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Can anyone explain why Marc would create 100,000,000 shares of GDSM "Series E Convertible Preferred Stock" on Aug. 16, 2012? This has the appearance of massive dilution to me.
Appears that Marc and Michelle are the only BOD members so Marc has total control of GDSM and can do whatever he wants.
Verify here:
http://www.sunbiz.org/pdf/38776561.pdf
Thank you. SIRG looking very nice, so ready to break out.
Can anyone post SIRG L2? Mine won't let me take a screen shot.
Not to worry, SIRG longs just keep grabbing those dips.
A SIRG trade for 85,998 just showed at .0075. Did you get filled?
Hard to believe that 2,000 trade scared some longs out of their shares but the MMs are walking SIRG down again after all those buys at .01 at the ask they must be desperate.
SIRG volume of 1,464,944 - must be some new investors discovered our gem.
OK who sold 2,000 shares at .009 for $18 less commission?
Every time the MMS get short of shares they pull the old scare trade. Nobody sells 2,000 shares at retail!
SIRG TIME AND SALES
Big buys at ASK returns SIRG to penny land!
Time & Sales
Price Size Exch Time
$0.0100 45,000 OBB 12:05:52
$0.0100 15,400 OBB 12:05:46
$0.0100 74,600 OBB 11:56:48
$0.0100 400,000 OBB 11:56:41
$0.0100 365,000 OBB 11:46:01
$0.0100 100,000 OBB 11:39:20
$0.0100 20,000 OBB 11:35:40
$0.0100 40,000 OBB 11:28:07
$0.0100 95,000 OBB 11:10:36
$0.0100 12,272 OBB 11:10:01
$0.0100 5,000 OBB 11:09:48
$0.0100 10,000 OBB 11:09:48
$0.0100 200,000 OBB 11:09:48
$0.0085 50,000 OBB 09:54:45
$0.0087 15,814 OBB 09:34:12
$0.0087 4,858 OBB 09:30:24
Just got back and maybe I should stay away!
SIRG is surging with nice volume.
Time & Sales
Price Size Exch Time
$0.0100 45,000 OBB 12:05:52
$0.0100 15,400 OBB 12:05:46
$0.0100 74,600 OBB 11:56:48
$0.0100 400,000 OBB 11:56:41
$0.0100 365,000 OBB 11:46:01
$0.0100 100,000 OBB 11:39:20
$0.0100 20,000 OBB 11:35:40
$0.0100 40,000 OBB 11:28:07
$0.0100 95,000 OBB 11:10:36
$0.0100 12,272 OBB 11:10:01
$0.0100 5,000 OBB 11:09:48
$0.0100 10,000 OBB 11:09:48
$0.0100 200,000 OBB 11:09:48
$0.0085 50,000 OBB 09:54:45
$0.0087 15,814 OBB 09:34:12
$0.0087 4,858 OBB 09:30:24
Germ-slaughtering copper to be employed as disease-resistant building material
Marc Howe | September 11, 2012
An alumnus of the University of Arizona is promoting the use of copper alloys as hygienic, alternative construction materials in the healthcare sector.
Adam Estelle, a graduate of the University of Arizona's College of Engineering, is working with the Copper Development Association to apply copper's anti-microbial capabilities to the construction of furnishings and fixtures in hospitals and other areas where infectious diseases are readily spread.
The anti-microbial properties of certain copper alloys make them ideal materials for use in the construction of frequently handled items which can serve as key transmission points for malignant viruses and germs.
According to a recent University of Arizona study 99.9% of microorganisms on the surface of alloys consisting of at least 60% copper perish within two hours. The comparable figure for stainless steel is roughly two weeks.
Estelle and his colleagues have already obtained EPA certification attesting to copper's anti-microbial powers, as well as helped to retrofit a Charleton-based Ronald McDonald house with copper alloy sinks, railings, faucets and chairs.
http://www.mining.com/germ-slaughtering-copper-to-be-used-as-disease-resistant-building-material-83634/?utm_source=digest-en-mining-120911&utm_medium=email&utm_campaign=digest
Teck confesses to a century of US river pollution
Marc Howe | September 11, 2012
Diversified mining giant Teck Resources Ltd. (TSX:TCK.A) has confessed to polluting the upper reaches of Columbia River in Washington State for nearly a century with effluent discharge from one of its BC-situated smelters.
The admission was made by Teck subsidiary Teck Metals in a US court as part of a lawsuit filed by Washington state's Native American Colville Confederated Tribes over environmental damage caused by the discharge of smelter effluents.
The Vancouver Sun reports that the Teck smelter, located in Trail in the southeast of British Columbia, disposed of hazardous effluent in adjacent river systems from 1896 to 1995, with some of the waste ending up in the Upper Columbia River south of the Canadian border.
In Teck's own words:
…some portion of the slag discharged from Teck’s Trail Operations into the Columbia River between 1896 and 1995, and some portion of the effluent discharged from Trail Operations, have been transported to and are present in the Upper Columbia River in the United States, and that some hazardous substances from the slag and effluent have been released into the environment within the United States.
The Colville Confederated Tribes filed a lawsuit against Teck eight years ago claiming the company has dumped 140,000 tons of slag directly into the river, polluting the surface water, ground water and sediment of the upper Columbia River and Lake Roosevelt with hazardous metals including arsenic, cadmium, mercury, lead, copper and zinc.
In a press release Teck stated that its agreement with the plaintiffs concerning the facts of the case is expected to lead the court to judge in favour of the plaintiffs, with compensation costs to be subsequently determined.
http://www.mining.com/teck-confesses-to-a-century-of-us-river-pollution-22974/?utm_source=digest-en-mining-120911&utm_medium=email&utm_campaign=digest
The rise in copper prices bodes well for SIRG.
Spot copper was trading up just under 13c at $3.65 a pound in late dealings in New York on Friday – a 3.66% improvement on the day and a new 4-month high.
Copper's bounce builds on a 9% improvement in the price during August and comes after the Chinese government approved a raft of new building and rail projects this week in a concerted effort to boost its slowing economy – like iron ore used in steelmaking, copper's fortunes have been increasingly tied to Chinese investment in infrastructure.
The China Securities Journal reports that China's National Development and Reform Commission (NDRC), one of the country's top decision-making bodies, approved 25 urban rail projects just on Wednesday and the total amount of stimulus spending announced this week could reach the 1 trillion yuan ($157 billion) mark.
Copper – which is still trading down 11% compared to this time last year – was also boosted by currency movements as talk of further quantitative easing in the US weakens its currency.
Not everyone is convinced the rally is sustainable however. Reuters quotes Duncan Hobbs, an analyst from Australian investment bank Macquarie:
"Prices are rising in anticipation of a potential policy response to a weak situation. There is nothing fundamentally to warrant the rise in prices, absolutely nothing. If stimulus doesn't come or doesn't work, then these markets are rising on air."
http://www.mining.com/we-build-it-china-sparks-copper-surge-37708/?utm_source=digest-en-mining-120907&utm_medium=email&utm_campaign=digest
Maybe reading this recent Kingman Miner news article will help. And copper is up to $3.60 very nice.
The company recently announced that the Bureau of Land Management accepted its Mine Plan of Operation, which was completed by Paul C. Rizzo Associates, Inc. This formal acceptance allowed Sierra to submit its draft environmental assessment, which was completed by the same firm, in order to comply with the requirements of the National Environmental Protection Act.
"We are working closely with BLM on permitting, and the interactive process is positive," said Sierra CEO Rod Martin. "This puts us on schedule."
Once completed, the federal side of the permitting process is done, he said.
Sierra contracted the firm CDM Smith to handle the transfer and modification of the existing Aquifer Protection Permit, which is handled through the Arizona Department of Environmental Quality.
"Sierra is confident in CDM Smith's ability to lead this permit process to completion," Martin said.
When all permits are approved, Sierra will be free to complete construction and start production, Martin said. The project is expected to produce nearly 5 million pounds of copper per year once it gets going.
Through the process, Sierra managed to locate a mine engineer, who will manage the entire facility, and a metallurgist, who will run the solvent-extraction/electro-winning plant.
"Hiring of various positions has begun and the bulk of the staffing requirements will be filled as we get further along in the permitting process," Martin said.
Solvent-extraction/electro-winning is a process used to pull copper from oxidized copper ore bodies.
"This experience has been terrific," Martin said. "It's gone very smoothly, but in any business there's always going to be hurdles."
Copper is trading at about $3.40 a pound, and its future curve should either stay flat or increase slightly due to the increased demand in developing nations, Martin said.
"In the long-term," Martin said, "copper mining looks like a good place to be."
Though the company has yet to start officially hiring, Martin said people hoping to find employment with Sierra Resource Group's Chloride Copper Mine should send an email containing their résumé, work experience and salary requirements to info@sierragroupinc.com.
Martin said the company expects to hire up to 40 people to operate the mine site.
http://www.kingmandailyminer.com/main.asp?Search=1&ArticleID=52504&SectionID=1&SubSectionID=798&S=1
Yes that estimate was based on the Feasibility Study that showed the permits were "good for the life of the mine". Instead SIRG had to modify and update the MPO and the APP. That caused at least a 6 month delay as the permitting process is NEVER easy.
Pay attention guys - SIX MONTHS TO GET A MODIFIED PERMIT TRANSFERRED!
The MPO is done and approved and CDM Smith is working on the APP. One hurdle left!
The reason for the SIRG DTCC chill was a discrepancy in the number of shares recorded. This was the responsibility of the CFO and the accounting firm. Both have been replaced and the chill was lifed in August.
Two insiders actually owned more shares than was recorded.
Initial number of shares beneficially owned by Mr. Benjamin at his election to the board was 3,865,300 which was inadvertently reported at 3,840,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Benjamin acquired 710,700 shares on August 3, 2011 at $0.0028 per share as an open market transaction.
Initial number of shares beneficially owned by Mr. Cordón at his election to the board was 1,710,000 which was inadvertently reported at 1,610,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share in a private transaction with an existing shareholder which a Form 4 has not been filed.
Total shares owned by insiders is 18,572,302.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8681062#SIERRA10K_HTM_ITEM12
Again very simple. 5277 Partners is Rod's LLC, formed in 2010.
When the word FACT is used it should be backed up with proof! Just show the Form 4 that shows Rod sold shares.
The F/S was done June 25, 2010 and Rod purchased his shares as a private investor in Oct of 2010.
Effective June 1, 2010, we amended our Certificate of Incorporation and declared a six (6) share stock split for each one share of the issued and outstanding shares. Total shares to be issued was six to 1. The record date and that date such shares were issued was June 25, 2010. The number of common stock outstanding increased from 19,592,000 to 117,552,000.
As an officer of an OTC public traded company Rod would be required to file a Form 4 if he intended to sell any shares. None has ever been filed.
SIRG just underwent a forensic audit and any share imbalance would have been shown in the 10-K/A.
Now that is easy since Rod is one of the major SIRG shareholders he clearly is looking out for everyone including himself.
He could have sold SIRG in Jan of 2011 at .50 and taken a very nice profit. He didn't and that tells me a lot. I like a CEO who has his own skin on the line.
Now why doesn't Marc own any shares of GDSM??
Without that paint job down SIRG would have closed at .0095!
Time & Sales
Price Size Exch Time
$0.0087 7,500 OBB 13:47:38
$0.0095 50,000 OBB 12:38:41
$0.0095 50,000 OBB 12:37:09
$0.0089 5,000 OBB 12:32:08
$0.0088 1,500 OBB 12:32:04
$0.0087 80,000 OBB 12:19:29
Nobody has ever disputed that. When Rod discovered that the permits were not "good for the life of the mine" and not able to be transferred with a "Notice of Restart".
So Rod needed money to continue moving SIRG forward and needs to get the permits to get the development funding.
Guess some thing Rod should have just given up and walked away just as Paul did when he couldn't raise funds for GDSM to develop the Oro Cache nor the SunGold.
Now Marc has 5 weeks left to cough up that $100K due Oct 20th.
What trouble? SIRG is doing fine. Under Rod's leadership he has built the company and they are one hurdle, the APP from being able to return the mine to production.
Rod was not an officer nor a member of the BOD until the end of August of 2011. He had NO control over decisions made by the company. The BOD cancelled that funding right after he took office.
And the old Harmony funding agreement is available in one of the old filings as an exhibit attachment. It did involve SIRG shares.
Really those two SIRG trades at .0095 were sells?
Time & Sales
Price Size Exch Time
$0.0087 7,500 OBB 13:47:38
$0.0095 50,000 OBB 12:38:41
$0.0095 50,000 OBB 12:37:09
$0.0089 5,000 OBB 12:32:08
$0.0088 1,500 OBB 12:32:04
$0.0087 80,000 OBB 12:19:29
Dream on. Those Asher notes are peanuts when SIRG has over $12,000,000 of assets!
Yes it really worked out well for SIRG as they ended up with 80% of the mine with no mortgage. So many junior miners burn through millions of dollars and end up with nothing to show for all their exploring.
CCME had Deloitte and Touche as their auditor too!
SIRG got painted down with a $65.27 trade!
Time & Sales
Price Size Exch Time
$0.0087 7,500 OBB 13:47:38
$0.0095 50,000 OBB 12:38:41
$0.0095 50,000 OBB 12:37:09
$0.0089 5,000 OBB 12:32:08
$0.0088 1,500 OBB 12:32:04
$0.0087 80,000 OBB 12:19:29
Please verify your claim that Rod said "we aren't using toxic financing".
Date of statement and link please.
I believe there might be some confusion here as that sounds like something Marc of GDSM would say.
Again - contact Mr. Chaffee. Get the facts from the "horse's mouth".
False and misleading statements like Marc made on Dec 21, 2011 that he was searching for a PCAOB firm to uplist! IT does not take 10 months to find one.
Here is a list, maybe someone wants to send it to Marc.
http://pcaobus.org/registration/firms/pages/registeredfirms.aspx
Watch and see. The SEC is already on GEER! When there is a share discrepancy in the Financial Disclosure Statements that is one huge RED FLAG for the SEC and it gets a lot quicker attention than just little loser complaints.
You choose to be blind to this:
-------------------------------------------
Quarterly Disclosure Statement March 31, 2012
Gold Coast Mining worked diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports and returned to CURRENT INFORMATION status on the Pink Sheet Tier system. In the last quarter, a total of 135mm new shares were issued to eliminate debt and share issuance obligations, as well as to secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=83293
--------------------------------------------
Quarterly Disclosure Statement June 30, 2012
Gold Coast Mining worked diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports and returned to CURRENT INFORMATION status on the Pink Sheet Tier system. A total of 125mm new shares were issued to eliminate debt and share issuance obligations, as well as to secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=89815 P.9.
The SEC won't be blind!
While I cannot show you a Feasibility Study for a current producing Arizona miner I can show you one for a "hoping" to be company.
It was updated Aug. 28, 2012
NI 43-101 Technical Report
Updated Feasibility Study
Pima County, Arizona, USA
REVISION 0
Prepared For:
M3-PN 08036
August 28, 2012
M3 Engineering & Technology Corporation ? 2051 West Sunset Road, Tucson, AZ 85704 ? 520.293.1488
Rosemont Copper Project
Qualified Persons:
Conrad E. Huss, P.E., Ph.D.
Susan C. Bird, M.Sc., P. Eng.
Tom L. Drielick, P.E.
Robert H. Fong, P. Eng.
John I. Ajie, P.E.
As you can see there are 5 people involved in doing the report.
THIS IS NOT A REPORT - IT IS A BOOK! 344 pages worth and cost several hundred thousand dollars to produce!
http://www.augustaresource.com/Theme/Augusta/files/doc_downloads/ROSEMONT%202012%20FEASIBILITY%20STUDY_v001_e1fpw4.pdf
I hate pumps and dumps and scams. When CEOs make false and misleading statements I get involved.
You can make all the excuses for Marc you want but the facts are he did not have permission to publish a report that was the property of the Whartons!
Then there is the fact of the 10,000,000 discrepancy on GDSM shares per their financial filings. That should be of concern of shareholders as it will be to the SEC.
Your investment dollars at risk - contact Mr. Chaffee or ask Marc what the holdup is on the Prescott meeting and the uplisting! I doubt there will ever be one. Prove me wrong.
There are 2 problems right now and I suggest anyone who is invested in GDSM to contact Mr. Chaffee and get the facts.
I received a call from Ron Dohrendorf this morning with additional questions about Jenkin's geology and engineering work.
He told me he is retired and only works 2 days a week for AZBOTR and that he is working his way through the file which is over an inch thick!
The Azurite report is the other problem in that the Whartons commissioned Jenkins to do it and paid him for genealogy work performed while not being registered. That report was given to Mr. Chaffee to review and he passed it on to Marc for his " private investors" to review and consider.
NEVER was any permission given to Marc to release that report to the public NOR put it on GDSM's website!
That report is what is causing the Jenkins investigation now! Clearly Mr. Chaffee is not happy with Marc.
Just as the Nevada SOS has failed to correct SIRG's SS, these government agencies appear to be understaffed or just plain slow.
MARCUM is listed as CATEFORY A
CATEGORY DESCRIPTIONS
A - Issued an audit report for at least one issuer
So MARCUM has already issued an audit and therefore FINRA knows who they are. I don't understand the delay in approving them as SIRG's new accounting firm.
DJ BASE METALS: Comex Copper 3.6495 Climbs on Weaker Dollar
Sep 11, 2012 By Tatyana Shumsky
--Comex December copper is up 0.4% at $3.7020 a pound
--Copper prices gain as dollar retreats
--Investors are looking ahead to the Fed's monetary decision Thursday
NEW YORK--Copper futures edged up to a four-month high Tuesday, supported by a weaker dollar and anticipation of monetary easing from the Federal Reserve later this week.
The most actively traded contract, for December delivery, was recently up 1.35 cents, or 0.4%, at $3.7020 a pound on the Comex division of the New York Mercantile Exchange. Copper touched a high of $3.7060, the highest price since May 10.
The dollar eased against the euro, with the European currency recently trading up 0.5% at $1.2823.
Copper futures are priced in dollars and become cheaper for investors who use other currencies when the dollar weakens, luring these investors to the market as buyers.
Copper's rally moderated Tuesday, losing some of the steam that helped prices add more than 17 cents a pound over the past two day. Copper roared up more than 3% on Friday, after a weaker-than-expected U.S. employment report fuelled expectations of more easy money from the Fed. The central bank's policy setting committee is due to deliver a decision Thursday, with broad market expectations leaning toward a new round of accommodative measures.
The rally got another leg up on Monday, when slower industrial data from China stoked hopes that the government there will institute a new stimulus program to boost the world's second-largest economy.
However, Deutsche Bank analysts warn that China's economic growth during the second half of 2012 may miss the bank's forecast of 7.6%.
Moreover, China's recently announced fast tracking of infrastructure spending by China's top economic planner, National Development and Reform Commission, are "not new stimulus", Deutsche Bank said in a note to clients. The projects include spending more than 700 billion yuan ($110 billion) on subways in 18 cities, and were widely seen as likely to lift demand for copper.
Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com
(END) Dow Jones Newswires
09-11-12 0931ET
Copyright (c) 2012 Dow Jones & Company, Inc.
http://futures.tradingcharts.com/news/futures/DJ_BASE_METALS__Comex_Copper_Climbs_on_Weaker_Dollar_185327228.html
SIRG has a CEO who does not announce events and the long term shareholders accept that fact.
Rod has done an outstanding job of guiding SIRG through the extremely difficult permitting process by hiring Rizzo & Assoc to procure approval of the MPO and then CDM Smith to deal with the APP.
While equity note funding is not desirable, it was necessary to achieve the final goal of getting the permits needed to move to production.
SIRG built a nice base at .008 and broke out returning again to penny land. That leap shows how tight the float has become. SIRG will continue to bounce in and out of penny land until news.
Good morning Salty,
Every day SIRG moves closer to production.
Nice spin - but why not post the date of that post of July 25, 2011, post #97 on the board. I had just begun to research SIRG and there was very little information available.
And I soon learned that Freeport or Rosemont would never be interested in a mine of that size.
And about a week later everything changed after talking to the CEO.
lmcat Tuesday, August 02, 2011 12:41:18 PM
Re: hazarderk post# 102 Post #104 of 17818
SIRG now has a maintenance crew onsite and they are doing an assay of the trailings. They know there is zinc there and are looking for traces of molybdenum. Molybdenum has been found at another mine in the area.
They are estimating the costs to refurbish the equipment and buildings to get the mine up and producing.
So what do you guys think about the 10,000,000 share discrepancy on the GDSM Financial Disclosure Statements?
Quarterly Disclosure Statement March 31, 2012
Gold Coast Mining worked diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports and returned to CURRENT INFORMATION status on the Pink Sheet Tier system. In the last quarter, a total of 135mm new shares were issued to eliminate debt and share issuance obligations, as well as to secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=83293
--------------------------------------------
Quarterly Disclosure Statement June 30, 2012
Gold Coast Mining worked diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports and returned to CURRENT INFORMATION status on the Pink Sheet Tier system. A total of 125mm new shares were issued to eliminate debt and share issuance obligations, as well as to secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=89815 P.9.
Neither have I but SIRG cannot change the SS without notifying shareholders and filing the proper forms. It is OTC and only stinky pinkies can change their SS at will.