Milesblue42
3 weeks ago
Hobbes, the Financials are STILL UNAUDITED
https://www.otcmarkets.com/stock/GGSM/news/Gold-and-Gemstone-Mining-Inc-Highlights-Year-End-2024-Business-Sectors-to-Show-Significant-Growth-in-2025?id=475316
Revenue Year ended with $11,400,000.
Assets increased by $1,306,000 over 2023.
Equity increased by $2,303,000 over the prior year.
Question, is Ceo Rudi cooking the Books? Why after all these years are his Financials still UNAUDITED? Is this a Big Red Flag??
Milesblue42
3 weeks ago
Why is CeoRudi's name missing from PR?
https://www.theglobeandmail.com/investing/markets/markets-news/TheNewswire.com/32129302/gold-and-gemstone-mining-inc-highlights-year-end-2024-business-sectors-to-show-significant-growth-in-2025/
"Gold and Gemstone Mining, Inc. is strategically positioned to participate in the growth throughout Indonesia in both the construction and recreational segments. With the growing capacity of the Cargo Business Unit and the contracts already in place, Gold and Gemstone Mining is positioned to capture great growth. Our Recreational Services Unit, with the Charter Boats, Oceanfront Hotels, and restaurants, will welcome the tourism growth," stated President Todd Noble.
The one and only PR last year didn't mention Ceo Rudi Khelces. Now the 1st PR of 2025 once again fails to mention Ceo Rudi Khelces. Very strange in my opinion.
Chartmaster
3 weeks ago
Gold and Gemstone Mining, Inc. Highlights Year-End 2024 Business Sectors to Show Significant Growth in 2025
New Media Wire | 04/30/2025
Gold and Gemstone Mining, Inc. Highlights Year-End 2024 Business Sectors to Show Significant Growth in 2025
JAKARTA, INDONESIA - April 30, 2025 (NEWMEDIAWIRE) - Gold and Gemstone Mining, Inc. ("Gemstone") (GGSM), operates the Recreational Services Unit from the Mentawai Islands and Beyond, and its Cargo Boat Business Unit transporting construction materials throughout Indonesia.
Recreational Services Unit and the Cargo Boat Business sectors project 8.75% and 8.05% growth, respectively, in 2025.
The Company is pleased to highlight these specifics in the 2024 Annual Report.
Revenue Year ended with $11,400,000.
Assets increased by $1,306,000 over 2023.
Equity increased by $2,303,000 over the prior year.
Indonesia's Ministry of Tourism has unveiled its goal to welcome 16 million international visitors in 2025. This announcement was made during the 2024 Year-End Press Conference at the Ministry's headquarters. This is a projected increase of 8.75% in tourist visits.
Indonesia Commercial Construction Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) project a CAGR rate of 8.05% for the next five (5) years. The market size growth rates are targets at USD 33.48 Billion in 2025 with an estimated increase to USD 49.31 Billion. (Source: Mordor Intelligence).
"Gold and Gemstone Mining, Inc. is strategically positioned to participate in the growth throughout Indonesia in both the construction and recreational segments. With the growing capacity of the Cargo Business Unit and the contracts already in place, Gold and Gemstone Mining is positioned to capture great growth. Our Recreational Services Unit, with the Charter Boats, Oceanfront Hotels, and restaurants, will welcome the tourism growth," stated President Todd Noble.
About Gold and Gemstone Mining, Inc.
Gold and Gemstone Mining, Inc. is focused on acquiring and managing properties, assets, and charter boat services worldwide. The Company's goal is to build a successful action sports business that benefits shareholders and contributes to coastal regions worldwide.
Stay connected:
** Website: www.ggsmglobal.com
** OTC Markets: GGSM
** X (formally Twitter)
** Linked-In
For further information, please contact:info@ggsmglobal.com
Gold and Gemstone Mining, Inc.
Todd Noble
Grand Slipi Tower, Jln. Jend. S. Parman 22-24
Jakarta 11480 Indonesia
+1 619-844-1279
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes," "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
View the original release on www.newmediawire.com
https://www.otcmarkets.com/stock/GGSM/news/Gold-and-Gemstone-Mining-Inc-Highlights-Year-End-2024-Business-Sectors-to-Show-Significant-Growth-in-2025?id=475316
Calvin Hobbes
1 month ago
$GGSM best trip around imho. (getting found)
Before these last few filings the old information was just repasted into the filings. We are now seeing real progress here. NONE OF WHAT I AM SHOWING YOU HAS BEEN MENTIONED IN ANY PRESS RELEASES AT ALL!!!
At the bottom of this POST I explain why I believe we will have added approx $34M dollars in future revenues min. Not sure on exact numbers or if per year or how it works. Just sharing what I find so far.
UNTIL THEN THOUGH HERE ARE THE FACTS OF WHAT THE COMPANY HAS DONE SO FAR>
Revenues are now in total 2024 were $11.4M (NO DEBTS AT ALL) Let that sink in
$2,828,412.37 Q4 plus
https://www.otcmarkets.com/otcapi/company/financial-report/454361/content
$8 600 000 previous 3 Q's combined
https://www.otcmarkets.com/stock/GGSM/news/Gold-and-Gemstone-Mining-Achieves-Record-86-Million-Revenue?id=462869
Cash & Bank $2,888,230.95 ( how many companies have 2.8M in cash in the OTC????
Term Deposit $1,675,313.63 (even a tern deposit = basically more cash)
Assets $10,081,275.11
TOTAL NET PROFITS 2024 OF $2,303,192.5
BOOK VALUE APROX .0048 NO MULTIPLES
This was added into the Quarterly Report - For the Period Ending: June 30, 2024
Fleet expansion with 20 Ton Cargo Trucks to meet Increasing demand in its Timber and Charcoal Business: as a leading
provider of timber and charcoal products in Indonesia, the acquisition of three additional 20 Ton cargo trucks expands the
Company's fleet to meet the growing demands of its timber and charcoal business. As the market for the Company's
products continues to increase, The Company is committed to delivering high-quality timber and charcoal to our valued
customers worldwide in a timely manner. Adding these three new trucks will significantly enhance our capabilities and
ensure efficient and reliable deliveries.
New from this FILING (NO DILUTION TO SHAREHOLDERS AS GIVEN IN PREFEERED)
PT Surf All Day established a new business as a Timber Factory, this factory will import and export timber. The Company
has secured 7,000 Hektar’s of timber. This is equal to over 17,000 acres of timber. Its division of Cargo Business will gain
activity in the transportation of the import and export of timber throughout the commercial construction industry of Indonesia.
The Cargo Boat Murni, headquartered in Padang Harbor, Sumatra, revenues are expected to increase by 8.05% in 2025.
The Cargo Boat Murni's capacity to haul 200 tons of building materials for Resorts and Government Contracts will continue
to increase revenue as Indonesia's construction and land development sector between Sumatra, Nias, and Telos islands
expand rapidly.
THE NEW DEAL TIMBER FACTORY
How they paid for it ( Preferred shares)
Why they did it
As well they have a construction and cargo ship business.
They are not affected by Tariffs either.
What this means for revenues : I cannot find exact numbers however we do know that...
Forestry targets 400,000 job creation
The Minister of Forestry, Raja Juli Antoni, said the
government is targeting an investment of IDR19.9 trillion
in the forestry sector which is expected to create 400,000
jobs. This was reported during a meeting with
Commission IV of the Indonesian House of
Representatives. The Minister stated that the theme for the
Ministry of Forestry's development in 2025 is to enhance
forest production and promote downstream activities to
ensure equitable economic development across regions.
The forestry development theme for 2025 aims to achieve
several objectives. The first is to enhance economic
growth by increasing the contribution to GDP and increase
exports by 3-5%t; second, equitable regional development
through increasing the capacity of forest farming groups
by 7-8% and third;, reducing deforestation by 3-4%.
I asked co pilot about it. (AI)
teak 17000 acres price in indonesia
The price of teak in Indonesia has been steadily increasing. As of recent reports, Indonesian teak prices have climbed from $3,000 per cubic meter at the beginning of the year to $3,500 per cubic meter. However, the total price for 17,000 acres would depend on various factors, including the density of teak trees, land value, and market conditions.
then I asked price these per 17000 acres for each one
The price of wood varies significantly based on factors like location, quality, and market demand. Here’s an estimate for 17,000 acres of each type of wood in Indonesia:
Teak – Prices have been rising, currently around $3,500 per cubic meter.
Meranti – Land prices vary, but Meranti is commonly used in construction.
Mahogany – Mahogany is widely used for furniture and has a strong market.
Ulin (Ironwood) – Known for its durability, but pricing data is limited.
Acacia – Used in pulp industries, with plantations expanding.
calculate as per averages on each for last year prices
Here’s an estimate of the total cost for 17,000 acres of each type of wood in Indonesia, based on last year's average prices:
Average Price per Cubic Meter Estimated Cost for 17,000 Acres
Wood Type
Teak $3,500 Depends on tree density
Meranti $708 Varies by plantation
Mahogany Data unavailable Requires further research
Ulin (Ironwood) $16,500 High-value timber
Acacia $3,500 Common in pulp industries
Rubberwood $233 Affordable option
SO I will use $2000 in stead of $3500 of that to be safe and we are at $34 000 000 if in fact its teak or another expensive wood like Acacia $3500 or the massive one of Ulin (Iron wood) $16 500 . In fact it could be much higher. I always like to use smaller numbers though.
I use teak and acacia as it common in pulp industries as well as construction..
I also know they are building high end homes there through Loretta the CEO's other company that brings revenues into GGSM. .
Calvin Hobbes
1 month ago
$GGSM best trip around imho. (getting found)
Before these last few filings the old information was just repasted into the filings. We are now seeing real progress here. NONE OF WHAT I AM SHOWING YOU ABOUT WHAT IFOUND IN FILINGS ABOUT NEW TIMBER FACTORY AND NEW TRUCKS ADDED HAS BEEN MENTIONED IN ANY PRESS RELEASES AT ALL!!!
At the bottom of this POST I explain why I believe we will have added approx $34M dollars in future revenues min. Not sure on exact numbers or if per year or how it works. Just sharing what I find so far.
UNTIL THEN THOUGH HERE ARE THE FACTS OF WHAT THE COMPANY HAS DONE SO FAR>
Revenues are now in total 2024 were $11.4M (NO DEBTS AT ALL) Let that sink in
$2,828,412.37 Q4 plus
https://www.otcmarkets.com/otcapi/company/financial-report/454361/content
$8 600 000 previous 3 Q's combined
https://www.otcmarkets.com/stock/GGSM/news/Gold-and-Gemstone-Mining-Achieves-Record-86-Million-Revenue?id=462869
Cash & Bank $2,888,230.95 ( how many companies have 2.8M in cash in the OTC????
Term Deposit $1,675,313.63 (even a tern deposit = basically more cash)
Assets $10,081,275.11
TOTAL NET PROFITS 2024 OF $2,303,192.5
BOOK VALUE APROX .0048 NO MULTIPLES
This was added into the Quarterly Report - For the Period Ending: June 30, 2024
Fleet expansion with 20 Ton Cargo Trucks to meet Increasing demand in its Timber and Charcoal Business: as a leading
provider of timber and charcoal products in Indonesia, the acquisition of three additional 20 Ton cargo trucks expands the
Company's fleet to meet the growing demands of its timber and charcoal business. As the market for the Company's
products continues to increase, The Company is committed to delivering high-quality timber and charcoal to our valued
customers worldwide in a timely manner. Adding these three new trucks will significantly enhance our capabilities and
ensure efficient and reliable deliveries.
New from this FILING (NO DILUTION TO SHAREHOLDERS AS GIVEN IN PREFEERED)
PT Surf All Day established a new business as a Timber Factory, this factory will import and export timber. The Company
has secured 7,000 Hektar’s of timber. This is equal to over 17,000 acres of timber. Its division of Cargo Business will gain
activity in the transportation of the import and export of timber throughout the commercial construction industry of Indonesia.
The Cargo Boat Murni, headquartered in Padang Harbor, Sumatra, revenues are expected to increase by 8.05% in 2025.
The Cargo Boat Murni's capacity to haul 200 tons of building materials for Resorts and Government Contracts will continue
to increase revenue as Indonesia's construction and land development sector between Sumatra, Nias, and Telos islands
expand rapidly.
THE NEW DEAL TIMBER FACTORY
How they paid for it ( Preferred shares)
Why they did it
As well they have a construction and cargo ship business.
They are not affected by Tariffs either.
What this means for revenues : I cannot find exact numbers however we do know that
Export Benchmark Price (HPE) of Wood for February
2025
Forestry targets 400,000 job creation
The Minister of Forestry, Raja Juli Antoni, said the
government is targeting an investment of IDR19.9 trillion
in the forestry sector which is expected to create 400,000
jobs. This was reported during a meeting with
Commission IV of the Indonesian House of
Representatives. The Minister stated that the theme for the
Ministry of Forestry's development in 2025 is to enhance
forest production and promote downstream activities to
ensure equitable economic development across regions.
The forestry development theme for 2025 aims to achieve
several objectives. The first is to enhance economic
growth by increasing the contribution to GDP and increase
exports by 3-5%t; second, equitable regional development
through increasing the capacity of forest farming groups
by 7-8% and third;, reducing deforestation by 3-4%.
I asked co pilot about it. (AI)
teak 17000 acres price in indonesia
The price of teak in Indonesia has been steadily increasing. As of recent reports, Indonesian teak prices have climbed from $3,000 per cubic meter at the beginning of the year to $3,500 per cubic meter. However, the total price for 17,000 acres would depend on various factors, including the density of teak trees, land value, and market conditions.
then I asked price these per 17000 acres for each one
The price of wood varies significantly based on factors like location, quality, and market demand. Here’s an estimate for 17,000 acres of each type of wood in Indonesia:
Teak – Prices have been rising, currently around $3,500 per cubic meter.
Meranti – Land prices vary, but Meranti is commonly used in construction.
Mahogany – Mahogany is widely used for furniture and has a strong market.
Ulin (Ironwood) – Known for its durability, but pricing data is limited.
Acacia – Used in pulp industries, with plantations expanding.
calculate as per averages on each for last year prices
Here’s an estimate of the total cost for 17,000 acres of each type of wood in Indonesia, based on last year's average prices:
Average Price per Cubic Meter Estimated Cost for 17,000 Acres
Wood Type
Teak $3,500 Depends on tree density
Meranti $708 Varies by plantation
Mahogany Data unavailable Requires further research
Ulin (Ironwood) $16,500 High-value timber
Acacia $3,500 Common in pulp industries
Rubberwood $233 Affordable option
SO I will use $2000 in stead of $3500 of that to be safe and we are at $34 000 000 if in fact its teak or another expensive wood like Acacia $3500 or the massive one of Ulin (Iron wood) $16 500 . In fact it could be much higher. I always like to use smaller numbers though.
I use teak and acacia as it common in pulp industries..
I also know they are building high end homes there through Loretta the CEO's other company that brings revenues into GGSM. .
HigherStandard
1 month ago
I agree with you, that it would have been good if the financials were audited;
but, that doesn't mean the financials are bs; the Co. reports in US $'s, is pink current, and has the Oklahoma attorney putting out attorney letter.
It can be and one of a few reasons, that the market value is a tenth of it's book value.
IMO, there's a lot of positive to be drawn out here at this share price level; especially for a newbie or one looking to average down (like I continue to do).
I always look at all major factors and measure the risk/reward; which IMO is very favorable here.
As we all know in the penny market; one catalyst can turn things around. Yes, we never know when that can be; and most rather be in the pump and dumps, which are more active and liquid; but I like both active and what I deem good cheap risk/reward value for when the good times come.
The board is here to complain; but, it doesn't help or matter....you need to be in it, to win it...and I'm glad I am in a big way here.
I'll continue the confidence, and add when I can. GLTY
Milesblue42
1 month ago
Exactly, same Ole UNAUDITED Financials...
GM All! Annual was posted last night....same ole as far as the consistent numbers.
All good...read it for yourselves. IMO, probably won't have much of an impact for the marketplace;
Yes, all indonesian revenues and not audited. The mention though is still there that the "Articles Of Incorporation" were amended, and now a Oklahoma Corp. IMO, I still strongly believe, we will have some happenings here in the US, at any time. The new President...The Oklahoma attorney's....and the strong cash position, no debt and over $10 million in equity, gives me that confidence. I'm glad I have a very large position here; and ok with however long it will take. I know 99% of penny players like the liquid ones that have the buzz...but nothing wrong with a couple of slow long termers. Regardless, IMO, this is such an amazing price entry/add, if patience can be had. Expecting Q1 and attorney letter sometime in May. GLTA
After all of these years why does Ceo Rudi not have Audited Financials?
HigherStandard
1 month ago
GM All! Annual was posted last night....same ole as far as the consistent numbers.
All good...read it for yourselves. IMO, probably won't have much of an impact for the marketplace;
Yes, all indonesian revenues and not audited. The mention though is still there that the "Articles Of Incorporation" were amended, and now a Oklahoma Corp. IMO, I still strongly believe, we will have some happenings here in the US, at any time. The new President...The Oklahoma attorney's....and the strong cash position, no debt and over $10 million in equity, gives me that confidence. I'm glad I have a very large position here; and ok with however long it will take. I know 99% of penny players like the liquid ones that have the buzz...but nothing wrong with a couple of slow long termers. Regardless, IMO, this is such an amazing price entry/add, if patience can be had. Expecting Q1 and attorney letter sometime in May. GLTA
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