GHML revoked:

https://www.sec.gov/litigation/admin/2016/34-78399.pdf

GHML SEC Suspension for Financials / Filings delinquencies:

https://www.sec.gov/litigation/suspensions/2016/34-77671.pdf

Order:

https://www.sec.gov/litigation/suspensions/2016/34-77671-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2016/34-77672.pdf

GHML (formerly ADNT) was and is a pump and dump. The stock will be suspended or discontinued all together in the near future.


This is all in my opinion.

GHML is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 8 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.

Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.

Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.

GHML is on the list of delinquent filers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509

What is this free writing prospectus? Are we able to sell our shares back at the indicated price?

There are 67 shares available at $15.00. Now don't everyone jump on those at once!

http://www.zerohedge.com/news/2013-07-07/citi-no-gold-company-will-generate-free-cash-flow-current-gold-prices

So if we can get this stock up to about $12 I'll be able to sell at my break even point. I miss the days of ADNT when this was a viable stock.

Meanwhile gold drops below it's average cash cost and all Brazilian junior mining companies had lost 90-95% of it's value...

As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1104...



http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost

The R/S screwed pretty much all the investors that have been here a while. We would have to climb up to around 10 a share for me to be profitable again

And how is the Reverse Split working out for you? Please explain in paragraph 2 about this higher exchange that you are talking about.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83420920

Brazilian Gold stocks rally, CSI:TSX +16%, GHML +18%

Gold enters the WWF

Commodities Slump as ‘Death Bell Rings’; U.S. Stocks Drop

By Lu Wang and Tony C. Dreibus - Apr 12, 2013

Metals and energy sank, leading a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in raw materials. U.S. benchmark stock indexes fell from records as retail sales and consumer confidenceslid.

The S&P/GSCI Index tumbled 1.7 percent to the lowest level since July. Gold futures plunged as much as 4.7 percent to $1,491.40 an ounce, trading below $1,500 for the first time since 2011, amid speculation Cyprus will sell reserves to raise cash. The S&P 500 Index slipped 0.5 percent while emerging market technology stocks fell the most this year after Infosys Ltd.’s sales forecast missed estimates. The 10-year Treasury note yield decreased six basis points to 1.73 percent, while the dollar strengthened against 12 of 16 major peers.

U.S. retail sales fell in March by the most in nine months, Commerce Department figures showed, and the Thomson Reuters/University of Michigan preliminary index (SXXP) of consumer sentiment sank to the lowest level since July. European stocks and the euro fell earlier as the currency bloc’s finance ministers prepared to meet. Citigroup analysts said there will be “many more losers than winners” for commodities this quarter and most industrial and precious metals will decline.

“It’s partly driven by a number of investors who have come to he conclusion that it’s not attractive to be in commodities, especially with what’s going on in the stock market,” said Jesper Dannesboe, senior commodity strategist at Societe Generale SA in London. “When people see gold going down, that might have reinforced selling in other commodities. We think it’s overdone in base metals, in oil, because the global economy is recovering. In gold, this is the beginning of the bear market.”

Commodity Watch

Sixteen of the 24 commodities tracked by the S&P GSCI Index retreated as the gauge extended its retreat since Feb. 14 to 8.5 percent.
West Texas Intermediate oil for May delivery fell 2.8 percent to $90.92 a barrel and Brent crude for May settlement slid 2.2 percent to $102.02 a barrel on the London-based ICE Futures Europe exchange. The International Energy Agency yesterday reduced its estimates for global oil demand.

European Central Bank President Mario Draghi said the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors today left a possible gold sale in the hands of the Cypriot central bank, which manages 13.9 metric tons of the metal, according to the World Gold Council.
Cyprus Gold

The head of Cyprus’s central bank said the government is attacking his institution’s independence and doesn’t have the right to sell the nation’s gold reserves without the central bank’s consent. The central bank is at loggerheads with the government of President Nicos Anastasiades as Cyprus finalizes a 17-billion-euro ($22 billion) bailout agreement that will shrink its banking sector and tax deposits of more than 100,000 euros.

“The independence of the central bank of Cyprus is being attacked at this time,” Panicos Demetriades, who is also a member of the European Central Bank’s Governing Council, said in an interview in Dublin today. “The government seems to have committed to a sale of state gold without consulting the central bank,” Demetriades said.

Gold ETF

Holdings in the SPDR Gold Trust, the top exchange-traded fund backed by bullion, reached 1,181.4 metric tons yesterday, the lowest in almost three years. Through yesterday, prices slumped 6.6 percent in 2013 as global economies improved.

Minutes of the Federal Reserve’s March meeting released April 10 showed several members were in favor of pulling back on its $85 billion monthly debt-buying program this year. The metal climbed for 12 straight years through 2012 partly as central banks expanded their balance sheets.

The Fed’s unprecedented bond purchases and three straight years of profit growth helped send the S&P 500 up almost 136 percent from its bear-market low in 2009. The benchmark index closed yesterday at a record 1,593.37. Short covering and new investments by money managers also helped keep U.S. stocks at record highs. A basket of S&P 500 stocks with the most bearish bets rose 4.4 percent this week before today, according to Goldman Sachs Group Inc. data.
Analysts forecast S&P 500 earnings fell last quarter for the first time since 2009, projecting a 1.4 percent decrease from the first quarter of 2012, according to data compiled by Bloomberg. Profit growth is projected to return later in the year, with full-year earnings forecast to increase 7.3 percent, the data show.

Economic Data

The 0.4 percent decrease in retail sales, the biggest since June, followed a 1 percent gain in February, according to the Commerce Department. The median forecast of 85 economists surveyed by Bloomberg called for an unchanged reading in March. Department stores and electronics dealers were among the weakest showings. The Reuters/Michigan consumer-confidence index fell to 72.3 in April, below all 69 estimates in a Bloomberg survey of economists.
“The first quarter really ended up on a weak note,” David Chalupnik, head of equities at Nuveen Asset Management in Minneapolis, said in a phone interview. His firm manages $120 billion. “We’re concerned that with the economy ending on a weak note, the commentary from companies as they report might be a bit negative compared with what people are expecting and that could put pressure on the market.”

Market Leaders

Gauges of commodity and energy producers in the S&P 500 lost at least 1.4 percent today for the biggest declines among 10 industries. DuPont Co., Alcoa Inc. and Cisco Systems Inc. led declines in the Dow Jones Industrial Average.

Banks slipped 1.6 percent as a group. Wells Fargo & Co. slid 1.5 percent after results showed revenue dropped and lending margins narrowed, overshadowing record first-quarter profit that was helped by cost cuts. JPMorgan Chase & Co. slipped 0.2 percent after reporting record profit that beat estimates on cost cuts and an improvement in consumer credit quality that let the bank reduce loan-loss reserves.

Harris Corp. slid 5.4 percent after forecasting revenue that missed analysts’ estimates. J.B. Hunt Transport Services Inc. lost 2.9 percent after posting first-quarter earnings that missed projections.

The Stoxx Europe 600 Index fell 0.9 percent as automakers, commodity producers and banks led declines. The gauge capped a 1.8 percent gain this week, its best in a month.

Cap Gemini, Atos and Software AG lost more than 2.5 percent today on Infosys’s sales forecast. Telecom Italia SpA advanced 3.8 percent after saying Hutchison Whampoa Ltd. would want control of the combined entity formed in a possible merger.

Yen Gains

The yen strengthened at least 0.2 percent against all of its 16 major peers, climbing the most against the South African rand and Australian and New Zealand dollars. It appreciated 0.7 percent to 99 per dollar after four-year low this week.

Bank of Japan chief Haruhiko Kuroda this week reiterated a pledge to do what’s needed to meet an inflation target of 2 percent in two years. The BOJ said last week it will buy 7.5 trillion yen ($75 billion) of bonds a month and double its monetary base in two years, driving the 10-year yields in Asia’s second-biggest economy to as little as 0.33 percent.

Japanese investors bought a net 645 billion yen ($6.5 billion) of foreign securities in the week ended March 23, according to Japan’s Ministry of Finance. That’s the highest level since the data began in 2005. Purchases reached 1.61 trillion in March, also a record, the data show.

Emerging Markets

The MSCI Emerging Markets Index (MXEF) fell for the first time in four days, losing 1 percent. Infosys, India’s second-largest software exporter, plunged 21 percent, the most in 10 years, and India’s Sensex index sank 1.6 percent, the most in a week. Brazil’s Bovespa sank 1.7 percent, extending its two-day slump to 3.1 percent.

The Shanghai Composite Index lost 0.6 percent before a report on China’s first-quarter economic growth on April 15. Russia’s Micex Index sank 1.1 percent.

South Korea’s Kospi index slid 1.3 percent and the won snapped a three-day rally. The U.S. Defense Intelligence Agency has reported that North Korea now has some nuclear weapons small enough to be delivered by its ballistic missiles. The DIA cautioned in a classified report last month that it has only “moderate confidence” in that finding, which also said the reliability of North Korea’s missiles “will be low.”

To contact the reporters on this story: Lu Wang in New York at lwang8@bloomberg.net; Tony C. Dreibus in Chicago attdreibus@bloomberg.net
To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

Quality Investing Junior Mining Stocks

Many juniors at this point are greatly undervalued, while others don't deserve the valuations they have. If you are looking for bargains at this point, it is important to sift through the myriad of companies and find the quality plays.

In real estate they say that SUCCESS all boils down to LOCATION, LOCATION, LOCATION. And if you ask anyone who has been an experienced and successful real estate investor, they will confirm that statement to be true.

To succeed in junior mining stock investing, it all boils down to MANAGEMENT, MANAGEMENT, MANAGEMENT.

As a newsletter writer on junior mining stocks, I am constantly trying to find early stage companies that have the formula for success. The most important and biggest part of that formula is by far MANAGEMENT. In fact the longer I am involved with the junior mining sector, the more I believe that MANAGEMENT is practically everything.

While there are other points that you must understand to be successful, the attributes and experience of a proven management team is what you should trust in most. This of course discounts the fact that a bright new upcoming management team could acquire success in this field. But the odds still highly favor those who have already been there.

The Odds Are Against You

The first thing you need to understand is that the odds are against you. The statistical reality is that very few of the 3000 or so junior mining companies vying for your investor dollars will ever succeed.

Junior exploration companies are high risk scenarios that are fraught with constant challenges. If you go out and randomly invest in companies based on marketing literature and sales hype, your foray into junior mining stock investing will be very short-lived.

The facts are that only 6% of all working geologists will ever be credited with a discovery that goes onto becoming an economic producing mine. That means that 94% of all geologists will work their entire careers and never find such a mine. True mine finders seem to have a sixth sense that allows them to unlock the geological puzzles of certain properties.

Investors need to do their due diligence by scrutinizing the people behind the company. What you are looking for is an experienced management team that has had success in the past exploring for the mineral(s) they are hoping to find.

How much background does this group have in doing this? Are they really qualified? If they have little or no experience then you should probably say, NEXT! You may have to evaluate quite a few companies before you get to one that is worthy of your investment dollars. I typically evaluate up to 20 or 30 companies a month, searching for just the right combination of circumstances that I feel could lead to success, before recommending a company in my
newsletter.

The typical junior mining company puts together a team of players and a package of hopeful properties. If they tell their story well they can probably go out and raise a few rounds of financing convincing some investors that the chances of success are real. They basically have no assets to speak of, but control some highly speculative land packages they tell you contain some great "anomalies" they would like to drill.

And don't be surprised that so many want in on a game that can be so profitable, especially when the market is hot. A market that is having money thrown at it attracts many companies that have no intention of ever finding an economic mine, but who are simply trying to get a short-term profit before investors figure out the scam.

The bottom line statistical reality is that very few will succeed. You need to have this understanding clearly in you mind before you set out to invest your hard earned money.

Another important fundamental to watch closely as you are evaluating companies is their share structure, and your entry price. You would like to be able to invest in a company in the earliest stages when you can get your shares at a low price, before the crowd comes in. In general terms, I like to invest when I see that the number of shares outstanding is very low, fewer than 30 million and the share price is under $1.00. Private placements, if you are in a position to do so, can be an excellent way to participate in early stage companies because you are buying the shares at a discount to market and you get a warrant. This greatly increases your upside leverage if the stock does well, and protects your downside risk since you bought at the right level. Once the public finds out about a particular good company the share price can rise quickly leaving later investors with large downside risk as markets tend to have corrections. Later investors, who overpaid for a stock, often have to endure painful correction periods before the story of the company completely unfolds, and they are in a position to profit. Buying into a good company in the earliest stages is fundamental to your success. If you miss a certain company you wanted to invest in, have no worry, another opportunity will come along shortly. I always like to make the analogy that investing in junior mining stocks is like waiting at a bus station. The buses come and go all the time. You need to be choosey as to which buses you are willing to get on.

Some buses are simply better than others. You want the best quality bus you can find. I often like to ride a bus that already has some economic resource that is outlined. In other words, most junior exploration companies are starting from scratch hoping to find something. A good quality junior company may already have an existing resource of some sort that they are trying to expand. This kind of situation represents better quality and less risk than someone who has no resource and is just drilling holes to make a discovery. Your odds greatly increase in your favor if you invest in companies that already have an existing economic resource.

Another sign of a quality company is their ability to raise money. This again reflects back to our earlier statement emphasizing MANAGEMENT. Do they have a team in place that has the connections to raise the money? How, when, and the frequency they raise money is extremely important as well.

Junior exploration firms have a lifeline as long as they can raise money. Hopefully, they meet with some early success so that they can raise additional monies to continue on their quest for a discovery. A company that is not doing what it said it was going to do will quickly lose investor interest and have great difficulty raising additional monies to move their agenda forward. This brings up an additional point that also represents a quality play. Can the company get bigger players with deeper pockets to invest in their properties? This model is known as the joint-venture model and can be a very successful strategy greatly increasing you odds of success. If the company truly has a good property (anomaly) then one of the majors would be interested in putting some of their own money up to drill the project off. If a major is willing to invest, then maybe you should too. This is usually a good sign that you have a quality property.

A junior mining company that is self-financing, while rare, often represents exceptional opportunity and value since they no longer need to go back to the finance trough to raise additional funds. This stops the constant shareholder dilution that takes place with most juniors as they need to keep raising more and more money. There are good junior exploration firms out there that have cash flow to fund their activities. Right now in my newsletter I have two such recommendations that I believe are incredible values. This type of arrangement in a junior would be highly favorable to the other types of financing mentioned above, and would also increase your likelihood of success.

Lastly, you want to look for a company that knows how to market itself. A company that is having success can fail to get the proper appreciation of share price if they don't let the marketplace know what they have. With all the difficulty in finding a successful economic resource, you don't want to fail because the company does not know how to market itself.

As you can see most of the items I have mentioned above all point back to the quality of the management team, thus my emphasis upfront on MANAGEMENT! It takes a very talented group of experienced people to make a discovery and bring it to fruition for shareholder appreciation. This ability to put everything together in a cost efficient model is only seen in a handful of junior mining professionals.

Hopefully as you look to invest your money in the junior mining sector you will remember keep these points in mind.
As always, use Wealth Daily as your reference for the most up-to-date information on the commodity market.

Junior Gold Investment Strategies
http://www.stockhouse.com/blogs/viewdetailedpost.aspx?p=159005

Gold stocks are the market's single-best value today

http://www.stockhouse.com/columnists/2013/march/27/gold-stocks-are-the-market-s-single-best-value-tod

Looks like the trend is up. I still can't buy Arg! . My broker is the pits. Have a good weekend all.

Brazilian miners rally - Colossus(CSI), Rio Novo(RN), Gold Hills(GHML)
http://www.marketwatch.com/story/tsx-csi-291-is-the-top-gainer-in-this-weeks-ubika-research-gold-50-report-2013-03-18?siteid=bigcharts&dist=bigcharts

Research itself:
http://www.smallcappower.com/gold50

GHML up 16% , RN-TSX up 5.71%

I was going to buy $um but my broker won't let me trade this stock yet.

OK now it's time for Gold Hills to show us some drilling results.

Well to all the investors who thought a R/S was a good thing, what do you think NOW? When will this stock be back in the pennies??

what happened to this stock? It went from a pristine golden goose egg to a lumpy stale turd

ADNTD changed to GHML:

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/19/2013&mkt_ctg=NON-OTCBB

Investment in mining exploration to plummet, juniors the most affected: report

After three years of booming investment in mining exploration, the industry is set to cut down significantly on that item this year as depressed metal prices and major financial struggles continue to shake the sector globally.

http://www.mining.com/investment-in-mining-exploration-to-plummet-juniors-the-most-affected-report-22664/

The above two lines can be presented as one line by dividing the price of gold by the federal debt to show how much higher gold rose in the inflationary 1980s. Presented this way, as the next chart shows, gold has a long way to go to meet the level of that prior bubble's peak.



The safe haven is gold.

http://www.caseyresearch.com/cdd/seriously-casey-research-whats-happening-gold-market

Gold Versus Gold Miners: Has The Time Come To Flip The Switch?

http://www.zerohedge.com/news/2013-02-21/gold-versus-gold-miners-has-time-come-flip-switch

Perfect reverse split timing.

So now instead of dropping to sub-penny, they will probably only drop back into penny land as the price of gold takes a dive.
Either really smart or really lucky timimg on their part

Sorry to have to say goodbye. But I have found a new favorite miner to have a love hate relationship with. I will miss you
lol

Death cross in gold

Love the mine, love the story, would love to buy.
But have already been burnt pretty bad.
We'll see

Ardent Mines Ltd. changed to Gold Hills Mining Ltd., and a one for 100 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=02/19/2013&mkt_ctg=NON-OTCBB

Ya the fact that they are moving forward men's they are finding enough gold to proceed. That is A plus for us down the road. Assays are in the lab. Results may bounce this back up. Have A good weekend.

At least investors saving Ardent from certain death as company is in debt for $3,5M

Good news is that 10-Q report said Gold Hills Mining Ltd will raise $4,000,000 for Misty / Gold Hills opex plan.

On January 29, 2013, the Company borrowed an additional $100,000 from Tumlins Trade Inc. The loan is unsecured, and bears interest at 7.5% per annum. This loan is payable on demand after the first anniversary, upon thirty (30) days notice. Tumlins Trade Inc. In lieu of repayment of such loan in cash, Tumlins Trade Inc., at its sole option and discretion may convert such note and request the Company to repay any or all of the principal and interest in the form of restricted common stock of the Company at a price per share equal to Ten Cents (US $0.10) (the “Conversion Price”). Such Conversion Price shall be effective after the completion of the Reverse Stock Split .

So let me understand this better. Does Tumlins get (if they choose) A real steal of A deal. Restricted stock = to.001 pre conversion price ? Is that right?

Gold Bears Braced for U.S. to China Growth Recovery: Commodities
By Nicholas Larkin - Feb 15, 2013
Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal.
Twenty analysts surveyed by Bloomberg this week expect prices to fall next week, while 11 were bullish and three were neutral, making the proportion of bears the highest since Dec. 30, 2011. Hedge funds cut bets on higher prices by 56 percent since October and are approaching their least bullish stance on gold since August, government data show. The metal fell to a five-month low today, and billionaire investorsGeorge Soros and Louis Moore Bacon reported yesterday that they had reduced stakes in exchange-traded products backed by gold.
First-time jobless claims in the U.S. decreased more than estimated last week, while a Chinese government-backed survey showed manufacturing expanded in January. Growth will accelerate in the world’s two largest economies in coming quarters, according to more than 100 economists surveyed by Bloomberg. Investors cut record bullion holdings in exchange-traded products this year and added to funds backed by other precious metals that are used more in industry.
“The global economic recovery is on track,” said Andrey Kryuchenkov, a commodity strategist in London at VTB Capital, a unit of Russia’s second-largest lender. “The persistently decent macro data is denying gold its usual safe-haven properties. You can get better returns elsewhere.”
Gold prices that rallied the past 12 years will probably peak in 2013, or already have, according to Goldman Sachs Group Inc. and Credit Suisse Group AG.
Gold Price
The metal fell 4.4 percent to $1,602.90 an ounce in New York this year, and reached $1,596.70 today, the lowest since Aug. 15. Gold climbed 7.1 percent last year in the longest annual rally in at least nine decades. The Standard & Poor’s GSCI gauge of 24 commodities is up 4.2 percent this year and the MSCI All-Country World Index of equities gained 4.7 percent. Treasuries lost 0.9 percent, a Bank of America Corp. index shows.
Gold’s drop compares with a 1.2 percent loss for silver this year. Platinum and palladium rose at least 6.8 percent on concern mine supply will fall as demand increases. An ounce of platinum bought as much as 1.054 ounces of gold yesterday, the most in 17 months, data compiled by Bloomberg show. Industrial usage accounts for about 10 percent of bullion consumption, compared with more than half for the other three metals.
Reduced Holdings
Gold ETP assets reached a record 2,632.5 metric tons on Dec. 20 as policy makers from the Federal Reserve to the Bank of Japan pledged more action to stimulate growth. Holdings are down 0.9 percent this year, while silver products rose 3 percent, platinum 9.9 percent and palladium 13 percent, data compiled by Bloomberg show.
Soros Fund Management reduced its investment in the SPDR Gold Trust, the biggest fund backed by the metal, by 55 percent to 600,000 shares as of Dec. 31 from three months earlier, a U.S. Securities and Exchange Commission filing showed yesterday. Bacon’s Moore Capital Management LP sold its entire stake in the SPDR fund and lowered holdings in the Sprott Physical Gold Trust. Paulson & Co., the largest investor in SPDR, kept its stake at 21.8 million shares, a filing showed.
2011 Peak
Bullion is unlikely to return to its September 2011 high of $1,921.15 because of accelerating U.S. growth and contained inflation, Credit Suisse said in a Feb. 1 report. Goldman forecast in a Jan. 18 report that gold will climb to $1,825 in three months and peak this year.
U.S. economic growth will accelerate every quarter this year to a median 2.7 percent in the final three months, according to 87 estimates compiled by Bloomberg. China’s expansion will pick up to a median 8.3 percent in the third quarter from 8.1 percent in the first, according to 34 estimates compiled by Bloomberg.
Even as the recession in Europe deepened more than economists forecast last quarter and Japan’s economy shrank, the International Monetary Fund predicts global growth will climb to 3.5 percent this year from 3.2 percent in 2012.
“There’s a lack of imminent financial disasters at the moment,” said John Meyer, an analyst at SP Angel Corporate Finance LLP, a broker and adviser in London. “Investors are going for a more risk-on approach and that tends to lead them away from gold.”
Inflation
Gold generally earns returns only through price gains and some investors buy it as a hedge against inflation and currency declines. While consumer-price gains are below the Fed’s 2 percent target, inflation expectations measured by the break- even rate for five-year Treasury Inflation Protected Securities rose 13 percent this year and reached a four-month high Feb. 6.
Finance ministers from the Group of 20 gather this weekend in Moscow amid concern of a fresh “currency war” as countries weaken their exchange rates to make exports more competitive.
“The monetary backdrop is still extremely positive for gold, so we would be accumulating here,” said Adrian Day, the president of Adrian Day Asset Management in Annapolis, Maryland.
Buying also may pick up as China’s markets open after this week’s New Year holiday. China accounted for about 25 percent of consumer gold demand last year and narrowed the gap between top buyer India to the smallest ever, the London-based World Gold Council said yesterday. The group said consumption from both countries may rise at least 11 percent in 2013.
Central Banks
Central banks from Brazil to Russia are buying more gold to diversify from currency holdings. They added 534.6 tons to reserves last year, 17 percent more than in 2011 and the most since 1964, the council said yesterday. Those purchases helped stem the first annual drop in total demand in three years, as investment slid 9.8 percent and jewelry demand fell 3.2 percent.
Money managers held a net-long position of 86,926 futures and options in the week to Feb. 5, U.S. Commodity Futures Trading Commission data show. That was 5.9 percent more than the previous week, when wagers on gains were the lowest since Aug. 14.
Gold’s 9.7 percent slump since Oct. 4 took prices below the 200-day moving average, indicating to some who study technical charts that more declines may follow. Prices are down 2.8 percent in February, and a fifth straight monthly drop would be the worst run since 1997. Gold fell in March in six of the last nine years, according to data compiled by Bloomberg.
Copper, Sugar
In other commodities, 10 of 17 traders and analysts surveyed expect copper to rise next week, five were bearish and two were neutral. The metal for delivery in three months, the London Metal Exchange’s benchmark contract, rose 4.1 percent to $8,254 a ton this year.
Eight of 16 people surveyed expect raw sugar to gain next week and seven predict a drop. The commodity slid 8.2 percent to 17.91 cents a pound on ICE Futures U.S. in New York this year.
Sixteen of 26 of those surveyed anticipate a rise in corn prices next week and seven said the grain will drop, while 17 said soybeans will advance and six expect lower prices. Sixteen of 26 traders predicted higher wheat and six were bearish. Corn added 0.4 percent to $7.0075 a bushel this year in Chicago as soybeans rose 0.5 percent to $14.17 a bushel. Wheat is down 3.7 percent at $7.4925 a bushel.
The S&P GSCI gauge of raw materials climbed to the highest since September two days ago and is up 0.2 percent this week. Speculators increased bullish bets across 18 U.S. commodities for a fourth week in the period to Feb. 5, CFTC data show.
While improving growth may curb demand for gold as a protection of wealth, other commodities used in industry and food products may benefit. Usage will outpace supply this year in tin, platinum and palladium, while corn, wheat and cocoa will have shortages in the 2012-13 season, according to estimates from Barclays Plc and Rabobank International.
“The economic activity in China and U.S. are telling us that commodities are poised to rise,” said Robert Keck, president of Princeton-based 6800 Capital LLC, which manages about $650 million. “While Europe maybe slow, overall the global economy is growing.”

On January 29, 2013, the Company borrowed an additional $100,000 from Tumlins Trade Inc. The loan is unsecured, and bears interest at 7.5% per annum. This loan is payable on demand after the first anniversary, upon thirty (30) days notice. Tumlins Trade Inc. In lieu of repayment of such loan in cash, Tumlins Trade Inc., at its sole option and discretion may convert such note and request the Company to repay any or all of the principal and interest in the form of restricted common stock of the Company at a price per share equal to Ten Cents (US $0.10) (the “Conversion Price”). Such Conversion Price shall be effective after the completion of the Reverse Stock Split .

So let me understand this better. Does Tumlins get (if they choose) A real steal of A deal. Restricted stock = to.001 pre conversion price ? Is that right?

You should read the numbers correctly as Total Liabilities is $3,337,338 as of Dec 31 2012 and company is Going Concern. Ardent Mines has incurred net losses since inception and has a working capital deficit at December 31, 2012. The ability of Ardent Mines to emerge from the exploration stage with respect to any planned principal business activity is dependent upon its successful efforts to raise additional equity financing and/or attain profitable mining operations. Management has plans to seek additional capital through a private placement of its common stock.

13 million in debt...r/s coming this month. Im curious how many people will buy this stock when its $3+ a share. This was my first mining stock, but its looking pretty grim. GLTA

Ardent is looking to raise $4.000.000

Here's a sample of how junior gold stocks performed in the same period, along with the month each peaked.



Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=RN&t=list&m=32118774&l=0&pd=1&r=0#jDSEpgfra5iAfxiZ.99

We all wish now to sell at $90c and buy back at $0.02c as with very little float Ardent can move fast up or down.

True, either way it's really sad what has happened to our beloved Ardent Mines :(

RN - TSX company has 0.10c in cash and crashed 90% in the last year alone with proven reserves over 1,2M ounces...

I am waiting to see next 10-Q and expect to trade under new name month end.

From reading last reports and press releases they planned to drill 3000 meters in 2012-1013. Maybe it takes longer then expected to get results but I think drilling took place.

Who really knows if any drilling took place? The drilling that we saw could have been on someone elses property!!!

How long will we wait tell this reverse split? Anyone get A letter in the mail yet?

Poop, I never thought I would've seen that day when our beloved ADNT slumped to the levels it's at now. I think by now we can accept that fact that whatever exploratory drilling was undertaken back in September it didn't turn out good results...