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You are blaming WSRA for the failure of the JV, link for the basis of that?
Rave away! Fits the situation, good news today!
I couldn't agree more, Salty! Mr. Marsden would not risk his reputation with a company that was questionable.
Just saw that, great news!!
http://www.sierragroupinc.com/sierra-engages-senior-level-consultant/
Sierra Engages Senior Level Consultant
Posted on December 10, 2012 by admin
On September 19, 2012, the Company engaged as a Senior Level Consultant Mr. John Marsden P.E., Registered Member (QP), Society for Mining, Metallurgy & Exploration, Inc. and former President of Freeport-McMoRan Mining Company.
Wow, I didn't even know about that one, another investigation.....
Mr. Rowland recently completed an NI 43-101 in Columbia. It appears that his experience allows him to take jobs all over the world. The Chloride mine should be a walk in the park for him as his previous mining job was as project manager for a company in Ecuador.
Michael Rowland, Member #225364 of the Australasian Institute of Mining and Metallurgy (Ausimm) and Qualified Person (Q.P.) for the form
43-101F1; Private consultant in mining geology including photo geology, geotechny, and hydrogeology. He served as Project Manager in the
Dynasty gold field, exploring and drilling for gold, silver and copper. Prior to 2004, he worked for companies such as COGEMA from France,
RUMICURI from Ecuador, ECUASAXON and Minera Australiana from Canada and Australia, Vicente Coronel Compania from Ecuador,
Petro-Canada, Fougerolle from France, Coyne et Bellier from France, and the Department of Commerce of France. He received a Geologist
Engineer degree in 1973 from Escuela Politécnica Nacional, Quito, Ecuador, a Master degree in Geology from Dijon University, France, in 1961,
and a Bachelor degree in Geology from Paris University in 1960.
" ... Capt. Wick here and GDSM will fly... the reports will come and we will move up exponentially (that means really fast feinanddany)... get ready this one is about boom.... GLTA! Go GDSM!!!"
So, the audit reports will cause the stock to rise? So, knowing the status of those reports, talking to the CPA regarding them, when they potentially could be done, whether they have even been started, could help an investor make decisions about their shares.... hmmm... That's so interesting.
First, (if this even happened) the CPA firm should never have disclosed material information to a shareholder. Second, it was released on a public board and it was used to pump the stock.
Third,
it is only illegal if one acts directly financial upon learning insider information.... got it?
by either holding the stock (not selling it) or selling it, both ways, is "acting upon" the insider information. The stock was kept because of the inside information that was found.
Not sure what is so hard to understand. Talking to the CPA firm about the status of an audit is insider information.
The details discussed here weren't part of the PR released by GDSM, hence all the "thank yous" from shareholders.
That audit is material to GDSM's future and stock price.
Releasing that info in an attempt to pump the stock, even worse.
The questions were specifically about GDSM's audit. The audit shareholders are waiting for with bated breath.... The audit that is primary for an uplist......
Unreleased details about a public company's audit is not public information. Details of the audit is most certainly insider information and, supposedly, it was released to a shareholder.
That's illegal.
To compare this to confirming a share structure or talking to BLM is a joke. THIS IS THEIR CPA FIRM (if it really happened). Information they have is privileged and confidential.
The status of an audit from a CPA firm to a few shareholders is inside information. "Leaking" that info to pump the stock, is very wrong.
That's going to be the GDSM shareholders, this is just a pump. An insider "leak" to pump the stock, taking advantage of shareholders because nothing will really happen. Just like the testing that was revealed to be "testing" on surface dirt in 5 gallon buckets.
Smoke and mirrors.
But also illegal.
LOL GDSM has nothing to be jealous about.
But using insider info from a CPA to pump a stock? Doesn't get any lower than that.
I personally don't believe the uplist will ever happen, GDSM has used this in their bag of tricks before.
Please let us know what you find out. Thanks!
This is outrageous and it will be reported.
Once again, GDSM is unbelievable.
The most offensive part of this, is that it is being used to pump the stock, which, in and of itself, just adds more unscrupulous activity IMO.
Let's leak inside info that may (or may not) have come from the CPA firm and pump the stock. OMG
That is not true. Once a shareholder, anything done after receiving the insider information is illegal.
Keeping the stock because a shareholder feels it will go up after receiving inside info is ILLEGAL!!!!
WRONG AGAIN
If a shareholder receives any insider information, anything they do after receiving that info with their stock is illegal.
An investor having private conversations about a public company with their CPA firm is very illegal. Not to mention unethical also.
That is not looking for "confirmations". LOL, yeah, right.
Two years?!?
I think we'll hear way before that, especially the AZ stuff.
I await the conclusion and findings of the investigations regarding professionals that both GDSM and WSRA used for the JV.
I wonder how much longer those will take?
GDSM is on topic for WSRA as a JV partner. Posters are free to discuss what they believe to be its status, pro and con.
Very ugly!
INCORRECT.
IT IS ILLEGAL ON SEVERAL DIFFERENT LEVELS.
Not to mention that one topic was the audit, a very hot subject that investors are dying to know the status on.
Here's the DD you asked for:
Gold Coast Mining Corp.
Quarterly Disclosure Statement
September 30, 2012
Accounts payable - $70,774
Notes payable - $6,150
Note payabe - $229,470
Accounts payable and accrued expenses - $2,900
Liabilities from Discontinued Operations $551,615
Through December 31, 2011, the Company had incurred cumulative losses of
$11,615,963. As of December 31, 2011 the Company had negative working capital of
$214,170.
The only cons here are in the company.
Now claims of the CPA firm answering an investor's email? OMG
Anything to raise the PPS, pump and dump more.
It would be HIGHLY ILLEGAL of GDSM's CPA firm to be talking with an investor. HIGHLY ILLEGAL.
Not to mention that, if it actually happened, it is the mark of an unscrupulous company and professionals IMO.
VERY FEW penny miners ever get a MPO (mining plan) accepted and then go on to submit their EA for production permitting.
RARELY DO PENNY MINERS EVER MAKE IT TO THIS STAGE. THAT IS WHY SO MANY ARE JEALOUS OF SIRG....:)
It is the truth.
Ever since WSRA's JV with GDSM they have been going down, down, down. Wonder if they will recover, GDSM sure won't.
Anyone have any news about their JV?
Jealousy rears its ugly head again.
The PPS will bop around, but no one can deny that SIRG is deep in the production permitting process and moving right along. Very few, VERY few, penny miners EVER make it to this stage. WATCH AND LEARN. 2013 is going to be great!
WRONG AGAIN
Very few penny miners make it to this stage of production permitting. SIRG has proven reserves and will be in production. Not a Bobcat in someone's backyard, real production.
And there's nothing to be "strung" along with regarding the permits, this is a process real companies go through. Rod has never made false statements about permits.
And with the fees taken out, that's almost enough to buy a crappy lunch!
That's the best post today! LOL
Not true, many investors won't touch a company they think is a scam.
Can't wait until all the investigations about and related to GDSM are concluded.CANNOT WAIT! And it couldn't happen to a more deserving company!!!
SIRG is working on their permits for production with BLM and the state of AZ. As we go through that process, we will have ups and downs in the PPS as we wait for news. This isn't a company that puts out fluff PRs full of crap. This is a real company preparing for real production, so they must go through the permitting process. Some don't understand that.
Unlike a lot of scam penny miners, Rod (SIRG's CEO) isn't going to PR fluff and pander to naysayers. It is also the end of the year and some might sell because of the holidays, which is to be expected.
Amazing that some try to take potshots at a penny miner who has gotten farther than 99% of penny miners and still keeps chugging along to production! 2013 will be a great year.
Nope, you are right on target. It stinks to high heaven here!!
Jealous, jealous, jealous... that's what other penny miners are of SIRG.
STOP THE LIES
The Rizzo report was based on legally acceptable, industry based guidelines. The "old information", as you call it, is LEGALLY DEFINED PROVEN RESERVES.
SIRG HAS PROVEN RESERVES AS DEFINED BY THE SEC.
STOP THE LIES
Try again. LOL Those shares were already sold.