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Bro use the formatting I did, it is MUCH easier to read.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72655634
No worries, just trying to help.
Link would not open on my phone. I have been waiting for hours to get home and read the report.
In case you could not open the link
Gold Coast Mining Corp.
Supplemental Information
February 28, 2012
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Board of Directors have approved the entry into a Definitive Agreement (dated February 13, 2012) between the Company and Western Sierra Mining Corp. (the “Parties”) for the development of certain mining claims located in Skull Valley, Arizona. The mining claims include the Gold Crown and the GS1 thru GS4 (Gold Star) mining claims. These mining claims are located on BLM and Arizona State lands and cover some 620 acres.
The Joint Venture Agreement (the “JV”) calls for a 50/50 split between the parties of all net profits generated from the mining operations, as well as an option for the Company to acquire the claims outright from Western Sierra Mining Corp. for a purchase price of $3.5 million.
The development of these claims will progress in Four (4) Stages:
Phase I- The first Phase will involve general exploration, mapping and sampling. The property will be mapped, randomly sampled and the property geologically evaluated for possible additional claim filings. A geological description of the possible structures will be developed as well as correlation of historical data and initial permitting.
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.
Phase III and IV- will involve decisions regarding the size of expansion all based on the in ground reserves, gold and silver prices, the results of the Phase I and II, etc.
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)
Note: Funding may be modified by mutual consent as development process progresses.
The parties further agreed and have secured funding under the following funding structure for Phase I and II:
-Western Sierra Mining agreed to sell 40mm Series E Preferred Stock it received in 2009 from the Company to a group of investors for $400,000. These preferred shares were issued to Western Sierra Mining in 2009 as part of the parties previous joint venture efforts. Western Sierra Mining has agreed to apply these funds, on behalf of the Company, to the funding schedule above therefore completing the funding required for Phase I and II of the claims development.
-As consideration for the sale of the preferred shares, the Company has agreed to assign back to Western Sierra Mining 5% of its joint venture interest in the claims. The Company may buy back the 5% interest for $100,000. Additionally, the Company has agreed to issue Western Sierra Mining four million shares of a new series of preferred that may be converted to common in 1 year.
-To complete the future funding requirements of the JV, the Company has further agreed to grant the funding investors warrants to purchase shares of the Company as follows:
Ten Million (10,000,000) warrants exercisable at $0.10 per share
Ten Million (10,000,000) warrants exercisable at $0.15 per share.
The Company has agreed to file a Registration Statement to register the shares with The Securities and Exchange Commission.
STRONG BUY according to barchart
http://barchart.com/quotes/stocks/GDSM
So can I if I want. I am also on Fidelity.
People guaranteeing that it is going to hit 4 today is doing a lot of damage too IMO. I believe this is gonna go up more, but these all CAPS declarations are not helping IMO.
Two days ago.
Ship = Sailed
40 gain yesterday, 30 or so last Friday... You act like it has been falling...
Sounds like shorty talk to me. GDSM is consolidating right now folks. Nothing to see here. It has been doing this the whole run up. I admit, it turns my stomach when it happens, but I am getting used to it. Been in since the .003s, haven't sold a share.
I hope you are right, I was told 40%
IMO All this .10 and 5s talk is premature and possibly scaring away investors. It sounds like hype and pumping folks. GDSM has been a slow and steady wins the race stock and it is doing great. I understand excitement, but IMO it needs to be curbed a bit to keep the new investors interested and confident.
Agreed, that would be the best thing for the stock, wouldn't it? Consolidation at every level. IMO
uh OH is she gonna blow?
Did alias 1-17 do and say the same thing?
How can you not expect a huge dip after such a vertical gain?
Thank you Warmy. ANy edge I can get is going to help. I want to be ahead of the game with GDSM and others.
Level 2
I would like to start following GDSM on Level 2. Any recommendations?
I have invested 7k + in this and I am FAR from wealthy. Saying because he invested 18k, he is rich, is a stretch.
Thanks for the info on ASCM, good to know what it is.
I think the fact they are here is a good sign. GDSM is drawing enough notice now to bring in some big dogs.
I can Imagine a lot smitter.
Yes we do, I was getting a little concerned without some churn. This is very healthy. Churn away!
Getting in now is better then never Thin.
It did this last WED folks and shot back up to the high 20s. This is just some major consolidation fixed with a little fear and a lot of profit takers.
Not gonna sell. I just added more awhile ago.
We are still above open, I love those type of dips.
That was so last Thursday.
DDMachine #2 requested stock!
DDMachine.com TOP 50 Requested Stocks for the Last 7 Days ::..
1. HLN* (311)
2. GDSM (47)
3. REL* (46)
4. HE* (45)
5. TAD* (41)
GO GDSM!
Oh OK, Go GDSM and as for you earlier question, I call him Uncle Buffett.
I just read the TOU reminder next to this post box and I realized I broke it. I am sorry. Won't do that again.
LOL, yeah I am blessed. I admit I got into a few stocks with way too little knowledge. But then again I followed a few peoples advice that seemed like they knew what they were doing. Putting my faith in others has lead me to investing in STX, ATR*, and GDSM so far. It is working quite pretty well.
OK folks, straight out admitting here that I am very new to all this and know very little. I have a few basic questions because I am trying to build a base of knowledge.
What are MM and what do they mean when some say they are trying to control the price or keep it down?
What does DD stand for? I assume it means research, but what does the acronym stand for?
What is EMTT?
What is a candlestick?
Just looking to get more stock aware and this place seems full of very knowledgeable stock people.
I am an investor is GDSM and am very excited about what it is doing. Thank you for the great advice in this thread.
Novice question... what is ETMM?
STX is on the move again! 30 not out of the question.