{"id":3885,"date":"2014-02-13T15:12:57","date_gmt":"2014-02-13T15:12:57","guid":{"rendered":"\/?p=3885"},"modified":"2014-02-13T15:13:00","modified_gmt":"2014-02-13T15:13:00","slug":"gold-coast-mining-corp-otcmktsgdsm-takes-off-on-corporate-update","status":"publish","type":"post","link":"\/articles\/gold-coast-mining-corp-otcmktsgdsm-takes-off-on-corporate-update\/","title":{"rendered":"Gold Coast Mining, Corp. (OTCMKTS:GDSM) Takes Off on Corporate Update"},"content":{"rendered":"<p> It&#8217;s been a while since gold stocks were in fashion, especially now that the rush is for the &#8220;green gold&#8221; of marijuana. But here we have a gold prospector coming into view again, hot out of the sub-penny range. We have not seen Gold Coast Mining, Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a>) since 2012, but things were uneventful- or rather, negatively eventful, as the ticker went down from a few cents to triple-zero prices. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GDSM1302.png\" border=\"0\" alt=\"GDSM1302.png\" title=\"GDSM1302.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>But 2014 awakens many sleepers, and finally, it was the turn of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a>. Wednesday brought this stock upward by exactly 100% to $0.001, on buying volumes above $951,000. In the past trading days, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> picked up in activity, and boosted its stock price by 10 times- a feat not unusual for a bottom-dweller. But what could take up this forgotten gold-digger and bring it among the most actively traded? <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/HESG1302.png\" border=\"0\" alt=\"HESG1302.png\" title=\"HESG1302.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>Currently, the ticker is not promoted, and the only reminder is a recent corporate update from February 11th, which ignited the whole thing. The company announced it is in negotiations to purchase gas wells using debt capital- a slightly worrying prospect, but keep in mind that the talk is rather preliminary. Also, there is a mention of oil wells- a moving away from the initial gold claims. While we can&#8217;t know if any of the wells will turn profitable, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> promises there would be updates on the negotiations- and that would mean at lest increased publicity.<\/p>\n<p>Unfortunately, we don&#8217;t have a SEC report for the company, and the self-reported data on the OTC profile look dismal:<\/p>\n<ul>\n<li>Zero cash<\/li>\n<\/ul>\n<ul>\n<li>Zero assets<\/li>\n<\/ul>\n<ul>\n<li>Zero revenues<\/li>\n<\/ul>\n<ul>\n<li>$806,000 total current liabilities<\/li>\n<\/ul>\n<p>Add to this a whooping 2.3 billion shares outstanding, with further 3.5 billion authorized, and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> starts looking much shakier. And now, there is a single speculation that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> may not see oil drilling as enough- and may find a creative way to attach itself to the marijuana industry. It&#8217;s a wait-and-see situation, though quite diverse businesses so far have managed to write the magic word next to their ticker symbol and invite investors. So keep in mind that for a <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> in a new field, the same red flags apply.<\/p>\n<p>A recent story unfolded that resembles <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a>, that of triple-zero stock Health Sciences Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=HESG\">HESG<\/a>). This extremely underpriced selection boomed to increase its value eight times, only to slide back and stagnate at $0.0004. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=HESG\">HESG<\/a> also harbors numerous risks, and was chosen for its potential to rise in the short term.<\/p>\n<p>Another mover with an extremely low price was Triton Distribution Systems, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TTDZ\">TTDZ<\/a>), which rose on the news it would become an OTC shell for a developed travel company. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TTDZ\">TTDZ<\/a> now stands at $0.0031, about 10 times the value at the beginning of the climb, but the gains are slower now.<\/p>\n<p>If you still like <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GDSM\">GDSM<\/a> at this positions, keep in mind that even at this low price, sharp corrections are not inevitable. Invest accordingly and remember that &#8220;cannabis&#8221; is not a magic word that keeps shares from volatility, quite on the contrary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been a while since gold stocks were in fashion, especially now that the rush is for the &#8220;green gold&#8221; of marijuana. But here we have a gold prospector coming into view again, hot&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1251,584,1218],"class_list":["post-3885","post","type-post","status-publish","format-standard","hentry","category-news","tag-gdsm","tag-hesg","tag-ttdz"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3885"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3885\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}