Replies to post #2001 on Goldsands Development Company (GSDC)

[balamidas]

GSDC is getting its money now from those guys >>>>


http://www.securities.com/Public/company-profile/CO/Mineros_SA_en_2116240.html


http://finance.yahoo.com/news/mineros-exercises-first-option-goldsands-203000485.html

"Mineros S.A. has formally exercised Option 1 of our Mineral Right Option and Joint Venture Agreement and made the initial payment of US$196,000 to GoldSands pursuant to the amended agreement."

"in addition to fulfilling the requirements under Option 1, Mineros is required to expend a minimum of US$ 3,500,000 (US Dollars Three Million Five Hundred Thousand) on exploration and development of the property underlying the Mining Rights in order to exercise Option 2"


things are on the move here since May


an update is expected

[balamidas]

Mineros S.A GSDC partner is a solid Company >>


According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 31.68%, from COP 273,690 millions to COP 360,392 millions. Operating result increased from COP 88,825 millions to COP 172,661 millions which means 94.38% change. The results of the period increased 26.05% reaching COP 115,802 millions at the end of the period against COP 91,870 millions last year. Return on equity (Net income/Total equity) went from 24.14% to 26.53%, the Return On Asset (Net income / Total Asset) went from 21.84% to 22.50% and the Net Profit Margin (Net Income/Net Sales) went from 33.57% to 32.13% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 17.88% compared to 10.52% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.11 to 2.85 when compared to the previous year.


http://www.securities.com/Public/company-profile/CO/Mineros_SA_en_2116240.html

[fletch97]

I agree, this board has been dead and it's nice to see a few people discussing it. (Good or bad!)

Based on my DD, this stock is undervalued and oversold! I am not saying it's worth a lot but it shouldn't be this low.

2 Days of 0 volume is a big concern, we need volume and we need to break that 0.026 and 0.028 resistance!

If anyone has contact with management, please address these concerns with them. I'd love to hear from them.