Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hello all
New to SVBL...from what I can tell there are no producing mines yet? There is a LOT of promising exploring going on....however has the MGT team indicated when they may start producing?
Thanks and if this question has already been answered in previous post I apologize.
What's with all the buying? It's outpacing the sells?
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.
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.
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."
Today is kind of like watching paint dry.
In a sick way I'm hoping this will go to a penny. Then out of spite (and a little WTF attitude) I'll by a huge pile of this Sh**!
Found this - Definitely a pump. Not sure when it was posted.
http://www.thecheapinvestor.com/newestpick/
I emailed them a couple weeks ago...same thing.
All
I believe the deal with Monarch was for 90 days initially and cont'd automatically for another 90 days unless written notification of cancellation. The deal was signed in November right? It would seem that sometime soon Monarch will start doing something????
Interesting Old Interview with Leonardo Riera (ex CEO):
Chief Executive Officer of Ardent Mines Ltd., Leonardo Riera, speaks with Tobin Smith about industry competition, the geophysical indicators of the company's lucrative Brazilian properties, and its world-class management.
Watch Video Here
I should have pulled the trigger yesterday (like Underdog) but I really thought this was going to .03 - .035. I ended up pulling the trigger today at .045 and was able to average down my PPS considerably.
Hopefully we are seeing the bottom here at the .035 - .04 range.
We shall see!
GLTYA
Someone please buy on the ASK so we can end on a positive note :)
If so do you think insiders are expecting this to go to the moon and they want to be able to sell their stock when it does or the reverse....sell before its worthless?
My point is those who bought at .07 may sell quickly if it goes to .14, .20, etc before end of year. Depress prices until Jan 1.
Good points. Guys another point that I think can't be ignored is the capital gains tax increase beginning Jan 1. If sellers have any profits to take on this stock the cap gains increase may be influencing SOME to want to take the gain before Jan 1. Depressing the price may prevent that from happening (as much).
Just a thought
Good volume but trending lower. This may see .03
I understand your concern and it's hard to think otherwise in the face of shares dropping like a rock. However this company IMO is not like other pennys. So far they have been fully reporting and their leadership is out in the open (not in the shadows).
Luciano Borges has a pedigree that can't be ignored. His leadership is NO guarantee of success but he has a good reputation.
http://www.forbes.com/profile/luciano-borges/
The choice to make is leave and run like hell OR take the opportunity to AVERAGE DOWN your shares...BIG TIME and wait for this to double. I may be wrong but I'm betting that this will bounce after falling from such great heights in such a short peiod of time. It has in the past and IMO it will happen again. Unless I hear otherwise with negative news ADNT is worth a small $$ bet at this point.
Actually Underdog I think you posted this last Feb 11.
ITEM 3: LEGAL PROCEEDINGS
During the period covered by this Report, the Company filed a Complaint with the Supreme Court of the State of New York. The action was removed to the United States District Court for the Southern District of New York on May 17, 2011. The defendants include Tydus Richards; Lotus Fund, Inc.; Dave Hibbard, as trustee of the Irrevocable Trust For the Benefit of Sloane Ricky Richards dated January 14, 2008; Christopher Wilson, individually and as trustee of the Irrevocable Trust For the Benefit of Chloe Belle Richards dated January 14, 2008; Scott Richards, as trustee of the Irrevocable Trust For the Benefit of Major Tydus Richards, dated January 14, 2008; Blackwater Industries LLC; Shelly Sean Singhal; and Pacific Stock Transfer Company.
12
Tydus Richards has demanded the replacement of certain certificates of shares which he contends are his and which were lost or misplaced. The Company contends that Mr. Richards is not entitled to the certificates since he did not perform under a purported consulting agreement with the Company. The Company is seeking an injunction against Mr. Richards with respect to his request to obtain replacement certificates.
More: http://www.faqs.org/sec-filings/110831/ARDENT-MINES-LTD_10-K/#b
No. I didn't think there were this many shares left to sell. At this point I'm just rolling the dice. Once my funds clear I'm loading up the truck (especially if it hits a penny or two). It should be pretty easy to double that bet.
Better odds than playing the lotto...LOL!
The other thing to consider is their deal with Monarch. At some point this will be pumped...New year maybe?
10000 share sale. Apparently someone does not like the news. I admit I'm disappointed. Instead of results we get news that exploration will continue into 2013. That's a big delay. Right now I'm just staying in because of the extremely small float. Hopefully with the Monarch deal they will push up the price in the meantime to make some short term gains. A year from now this may produce significant gains but as of now I'm just going to play the short term volatility.
Thoughts?
I grabbed some more today myself
Good point. Hope you are right
I understand however that was on the news that the CEO was leaving. This drop is for a different reason but nobody can put their finger on it. If news was released that the results were bad i would understand. There has been no news...then again maybe it's simply the fact there there is no news. Maybe investors are just impatient and with so few shareholders (and very few shares to trade) this drops like a rock.
Tax Loss Season?
Thoughts? Would you guys sell this to get the write-off? This could explain the push down. If so this could be an extremely GREAT time to buy.
Link to Prospectus on 11/1/12
Interesting nugget of info.
(b) Holders.
At October 11, 2012, the Company had 16,623,391 shares issued and outstanding (the number of shares issued and outstanding includes 350,000 shares of the Company’s common stock which the Company has undertaken to issue, but which the Company’s transfer agent has not yet issued). At October 11, 2012 there were 27 stockholders of record of the Company’s common stock. As of October 11, 2012, Cede & Company, held of record 5,725,264 shares of Company common stock as the custodian for stockholders whose shares are held in brokerage accounts.
Let's see how it goes. So far the pattern is for every BUY someone smacks down the price with a larger sale. I think someone or someone(s) wants this to stay cheap.
When was the note due?
I think someone or someone(s) wants this bid down. Just when it was up 3 cents it gets smacked down with a HUGE sale.
Admittedly this is painful but I have seen this go from .10 to .99 in a short time frame before. If they are sitting on good news it will do it again and then some.
The volume (large blocks) of selling has me concerned however. What do you guys think?
Excellent news. Our mine may finally get the exposure it deserves.
This is strange indeed. I think Bull has a point about insiders providing liquidity but the amount of selling is more than I have seen since I started watching this stock about a year ago. I still have faith in ADNT. They have been very quite as of late. I will load up some more shares at these cheap prices and consider it a gift.
Actually that was Underdog who did that. I may not like the price but I do like the thin margin between the bid/ask. It's annoyed me that previously (until today it seems) the spread was so wide that it would sometimes make 8 to 10 cent swings! I love the volume!
There have been a lot of buyers in the 30s, then 20s and into the teens in the past two weeks. I can't imagine a reason why those who bought in the 20s and 30s would be selling now. The selling today is unexplainable on the verge of ADNT releasing its results. Either it is insiders who know the results of the core samples aren't that good or it's MMs walking it down further to pick up cheapies before the next 400% rise up.
I'm keeping the faith because I have witnessed this go from 10 cents to one dollar a very short period of time. If the results from the core samples are decent this will fly back up very quickly IMO of course.
So your have a choice. Panic and sell your shares at a loss OR back up the truck and dollar cost average down. IMO a modest investment at these levels can potentially pay off BIG TIME!
I picked up some more myself. This thing bounces like a super ball!
I don't have L2 but iHub is showing that 10000 @ $.28 trade as a buy?
New video! Dated Oct 7
ADNT Ardent Mines Ltd - Drilling campaign at Gold Hills
If we do I'm buying! LOL!