GGSM | Gold and GemStone Mining, Inc. | Midday Update

Gold and GemStone Mining Inc. GGSM

We wanted to send out an update to outline the news released today by GGSM. We are currently monitoring closely for more bounce opportunities like the one that presented itself this morning as the stock dipped to .11 before trading as high as .135, for a possible 23% intraday jump.

The stock had already doubled the volume of yesterday’s session by lunch today. We’d like to see the support continue to hold off of the 20DMA, currently sitting around .105.

Today’s News:

DRAPER, UT, Dec 05, 2012 (MARKETWIRE via COMTEX) — Gold and GemStone Mining Inc. (OTCQB: GGSM), a gold and diamond exploration and development stage mining company focused on Sierra Leone, West Africa, has commented today on the growing economic opportunity within the mining industry of the Country in which it plans for full scale alluvial mining operations to begin in Q2 2013.

Sierra Leone has emerged as one of the most stable countries on the African continent. Its democracy is thriving, the economy is growing and the climate for investment is being transformed. With its verdant land, stunning beaches, fertile seas, vast mineral resources and innovative people — Sierra Leone is truly a land of opportunity.

In a recent report issued by the Standard Chartered Bank forecasts show Sierra Leone is set for rapid growth; with forecasts at 30% growth in real GDP in 2012 Government forecasts from the Ministry of Finance and the IMF go beyond this and estimate a potential one time surge in real GDP growth of 51% y/y in 2012 owing to new iron-ore production from the Tonkolili mine which would still put Sierra Leone among the fastest-growing African countries.

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Be sure to watch this GGSM spotlight for a peek into operations in Sierra Leone:
GGSM Video

More Info at : www.ggsmining.com

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Extended Watchlist:
REVO, AMBS, HEMP, TAON (Potential Bottom-Bouncer)

GGSM | Gold and GemStone Mining, Inc. | Special Report

Gold and GemStone Mining Inc. GGSM

Allow us to introduce GGSM this morning. We are pretty pumped about the upside potential of this stock. The main focus of the company currently lays in the alluvial diamond and gold-producing area of Sierra Leone known as the Kono District.

One of things that makes it so exciting is the history of the region, being known as the site of many large finds in the past, including most recently in 2002, a diamondweighing 1440ct was found and sold for 75 million dollars in Belgium.

GGSM has worked very hard to receive the clearance (or concession) from local authorities to go ahead with mining operations, so that gold and diamonds can begin to be extracted from their three current claims which are sprawled over three separate chiefdoms.

The company’s near term focus is on the full funding, development and production of its first mining concessions, from which several instances of sampling have produced promising results.

The results show an average  56 carats per hundred-ton of high quality diamonds, slightly above the average grade of stones coming out of the region.

Equally impressive data is found, in relation to the incidence of gold with sampling taken from a total of 270 tonnes of gravel showing 62 grams /hundred ton at a purity rate of 96.4%.

Through the addition of a managing partner with experience in African diplomacy, we feel that the company will eventually be able to expand operations into surrounding chiefdoms. This addition is outlined in the PR from yesterday, that we’ve included here:

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DRAPER, UT, Dec 04, 2012 (MARKETWIRE via COMTEX) — Gold and GemStone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration and development stage mining company has announced Martin Hall as Chairman of the Board of directors.

 Mr. Hall is working closely with numerous African governments in an effort to transform the mining industry on the Continent and to provide them with related technologies that will revolutionize the manner in which mining had been conducted in the past.

___In addition to a promising back-story, the GGSM Chart has been building steadily over the past few weeks, running 100% from a low of .07 on Oct.17th, to .14, reached on Monday.

As you can see below, the stock broke above all of its moving averages midway through November. It has been on a steady uptrend since then, with only a few instances in which it dipped, to find support at the 100DMA.

We have a diverging MACD following the recent bullish cross, and the histogram is ramping up to that effect. The Slow STO is in the power zone and appears ready for another bullish cross. While not pictured below, the RSI is in the power zone as well. GGSM traded 3.5X its 3mo. average volume yesterday. As we all know, volume increases often precede PPS increases, so we are looking for GGSM to attain even further gains, and continue the current uptrend. The 52-week high is .20- a jump back to those levels from the current price, we could be looking at an additional 43% gain.

Be sure to watch this GGSM spotlight for a peek into operations in Sierra Leone:

GGSM Video

More Info at : www.ggsmining.com

EDWY | eDoorways Intl. Corp. & Extended Watchlist

eDoorways International Corp. EDWY

We like eDoorways, a well-diversified company that we feel is moving in a positive direction, with some exciting things going on just under the surface.

Fitness guru Mike Torchia (trainer of such big-name celebrities as Al Pacino and Matt Damon) is in league with EDWY working on a health & fitness app, the production of which is being aided along by Hollywood special effects wizard, Alison Savitch.

In August, EDWY subsidiary Smart 1 Systems, Inc. added Savitch as VP of New Media Technology. Savitch is better known as a digital effects producer for major motion pictures such as Avatar, Dogma, Terminator 2, Arachnophobia, and more.

It will be exciting to see the app once it is finished, so we’ll certainly be on the lookout for further updates in that regard.

The company has also been focused on getting its books in order, the efforts of which are outlined in the PR found below, but first, take a look at the ripening chart:

As we can see, the Accum./Dist. is rising sharply as momentum and volume has increased over the past few trading sessions. The stock closed at the high of day yesterday, at .03, up another 20% We’ve been tracking this thing since a low of .0153 last week, and we are up 96% from that point, at current levels. We can also see a PPO and Slow STO which have superseded the 50MA, and the PPO in particular looks ready for a bullish cross any time now. The RSI has also broke the 50MA and is rising toward the power zone. Passing by the 200DMA of .031 would be hug- the last time the stock breached that point, there was a run to .05.

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PR out yesterday:

AUSTIN, Texas, Dec. 3, 2012 /PRNewswire via COMTEX/ — eDoorways International Corporation (Pink Sheets: EDWY) announced today that the Company is anticipating a very exciting end to Q4 of 2012. “We have been working tirelessly the past couple of months, trying to end our final quarter on a strong note,” stated Chris Mitchell, CFO of eDoorways. “We’re excited to announce that many of these items are coming to fruition, and in line with our transparency initiative, we’re happy to continue to inform our shareholders.”

The primary initiative of eDoorways has been to raise capital in a non-dilutionary method, to continue expansion of the Company’s business plan. “The first item we’re happy to announce is the finalization of funding to remove long standing debt from our balance sheet and replace it with equity funding supplied by long-term holders; therefore, minimizing any near term negative effect on our securities,” continued Mitchell. “We are in the final stages of securing this capital, in addition to a substantial round of financing currently in the works. We anticipate not only this deal adding a healthy valuation to Smart1Systems (S1S), but also supplying eDoorways with the funding necessary to bring many of our projects to completion. It’s important to note that all of these investments are being made as long-term holdings into our companies, payable primarily in restricted notes and securities.”

The other item coming to completion is the long awaited audit, currently being finalized by the Company’s auditing firm. With the removal of eDoorway’s long standing debt, Company insiders expect the audit’s completion before the end of the fiscal quarter.

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More Info at: http://www.edoorways.com

Extended Watchlist:
GSPT, PPHM, PRPM, MMMW, CPPD,