{"id":4018,"date":"2014-03-04T11:11:43","date_gmt":"2014-03-04T11:11:43","guid":{"rendered":"\/?p=4018"},"modified":"2014-03-04T11:11:48","modified_gmt":"2014-03-04T11:11:48","slug":"gold-coast-mining-co-otcmktsgdsm-roars-forward-again-on-mondays-optimism","status":"publish","type":"post","link":"\/articles\/gold-coast-mining-co-otcmktsgdsm-roars-forward-again-on-mondays-optimism\/","title":{"rendered":"Gold Coast Mining, Co. (OTCMKTS:GDSM) Roars Forward Again on Monday’s Optimism"},"content":{"rendered":"

Gold Coast Mining, Co. (OTCMKTS:GDSM<\/a>) is moving forward in growth bursts, usually as the new week opens with optimism. On Monday, GDSM<\/a> grew by more than 154% to $0.0033, on buying volumes above $2.32 million. \"GDSM0403.png\" <\/p>\n

GDSM<\/a> keeps up investors’ interest by a reiteration of its future intentions to move away from its former plans of gold prospecting. Now, GDSM<\/a> is doling out incomplete details of its plans to create a Colorado-based subsidiary and make use of the liberalized cannabis market.\"VGPR0304.png\"<\/p>\n

What is strange is that GDSM<\/a> would be planning a business venture with Gelpid, a private company that is also a judgment holder against Gold Coast Mining. In fact, the entity that GDSM<\/a> plans to create will serve to provide Gelpid with further development of its marijuana business, if it desires to do so.<\/p>\n

Gelpid has minor fame for its consulting manager, Chris Chiari, who ran as a Democrat candidate for the state of Houston in 2006 and 2008, unsuccessfully. While Gelpid is a private holding company, it may well try to gain public access as an OTC marijuana ticker, given that Chris Chiari is a vocal advocate of marijuana, and even linked to the King of Quality site and Facebook pages, with more than 10 thousand followers, dealing with topics of recreational or medical cannabis.<\/p>\n

Time will show if this connection proves hot enough for GDSM<\/a>, but for now the ticker is underpriced enough to invite buying and improve its positions. In the past, there have been enough examples of double and even triple-zero marijuana stocks gaining toward a price of a few pennies. For now, GDSM<\/a> does not have the extra boost of an email promotion, whether paid or free, but it lines up among the more actively traded selections.<\/p>\n

Now, GDSM<\/a> also expects to update users on its plans to purchase and operate oil and gas wells as a revenue-generating activity, but it is indeed the mention of a cannabis link that plays an even bigger role.<\/p>\n

Another company that switched business modes in the recent days is Vega Biofuels, Inc. (OTCMKTS:VGPR<\/a>). The announcement was close in time to the earnings report, so VGPR<\/a> continued its meteoric rise to ten times its value in a few days. On Monday, the ticker retreated from $0.0045 to $0.0037, as the trend was fast and took a breather. Now, it is a question of how long the gains survive, and if VGPR<\/a> won’t return to a depressed price.<\/p>\n

Fortitude Group, Inc. (OTCMKTS:FRTD<\/a>) also grew its price ten times as it announced the purchase of a medical cannabis subsidiary, even being ready with a MariMist product through a partnership with MariMedical Pharmaceuticals. FRTD<\/a> currently stands at$0.026, and only a couple of weeks back started around $0.002.<\/p>\n

If you still like GDSM<\/a>, keep in mind that the company is rather sensitive to spikes in publicity, and depends on the high-profile marijuana hype to keep its gains. But at this low price, hanging onto gains is quite difficult, and most tickers end up being merely a flash in a pan. If you still like GDSM<\/a> at these positions, it is best to be able to absorb the losses when they inevitably happen.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold Coast Mining, Co. (OTCMKTS:GDSM) is moving forward in growth bursts, usually as the new week opens with optimism. On Monday, GDSM grew by more than 154% to $0.0033, on buying volumes above $2.32...<\/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":[1274,1251,1280],"class_list":["post-4018","post","type-post","status-publish","format-standard","hentry","category-news","tag-frtd","tag-gdsm","tag-vgpr"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4018","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=4018"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4018\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}