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It's been worth the wait!
AH purchasing in progress or are they still finalizing everything?
We may not necessarily have a pull back tomorrow! And if it does it may not last.. especially if this keeps up!
Great article! Thanks for sharing it!
Thanks for the Link and Post and congrats to the new grandpa! I have three grandchildren myself and two more on the way..they're a blast!
Nice dip! Great time to add...too bad $$ is all tight up.
Am I correct in assuming that the longer it takes for news to air (PR) the more investors will sell causing this thing to drop?
Good strategy for Long Term people who know what’s out there! Unless I'm the last person to hear a bit of bad news!
Question: RSI and considering the price of Gold etc, this is a Very Good Buy area! Wonder whats up with this dip action?
Naaa this just reminds me of the reason they call Oklahoma "The Sooner State". In 1889 folks lined up for miles awaiting the opportunity to stake out their own land...they were all suppose to go at the signal but some cheated and left sooner. No one fired the shot yet...when the right person fires the shot and the race begins...you're going to wish you did your homework on this one!
Until then I'm going to continue to load up the wagon!
Yes it is! Wish E-trade would fix E*Trade Pro! It shows ask and bid and news column but no current price (n/a). Anyone else? I figure it will be corrected tonight.
I am in agreement with you...I think if I was drilling and even had the assumption / assessment that their is sufficient evidence that neighboring real estate has mineral on it also and I don’t take the initiative to buy that before I start mining...come on fellas..this isn't rocket science.
That is the most sensible post I have read today! Thanks!
I continue to add; bought more at .15 and will continue til it bottoms out!
I haven't seen any massive selling to think otherwise.
I'm adding when the cash is available..I think this mine is legitimate/sound/sovereign with potential to surpass its legacy.
And I think that when it happens.. it will be sudden and rise sharply with a lot of investors chasing it ...and we all will be wishing we had bought MORE!
Same old story I know...but if history repeats itself...O MAN!
Uncertainty Restores Glitter to an Old Refuge
"It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold.
Inflation, deflation, government borrowing or the plunging euro — you name it — the specter of these concerns has set off a dash to gold [XAU=X 1225.9 --- UNCH (0) ], driving the precious metal to new highs and illustrating how fears of economic turmoil have moved from the fringe to the mainstream."
http://www.cnbc.com/id/37666362
From what I read executives have volunteer time to set this company up and RS was to pay them for time spent and establish/support payroll. This also sets us up for next stage to begin mining.
In the real estate business we have commercial loans which allow you to (draw) pay your workers to complete the building in phases that brings it to market which brings in clientele, then the “letter of intent” and finally the closing.
It is all in phases and what I've gathered we have had to go through these phases/procedures to bring this company to the mining stage.
Do I have some what of a grasp on all this?
I agree...the RS is the catalyst and if anything since then we may have started a little accumulation.
Then we need to start mining. We are past the stage of bragging about what we got!
Those investors have come and gone!
I don't think we will do much of anything right now until we can get it out of the ground and/or at least the beginning mining stages which will give them true marketing power.
For most big hitters the proof's in the pudding...they want to see it in production! EOM
Prudent..I would agree...but I hope I'm wrong! ! !
$1.40 for GSPGD...I'll take it!
I've read both of your post along with the attachments.
And where I agree that ALL the penny stocks I've owned which had a RS that EVERYONE of them experienced a declining stock price...I have to ask myself did they have this reaction because they didn’t have the goods and potential to do anything with them which made it a purely momentum play?
And it turned out they were purely a momentum play. MM grabbed the opt and played it for all its worth. But also all of them turned out to have poor management.
I don't think the management is a concern/issue with GSPG...and better yet I do believe the company's got the goods!
What is going to make the difference is how this is going to be perceived by all the right people/investors. But then again that will come about from the quality of management’s over all timing of EVERYTHING!
If that is in line...this is all going to pay off! And we'll all know soon enough!
WOW 200K in pre-market! THATS A GOOD SIGN!
Good Post! The very reason I have continued to add to my position.
I am sticking around for the long haul for one of the many sure things for retirement!
Can we expect this to be a new base support level? It would be nice if it is! It sure could be! Man we have to be close to something wild happening!
It is looking sweet to me..a much needed diversification! Come on GSPG keep going!
Anyone have any news please share it..
NEWS! "GOLD HILL, Nev., Jan 13, 2010 /PRNewswire via COMTEX/ -- GoldSpring, Inc. (GSPG, Trade ) announced today that it has increased its mineral claims for its Comstock Project by 3,130 acres by staking 165 lode mining claims. The new claims, in Washoe and Storey Counties, are contiguous to its earlier claims and extend the project footprint significantly to the northwest. GoldSpring's Comstock Mine Project now includes a mineral estate of 7,788 acres, including 776 acres of patented mining claims, and 7,012 acres of unpatented mining claims administered by the Bureau of Land Management.
"The new claims were located based on extensive geologic reconnaissance," stated Jim Golden, GoldSpring's Chief Operating Officer. "They contain promising mineralization targets for our ongoing exploration program." Bob Reseigh, GoldSpring's Chief Executive Officer, added, "Our land position is a key to our future success. By adding these claims now, we can take advantage of opportunities to follow the mineralization wherever it may go. We will continue to focus on strategic acquisitions to increase our mineral resources."
The Company's recent mineral reserve declaration report, summarized in its May 15, 2009 press release, illustrates the success of the Comstock Mine Project to date. The Company continues to build on that success through the ongoing engineering and permitting activities required to open a profitable mining operation. "
O yea STLD is a TUG BOAT...slow and steady with a lot of steam! She's on track now! Steel is in BIG demand and the demand is growing along with the price...keep an eye out for BUCY and ANR as well. YOU WANT TO OWN THEM ALL!
You think they have any assets /collateral just encase they need a little more?
In fact I've got another small 10K order at .0068 out there waiting to see if it dips down to pick it up.
Right! I think when what-ever it's going to take to launch this stock actually happens....O MY...good trader or not a lot of people are going to be VERY HAPPY!
To me this is accumulation time!
SOMEBODY is moving this stock around. Last couple of days we range between .0068 ~ .0071 and today we drop from .0072 to .0068 back to .0074.
Nice change!
Am I the Only One who bought at .0069? Is this company legit or not?
Just got to love BUCY and FCX today!
Risk only what you can afford to lose.
I'm not in over my head and I don't put all my eggs in one basket. I do take advantage of many other opts out there FCX, AAPL, ANR, BUCY etc. thus it is an understatement to say that the loss in this investment is minuscule in comparison ..I do agree with all that you've said but I also believe that this speculative play will pay off in the LONG RUN (and it is going to take some time which is obvously more than most care to wait; contributing to the drop in the price of this stock) and because I believe the company is legit I will continue to buy in small small increments during these drops as the cash is available. IF IT GOES TO .005 I WILL BUY! ! ! ! Because I believe that in spite of all the set backs that they are not telling us about it will in time, in one way or another turn around. Considering a buy out of this company is a real possibility I will be in a good position when all said and done.
Happy New Year!
I will continue to add on the dips in small increments when cash is available.
It is only logical to reason one of two ways when faced with this stock action. The company is either legit or it isn't.
If it isn’t then money lost wasn’t needed anyway as I haven’t been able to use it for the past year. If it is legit and research says that it is…then why hesitate in taking advantage of a major pull back in the stock of a promising company?
If the company is legit and I believe it is…the continual small cash investments gives me greater shares at a lesser and lesser price and the rewards multiply a hundred fold to a thousand fold.
And where as one may consider this speculative one thing is for certain…I am 100% certain that I will fail to gain anything by doing nothing but watch it move around!
Good Post! I try to stay away from GSPG Yahoo but I do believe the post is sound and reasurring as doubling down over the past year has brought my personal average below .008.
And Merry Christmas to everyone!
Where did everybody go? Tried of pumping a company/stock that keeps going down...depressing isn't it...just when you think you have things figured out Murphy's Law comes into play.
I don't post because I seldom get an answer from anyone which makes me think most of the posters are paid or have multiple ID’s . But regardless this is my 2 cents...this is going to take longer than most care to wait and will continue to make progress but we won't really see it in the stock price like we would like to see it - for some time to come.
I've been the fly on the wall of a lot of mining MB and what seems to be most compatible in most discussions is the simple fact that it takes A LOT OF TIME (years) to get a mine up and running. So when we have dips like these and if the cash is available I continue to (quietly) buy in small increments..
For what it’s worth and have a Merry Christmas!
Sometimes I just have to remind myself..even though we've heard it all before. Great Post;http://www.kitco.com/ind/stansberry/dec022009.html?sms_ss=yahoomail
Most Penny Stocks Investors seem to push subjective reasoning for other investors to consider their stock. They push a lot of hype and feed on the greed of their audience and with no real SEC regulations to stop them – promising the moon investors instead end up holding the bag.
Everything I’ve read about Goldspring, it’s PR is rock solid. Although I may not agree with the duration needed for production/mining the steps to the end results ARE being accomplished. And therefore for objective reasoning yesterday I just had to add some more!
It may be crawling for the time being but I am convinced that these are going to be price’s I will be looking back on a year from now thinking…why didn’t I buy more!?
It's very puzzling to me. Just when you get your hopes up because of one turn of events or another she drops for no apparent reason.
From Dec ''07 to Aug '08 this stock moved on a lot less news than we've received over the last yr. Manipulation I guess. But I'm still sticking to a "hold" position till something breaks. I've been burned too many times! I really really hope that in the next year I regret saying this.
You are correct about the major hurdle. We have got to be close now! Very very close to some exciting things happening!
I'm perhaps the newest owner here. Bought my 1st shares 08/08. Yea, .04~.051 - been buying from time to time as we descended to try to get a lower average ($0.0207). Really got discourage with everything that has transpired, thought this is the dumbest investment I've ever made!
But then what the heck, crazy to sell now it almost worthless. So I put it aside and stop in from time to time to read the board messages about the progress this company is making. Now I own stocks like FCX, BUCY, ANR and yet today, even after the run we've had, I find myself having more hope that this Goldspring thing is the one that’s really going to make it happen!
Added at .0125 and just had to buy a little more today....just couldn't help it! This is really looking good!
YES I WILL!
Just curious and you seem like a bright person, with all the information you already know from watching GSPG over the last few months coupled with your intelligent analysis of charts and trends, what is your thinking about further investments? Still a good buy or should the money go to better use like make-a-wish foundation, at least you get tax credit.
Personally I am a little put out...especially considering that I am a share holder of formerly GXPI (RSP 200X1).
Please forgive - my mistake on the berlin market - ??? WHat is up with that?
Comments pleas this is the first time I have overlooked/noticed that they were not trading - what is up with their market and this penny stock to stop like that?