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Crusader Resources Ltd. well funded Australian company with active mines in Brazil just hit 52 weeks low. RN-TSX crashed. Amerix at lows. Looks like romance with Brazil stocks is over and investors dumping for what they can get for it - pennies
I agree, with a pending R/S I highly doubt any serious jump in share price now before it. Hopefully ardent puts on some news showing progress in the future rather than management techniques to keep the company afloat.
looks like the selling is done, at these levels anyways.
So now what? ( Im new to A reverse stock split)A letter to stock holders is suposed to be mailed. Do us small stock holders get A letter too?
This Information Statement is being mailed on or about January __, 2013 to all Stockholders of record as of the Record Date.
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on another note
Do you think this is the real reason for the reverse stock split?
It was put in all capital letters for us to notice it.
Potential Anti-Takeover Effects of the Reverse Stock Split
THE OVERALL EFFECT OF THE REVERSE STOCK SPLIT MAY BE TO RENDER MORE DIFFICULT THE ACCOMPLISHMENT OF MERGERS OR THE ASSUMPTION OF CONTROL BY A PRINCIPAL STOCKHOLDER, AND THUS MAKE DIFFICULT THE REMOVAL OF MANAGEMENT
Tumlins trade got 20,600 shares to pay off there debt.
Hey Kev,
So I take it this one isn't doing to well right now? I was going to jump in here but will have to watch, might be a good bounce play though.
The bid didn't go down today, even though all the sells. I think this shows me that buyers were buying at the bid. Hmmm.
poop is 0.000 and we have penny. Too bad this isn't $1 like 6 month ago
Just wait, this will be sub-penny before the r/s takes place. They should make the new ticker POOP.
Yeah now I understand why they call those penny stocks it gone to penny
It's a "Win some Loose some" game and today we are down 55% so no reason to make everyone cry crocodile tears...
Everyone, the company included, is trying to get ride of this junk before it tanks further after the r/s. It's been a pleasure *cut to violin solo as titanic sinks*
Stock down 42% looks like we have 40% more sellers then buyers...
What's with all the buying? It's outpacing the sells?
One thing we've probably all noticed investing, once a board turns to bickering that's the beginning of the end.
Well looks like I might of had A wrong opinion, it happens. But personal attacks are not cool! Now go do your crying to someone else please.
Wow I can't believe I didn't sell when this was in the .80 region. Now with the share price higher we won't see those wild swings that we became accustomed to in Ardent finer days. It's been a pleasure ladies and gents.
R/S is not the news we expected but much better then b/k news. Ardent has 3M in debt and it looks like management is trying to restructure the debt. Last news was $500,000 gone into equity and it also getting rolled back. All in the same boat.
Mierto Strange that with 37 million S/O they would do a 100/1 They just dump any more stock at this level because at .025 they would lose money. So they do a split new blood comes in they wait and just whack it down all they want is there money back, they are in control. And of course do a name change to get rid of the stigma of a R/S. This stock after a few months will be back in the pennies with millions of new shares added. This is turning out to be another scumbag pennie stock company. I am waiting for UNDERDOG to show us some penny stock winners that did a R/S
Well at least they fully explained this r/s, as ive seen some done with other companies that had little to no description as to how/why/when and sometimes didnt even follow through. 100 to 1 is substantial tho for our o/s, as companies with billions ususlly go for that. Meh, whatever maybe a tax write off for next year
A Reverse split is the worst thing that could have happened. Stock will be about $3.50 the new stock we need it to go to $99.00 just to go back where we were in Aug It wont ever happen This stock after the R/S will be back in the pennies before you know it. We have a board here for stocks that R/S and they all tanked. Please show us 2 or 3 that have done well.Proof of the pudding dont ever average down and this is the best proof. We all have been FU--eD by conmen.
In the very near future this will be back to over 25 million shares. This is your perfect scam, just like all the other penny mining stocks.
Alright!!! I see this news as good news. Firstly the name changing to Gold Hills Mining Co means to me that the property is worth mining! If it wasnt they wouldnt think of using that for the new name.
And secondly Im happy about the reverse stock split. Now this wont be A penny stock and it can move to A better exchange! This should bring attention and seriouse investors( the ones that dont trade in pennys.
Im thinking the stock will be ceased from trading while the changes in shares are made. I wonder if the stock symbol will be changed Maybe to GHIL or GHMC ? Anyways its looking like our little mining co is growing up
Heres the news http://ih.advfn.com/p.php?pid=nmona&article=55837255
Wow can you say pump and dump? A 1/100 reverse split and.change of name. Very unfortunate as this stock had very high hope this time last year. A sneaky tripling of the o/s and sell off, and then the r/s to help pay off all the debt. Also not a single word about how the sample drilling went. Nice way to start the new year ardent :/
I'm hoping spring will bring news of a drilling campaign at Misty Hills. That should breath some life back into ADNT.
Well if this thing drops below a penny it's officially a turd stock. :/
All good points, ardent just needs to fill us in on anything at this point. I feel like all we've gotten is dilution over the last couple months.
Although maybe that is how it is with these start up mining corps as this is my first one.
That's my view as well. It's a speculation but selling at these prices may be a mistake. Any hint of mining activity may send this easily to .15 or .20.
There selling there share for nothing! I will wait and hold for later.
IR won't answer any of my emails...for the past 2 months. No bueno
There is 2.5M shares in the system to sell from Tydus Retards group as we saw in Ardent vs Retards dispute!
I have been trying to contact them to no avail. I hope they begin to communicate again. Their silence does not give me any confidence that they are any different from many of the other shell mining companies. Until they begin communicating again I will be uncomfortable with ADNT.
This is too bad, we were doing so good for a while. Not expecting much out od this now after so much quiet period and dilution
ADNT doesn't have production and with $3,000,000 in debt this is speculative risk stock with wild swings...
Most mining companies have 100's of millions of shares in the float and I hope ADNT finds gold mine before they dilute to that.
Looks like the only drilling done, is into our bank and savings accounts!!
Looks like 11 million added to the float that is almost a triple in this market really sad.
Market Perform def from Investopedia:
"Market perform is a neutral assessment of a stock and is neither strongly positive or negative. If, however, the stock has gone through a period of market under-performance, it is an indication that the stock is expected to improve its performance relative to market averages."
The companys short investor summary has been updated with the new share numbers as of 1/03/13. Im unsure if anything else has been updated.
http://ardentmines.com/uploads/Ardent_Mines_Short_Summary_03_01_2013.pdf
also this
Analyst Wayne Atwell, CFA rated:
Market Perform / Speculative Risk
Glad it's green paint though.
Today is kind of like watching paint dry.
It's been since August when any type of real substantial news has come from Ardent. Hopefully they've got some of those test results due up this month that were said to be finished in September...
ADNTs on the move. Happy New Year!
Ardent Mines has been to quiet for a while now! I hope they release some type of information in January about any 2013 plans they have in store for us!
That would be good!
OK ADNT how about some more news. How about telling us what is going on.
You are correct what was l thinking Yes the S/O is now 37 million
I agree. It sets a floor on stock price. Kind of.
On another thought about this. This may be good because now there is more interested in seeing this go up. Hopefully they are interested in seeing A new mining co come together too.
What do you mean 37 million? I thought around 27 million. Why not use the money from their gold mine? Why water us down to shi-? Again just wondering how did this stock go from .99 to .025 Where did those about 3 million shares show up?
Ardent Mines have close to $3M in debt. On one hand lowering corporate debt load by $520K is good news on the other hand issued shares jumped to 37M. My guess is that company is trying to clean up balance sheet in order to raise more funds for operations.
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See links that point to specific news releases or research reports where you can find proof.
Ticker: ADNTD
Main contact: Luciano Borges, President
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