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Now THAT is how you use Twitter!
Actually what I think will happen is that a flood will wash all of the gold into a nice neat pile right next to the main claim road. Then a fire will come through, melt and refine it to .9999 fine, cooling to 1 oz. bars, convenient for transport.
Hey, if we're making stuff up, why not make up something good?!
Seriously? LOL
I suppose more gold could wash onto the claims from somewhere else as well.
Look in the I-Box under Goldstar Mine Info. Financial Analysis & Executive Summary
That bill is already paid.
"Capital commitments from shareholders" is probably not referring to common stock but instead preferred shares issued to private investors. This has been inferred by the company on more than one occasion.
There aren't enough common shares left to finance operations after October. Regardless of that fact, even if they were to fully dillute to the 750M A/S, our valuation based PPS will still be many times higher than now based on the amount of gold already known to be on property. All we need is a finalizing report.
Because Mark is going to need the PPS to be much much higher to continue this operation, plain and simple.
where will money come from if he cannot finance against the company?
Of course the price is falling. There are too many in this market that are too impatient and scared to hold for long gains. When not being fed continual updates from a company, it is easy to spread fear on lack of information and investors get nervous and leave.
Why would Marc concern himself with the holding up the daily PPS when he knows that once this venture gets fully underway the PPS will increase on its own? He has more important matters to attend to at the moment and those efforts will benefit us all.
Agreed and it is thoughts of such (and more) that keep me from selling a single share at this ridiculous price.
Regardless of that, IMO GDSM will still get where we all want it to go on their own merit through material events.
How is a %1600 increase from where we started even close to "almost back to where it started"?
Answer: It is not.
There are many such examples throughout history, however, history is written by those who succeed. How many stories are not known to us of those who never made history because nobody knew of them to begin with or would not support them if they did?
While I still believe that GDSM will succeed and one day "go down in history" as a rare example of a pinksheet company that rose to greater things, it is still frustrating, none the less, when we are expecting news in a particular inferred timeframe and none materializes.
This market is rife with manipulative, finicky and skeptical investors who neither have nor can afford to have patience and we, the loyal and longtime investors / supporters of GDSM are quite literlly paying for it.
Personally, I am anxious to see success and I'm willing to wait for however long it takes, however, my patience is wearing thin as my reward is diminishing daily.
GDSM board. Stay on topic.
I appreciate the company update but a tweet is not news and I hope the company realizes that.
The bottom line is that Facebook, the GDSM website and Twitter, while all great and free means of communication for the company, do not provide a broad enough reach to potential investors. An investor would have to already know to look at those specific mediums to receive updates and generate buying interest. Even Ihub only represents a small sampling of potential investors. And lets face it, the majority of us Ihubbers are already loaded up because we already know where GDSM is eventually heading.
For GDSM to start trading like a big board stock, it will have to start acting like a big board company and appeal to a mass investor market. Without frequent updates this will not happen. I think it WILL eventually happen but until then we are going sideways at best. The attention span in this market is too short to go long for most and shares will be sold as current holders lose interest. So, until GDSM releases news, the PPS is unfortunately at the mercy of market makers and fickle investors.
Good post but...
The figures that you are giving are without any P/E multiplier for future earnings sentiment. When a P/E multiplier is unknown, as in the case with GDSM, I usually use 4x to be conservative but 10x-15x can be used if the overall sentiment of the company's future earnings and growth is high.
Also, the current O/S is ~630Mil.
Topic = GDSM. Please stay on it.
Now we're talking!
There is always risk in investment... especially in this market. It is up to each individual to determine their own risk vs. reward threshold. IMO, while the risk with GDSM does exist, the possiblity of reward far outweighs it. GDSM has so far proven to me their intent and I believe it to be legitimate.
You are welcome.
This is not a start up... they are not starting from scratch. It is a joint venture with WSRA which already has mining equipment and experience in the field. Given that, the seemingly aggressive and quick phase schedule that GDSM gave is not unreasonable. There is nothing to "figure out" for them. From here on out, it is just a matter of making it happen and that is what GDSM and Marc are all about.
Honestly, I only have a general understanding of warrants. My assumption is that the PPS would have to be at or above the warrant price to execute. IMO they warrant prices were chosen because the company expects those PPS targets to manifest at a future point.
There was plenty of new information in the presentation. Are you claiming to know more about placer mining and their mining operation schedule than they do? It seems to me that they should know what their schedule should be since they are actually in the business and are on site.
No.
The Company does not foresee the need for any additional share issuances in the near term other than, when eligible, the exercise of the warrants and 40mm preferred shares that are part of funding the Company's Gold Star joint venture. As previously announced, there are 10mm warrants exercisable at $.10 per share and 10mm warrants exercisable at $.15 per share. The 40mm preferred shares are convertible on a 1 for 1 basis
You're welcome but the truth is right there in black, white and even color in the presentation for anyone who is willing to watch.
Consider this... Phase 2 will have a small scale production facility up and running. It may not be 150 yards / hour but it will produce gold. Lets assume the small scale facility is 1/10th the size of actual... based on the figures in the executive summary and adjusting for current gold price, that would still be a profit of $52,000 in a 24 day month on only a single shift operation.
Just noticed that. Nice.
You are providing information based on their initial disclosure? Seriously? So new information posted by the company directly on their website is not more relevant than what you are claiming that they said prior?
The fact is, any gold that they pull out of the ground will be revenue and based on the presentation that they just released, "phase 3 & 4 will involve decisions on expansion". Did you even watch the presentation?
Both of those statments are false.
I think that I am posting exactly what the company is claiming in their presentation. No matter how much one would like to play this information down, there isn't that much room for interpretation.
I'm just glad that my "cart" is overflowing with shares now instead of trying to fill it when we are trading at many times this level within a few months.
Holding long and strong.
Very good point. I completely forgot about AMEX... go figure.
Previous post updated.
Important highlights from the presentation....
Schedule:
Phase 1 is almost complete.
Phase 2 is about to begin and will be complete in late summer (August / September?) of this year. This phase is small scale gold production.
NI 43-101 completion is to begin shortly.
Phase 3 to begin in late summer of this year. This is the beginning of full scale production.
Phase 4 is currently unknown.
Uplisting:
Note that GDSM says they are "positioned to become a respectable junior mining company that trades on a major exchange."
That major exchange would be AMEX or NASDAQ. Pinksheets and OTCBB are NOT major exchanges. Keep in mind that AMEX has a $2 and NASDAQ has a 4$ PPS entry minimum requirement.
This is going to happen very fast folks. To meet these timeframes, there is a lot more going on behind the scenes than we all have realized. The trading right now is very depressing but this will change VERY soon. We will be in full production THIS YEAR!
RE: vacation... yeah, a permanent one!
Excellent! Need a follow up PR on that. Timescales are earlier than I expected!
More funny than scary IMO. There are going to be some very ill people here very soon. Some still have the expensive lesson of patience to learn.
Well, I THOUGHT I had a lot of shares. LOL Very nice!
Agreed. Constant fluff smells of a scam for sure. Never had that here.
Maybe he already has? ...but that is the problem with Ihub. It's not an "official" channel for communicating. As with most posts, there is no good way to verify what anyone says. Anyone can say anything or claim to be anyone.
Personally, I do not believe any claims made on this board unless verifiable proof is provided in the post. Anyone that refuses to provide that proof is only providing an opinion.
And just because GDSM happens to trade in the pinksheet market doesn't automaticallly mean that the company is a scam or its officers are crooks. Just because an orange is fruit doesn't mean that all fruit is orange.
Everyone has their own motives here but I have yet to meet one person whose motive is to honestly "save" anyone else. The only thing that they are trying to save is their money when buying stock.
FYI, I'm holding millions and have seen no reason to sell a single share yet.
GLTA
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20120418|GDSM|3117144|0|15170303|O
FINRA - Daily Short Volume - 4-18-2012
and
...type in "GDSM" in the symbol box.
Shortvolume.com
Boredom, impatience, fear, stop losses... IMO nothing new or to worry about here. Until the company speaks up, this is to be expected in this market.