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Re: ttmasher post# 87326

Saturday, 11/17/2012 12:38:14 PM

Saturday, November 17, 2012 12:38:14 PM

Post# of 162648
No, clearly not listed as cash. It is listed as an "asset" and is the arbitrary, unsupported, and fantasy value GDSM has applied to their JV with WSRA. They could have picked any number out of the air that they wanted to assign to that "asset".

And there is no evidence that the JV even exists. WSRA seems to be going down a path without GDSM with development of the Azurite. Who knows what is going on with the Gold Star and Gold Crown, but there does not appear to be any activity there since the failed sampling program.

And now the IGMR merger seems highly in doubt since IGMR is pursuing the sale of their mining claims with several other "mining" companies. Why would they wait around for months, or years (or never), for GDSM to uplist when there is money to be scammed from investors now.....??

What does that leave GDSM with? A maxed out A/S (soon to be raised substantially, IMO), no JV's, no merger, and not much else.