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Things are looking good. Very little volume at low levels. Appears to be building up steam again.
Cheers,
D
Yes. In my opinion production trumps financing aka dilution. It trumps it even more if it is a joint venture deal or some kind of profit sharing that does not involve shares. But there is really not much difference, it's just the way people perceive it, it's still a pound of flesh for a hunk of gold no matter how you spin it. I think all of this information has been known forever and has already been factored into the price. GSPG need's money to make money, bottom line. This will be a move forward as it takes GSPG out of debt and into profits. A fully functioning mining operation with exploration and production funding each other.
Cheers,
D
We have known for quite some time dilution will come in one way or another either JV or a loan for shares. Dilution=financing and Financing=profits. But the point I'm trying to make is we are all roughly in the same boat now and that's good. Dilution comes at the expense of major shareholders as well. The bottom line is conversion to equity means production and that is good. You can risk to buy after the split if you want or jump on board now. I personally believe financing aka dilution has already been factored into the price. I'm buying some now and I'll buy some after the split if a deal presents itself. But there is no guarantee that prices will be lower after the split. If the split occurs after production this summer when gold is over $1200... Just my two bits.
Cheers,
D
Yes but the flip side is Winfield will be converting
debt to equity. Death spiral financing will stop and there will
be a pressure to get the stock price up through exploration and mining. Dare I say a real company. He and the others will be more or less be in the same boat as us. This in my mind works to the common shareholders best interests. So as much as people want to wine and complain this could be a step in the right direction. Just my two bits.
Cheers,
D
City of White Gold (San Francisco's Gilded Age)
This is good and bad news. Bad news is we are giving up some equity for mining and squaring away debt. The good news is we are giving up some equity for mining and squaring away debt. Double edge sword. I know many people would not buy unless Winfield converted his debt to equity so this is a positive in my view. Hopefully this get's things moving towards profits and the death spiral will cease. Can't have your cake and eat it too.
Cheers,
D
Ya so much for free speech. I was just commenting on the obvious shenanigans with this stock. Guess some MM did not like my comments. Oh well.
Did someone delete my last post. Looks like the
"Yahoo's" may have invaded our board. Good grief.
D
Yup. Even though we got slightly pummeled today. I still think this could be a small crack in the staircase going up. Some big buys in there and I think on over all volume more buys than sells. Obviously still a chance to get in under 0.008 but not by much and probably not much longer. Gonna be a rocky road to the top of Mount Davidson, and sometimes these donkey's try to shake you off. Only those with determination will make it to the top. We will see.
Cheers,
D
Ya some big action. Wide channel. Higher lows. 0.008ish still the floor. Still trending up.
D
Oops, you are correct. Only small trades down there in the basement. I must have seen 50,000 and thought it was 5 mill or something. Anyway, some one scooped up a deal. Sorry by bad,
Cheers,
D
38 million shares traded so far. This is an interesting battle.
Hits 0.009 then someone scooped up a nice 5 million at 0.0077. This is heating up.
All shares are being gobbled up pretty quick even into some selling.
Showing some real strength. Only a matter of time before we get through the 0.008's and back up to a penny.
D
Yup, looks like 0.0080 is setting up to be the new floor. More brave buyers entering now.
Cheers,
D
Agreed 3-4 cent is reasonable. 5-10 is more likely considering the potential scale of the project. Look to me like 0.0080 is setting up to be the new floor. I think as we get closer to summer pressure and possible production pressure on the pps will start to mount. At this point we are probably undervalued but the fact that we don't have an IG7 or a peep on financing is keeping some buyers away. I don't want to speculate but longer term this could go even higher that .10 if all the ducks are in a row.
Cheers,
D
Looks like we are holding fairly strong considering the low volume.
No many sellers or buyers yet. Could be the calm before the storm.
Cheers,
D
I agree. Would be nice to see some discussion. But not much to discuss right now. A lot of questions though. I'd like to know if the planned infill drilling will produce an IG7 report. I'd also like to know what kind of financing or a joint venture deals are in the works. But not a peep of course. I would think that 2 billion in precious metals ripe for the easy pickin' would stir some interest, so we will see. They are holding there cards close right now and I guess that makes sense. Barrick and alot of companies in the area are looking to expand reserves. Gold should hit 1300 this summer and 1500 to 2000 by 2014 so it makes sense to line up reserves now. I'm hopeful that Molelis and gspg will announce something in the late spring. I do think we have hit a bottom on the price though. A couple more bounces off 0.066 and we will be moving up. Patience is key here.
Cheers,
D
I'm not a chart reader but anyone can see the big fat bottom forming. Mostly just low volume shenanigans moving this thing now. Greed is starting to turn the tables on fear.We shall see...
Cheers,
D
0.0063 ouch
Look at it this way. 2 billion plus in fairly easy to get PM's and most major infrastructure is there and permits are in place. Let's say you go with a joint venture split proceeds 50/50. At the end of the day you still get a share price of roughly worst case senario .03 IMO. An announcement of financing aka "dilution" has been factored into the share price already. At one time this company was valued by a third party at roughly .07 and that was when we had less metal and gold and silver was alot cheaper. So I just don't see it happening. If gold is 1300 by the end of the year and financing or JV is announced we go up not down.
Cheers,
D
I'd say pps is low even with possible dilution. 2 billion or more in easy fairly easy to at silver and gold vs a few million in debt.
I think .02 to .20 is not out of the question here. Right now the stock is trading at below bankruptcy levels.
Cheers,
D
Ya about a 4 mill loan. What I don't like is they could have probably used that money to start small scale production but instead they are buying up more land and more in fill drilling. Don't get me wrong I think they have have made a good deal with the Obesters. There is most likely much information here that we are not privy too. These actions like infill drilling may be a request from someone who in interested in financing. All in all our position on the comstock is stronger now than ever so I like that. I would like an IG7 to make it all legit though. I just hope these guys have the ace up there sleeve here. They are playing a dangerous game with our money.
Cheers,
D
Ha ha. Completely agree on the web site. Just plain sucks. Brown and yellow is lame and they still have the i stock photo image over the gold bars image. The font for the main logo is sad. I think it's Ariel narrow, ha ha. The weakest of all the fonts. I agree old web site was way better. Simple and not trying to hard to say hey respect me I'm a classy brown and gold site. They are certainly not attracting any investors with that site. Trying to be a classy high end looking web site and failing basically. Let's hope they are better miners than graphic artists.
Cheers,
D
An announcement of dilution will also mean announcement of financing and production. My gut say's right now we are under value . Financing and production news will most likely trump dilution. Let's say 50% of the money goes to a JV or Royalty deal that would still bring us back up to about .05 IMO. That's a crummy deal and I think we can do better. If the history of the Comstock repeats I'm betting there is more a lot PM's than have been reported and a better deal can be struck. Time will tell. All I care about is the IG7 to make this thing legit and bankable. I'm also thinking $1300 gold by the end of 2010.
Time will tell,
Cheers,
D
Nice but...Did you see how much that extreme4reality guy posts? He's either completely obsessed or has been hired by gspg for damage control. Guess that's our new investor relations guy, sad. At this point I only trust my own research and my gut feeling that things might be on the up and up here. Still don't like this spending on non production. The thing is if Winfield tries to drive this company belly up we need an IG7 to protect common share holders. If she goes on the auction block we need that 2 billion plus in writing so we common's can get's our fare share. Without it Winfield and friends could screw us over big time. Without an IG7 this is still a huge risk everything else anyone says is hog wash. How hard is it to publish a darn IG7. Hopefully this is what the infill drilling is for.
Patience is getting thin around here and denile ain't just a river in Egypt.
Cheers,
D
ho hum. yawn...
The fact that they are spending the 4 million loan on positioning themselves with more land on top of the Obester deal
is interesting. I really don't know what they are up too at this point. Something is up. Golden and the others better have a solid realistic plan. Once the weather starts warming up I hope to see some Pr's regarding a start to some kind of production too start paying down some debt. I like to see the big long term thinking and exploration is exciting and all but they need to get there hands dirty and start to pulling some money out of the ground. Fingers crossed.
Go GSPG!
Cheers,
D
$4.5 million loan plus interest - $1,650,000 plus interest= a little less than $2,850 000 for drilling and paying the bills. I hope they know what they are doing.
Cheers,
D
Any one have any real news on the ground yet? Drills turning? Will report be complete to make our reserves official. Hope so. Throw us a bone gspg. Sheesh.
D
Ya disappointing,
Obviously they tried to get funding without an IG7 and got rejected. Now they probably have to do the infill drilling to get the reserves in IG7 format. I guess the drilling results are not detailed enough. This reminds me of the permit fiasco. The fact that they did not apply for permits like 3 years ago tells me they had no intention of mining. Now that they have to go back and infill drill tells me they had no intention of producing an IG7. So you just never know with these guys, but I believe that Golden had a plan to space out the drills so we could get more PM's in our reserves. Kinda of smart actually. Now we just have to o back and cross the t's and dot the i's. Hopefully this is the case and hopefully they can get those infill drills done quickly and still keep on track for mining 2010. Who knows we might even get more PM's from the infill results. Fingers crossed.
Cheers,
D
I hope you are correct. The fact that it is Winfield again makes me believe that once again gspg does not have all it's ducks in a row and needs yet again more time to get a darn IG7 out. Time = interest paid to Winfield and probably more shares. I want to see the dang IG7 with all the details. I want someone else to pony up some cash based on a dang IG7. I want to see a deal that does not involve shares. What about a JV or a royalty deal. Something to indicate pm's will be pulled out of the ground. That would be the best Xmas gift. This deal buys us more time. If they want to be mining next year they hardly have the time this money will buy. So I'm not that excited. The only thing good about it is Winfield is up to his neck so maybe he will finally let something happen here.
A new investor would also give other investors confidence. Until that day. Same old, same old IMO. I sit wait and hope.
D
IG7? Where is it? I want to see it.
This is getting silly,
D
Does not seam like it would be enough $ to get the metals out of the ground. This might be funds to keep the doors open until a real deal can be found. Or BS. I'd like to hear the logic behind this deal.
D
This momentary "correction" in PM's is brought to you by the Federal Reserve, the Obama Administration, GS & the investment community, the BOE and our own illustrious media.
When the bond sale is over this week the ascent will continue for gold.
I guess all those temporary Xmas jobs are making things look a little more rosey too. Buy the dips from the dips who sell.
Cheers,
D
Shenanigans! Back up to even now. I feel like we are getting close to something now.
Hang in there gang.
Cheers,
D
Ya I agree. 1000ish looks to be the new floor. It's probably hard to ink a deal when the value of your assets keeps changing everyday. Some potential partners may be looking for a correction to bargain with. A drop in gold price may also be a good thing to get a deal signed. Anyway, I think I read somewhere that the US dollar realistically needs to loose half it's value over the next 14 years or the debt will swallow everything alive. It's iether that or raise taxes 50%, ain't gonna happen. People are preemptively buying gold now instead of waiting for the 3% or so drop in the dollar every year. Also 5 billion dollars on the credit card and 30,000 more troops in the sand trap causing a flight to safety. Afghanistan bankrupted and brought down the soviet system and now we are possibly seeing history repeat. It's really the perfect storm for gold. No one wants to hold USD. It's a hot potato right now. I'm Canadian but in the end it does not really matter that I hold Canuck bucks because it's a race to the bottom and the US will surely bring down all currencies with it. Anyway, bla bla bla. Come on gspg! Let's have a merry Christmas for the longs who believe in the sand trap with 2 billion in PM's under it.
Cheers,
D GLTA
GSPG's reserves go up huge in price with every 10 dollar move up but the more that gold goes up the more the price appears to falter. We are well past the 2 billion mark now. Ironically we were better off in PPS when gold was 750 an oz, ha ha. Ya this is frustrating, to say the least. Hopefully just tree shaking shenanigans. Something is up and it ain't the pps.
Cheers,
D
Ya I dunno if the salted 400 oz bars story holds water. I am skeptical too. A 16 dollar jump up in gold today is interesting though. I know US dollar is down but I wonder if the story also had some small effect on spot. If the story is true it means there is a lot less gold out there than people thought. Anyway, interesting action on gspg today, I expect more fear mongering and intense tree shaking to come. With no news this thing could get a little bit bumpy. I'm already loaded to the gills so no more for me. My risk appetite is full, ha ha. Wish I could have bought that nice dip today. I agree with everything going electric soon copper will be huge, but you know what a better conductor than copper is.
Silver is better and gold is best. High end electronics still use silver and gold as the conductor of choice. Anyway, GLTA.
Cheers.
D
Tungsten Anyone?
THE CRIME: If anyone were contemplating creating “fake” gold bars, tungsten [at roughly $10 per pound] would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.
The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].
THE SUSPECTS : J.P. Morgan, Deutsche Bank, The Fed, Fort Knox
The LINK: http://news.goldseek.com/GoldSeek/1258049769.php
insert Dragnet music here:
Cheers,
D
Happy belated thanksgiving to my fellow ihubber's down south. GSPG is stuck in the sand, we have plenty of gas, and a great engine, hopefully some one will come along with a tow truck soon so we can get to the races on time.
GLTA Cheers,
D