation and a a few tweets since the last PR, it is clear from this last Gold Coast Mining Co. tweet, that the company realizes some of the natives were getting restless with the recent decline in PPS. So, I believe GDSM put out this tweet to let us know that they understand that patience is wearing thin and they want to reassure loyal shareholders that a PR is indeed coming.
I like the fact that GDSM does not release fluff PR's just to appease the impatient and disgruntled. Hopefully, this fact is an indication that our next PR will have the substance that we and the larger market that a PR will reach are all looking for.
"Shareholders: we are just waiting on a few items to complete our corporate update,..."
Hopefully, those "few items" will be the results of the lab analysis of the sampling that was done during Phase I.
Positive sampling results with future projections will mean an immediate double from today's PPS levels and GDSM will continue to surge as others get dialed back in.
Many here, myself included are expecting a PR in the very near future because of this May 1st tweet, "Shareholders, we are working on our March 10Q filing as well as updates on our mining developments."