Carmine- Some bad points (boldings added):

Mill property mortgage: "We are in default on the payment due January 1, 2013"

"As of June 30, 2013 and December 31, 2012, Goldland owed us $982,447 and $1,187,282 respectively. The amounts are non-interest bearing, unsecured demand loans." WTF are they lending money (in the form of shares) to GHDC for, with no interest? It's to pay PQ and company their outrageous GHDC salaries and perks. Why doesn't GHDC just issue shares to pay them?

I hope this is a misprint: "756,733,336 shares of Class A Common Stock under our stock compensation plan."

"In the six months ending June 30, 2012 and 2013, we processed 10,920 and 0 tons of tailings, respectively, through our mill circuit into concentrate."

"$1,904,901 in two year notes payable, of which $1,709,900 is due within one year of June 30, 2013. As of July 1, 2013, we had failed to pay all interest owed on the notes, and we are in default thereunder. We do not face any legal action from any of the note holders at this time;"

"As of June 30, 2013, we had not made interest payments that are due on substantially all of the 7% two year notes." The are in arrears on essentially all of their loans.

"5,387,761 shares of Class B Common Stock were issued to New Vision Financial, Ltd. in exchange for 5,387,761 shares of Class A Common Stock"them? Why is New Vision converting their A shares to B? Maybe in anticipation of a reverse split of the A shares?

Good points? Nothing obvious. They need to finalize a financing and announce it soon.