AAU - Antilles Gold

[Cam019]

 

[barney]

They are suing the Dominican Government for damages and now the SP spikes on no news …. looks like a scary leaky boat

 

[Sdajii]

Pretty volatile price range this year. They had an interesting story to the business but have been plagued with various issues along the way, and then investors seemed displeased with the way things were being reported and how the business activities were being represented.

Anyone know what caused the 'leaky boat' spike barney was talking about?

I'm not taking a position at this stage, but just took a quick look at the company after watching it for a couple of years then forgetting about it until this week, after a long break.

 

[Ann]

I am glad you brought this to my attention Sdajji, I would never have found it otherwise. In fact I was just ignoring it as another crap, non-tradable stock, not worth a mention that some of you boys use to 'win' the Contest.

Much to amuse here. For a start Pantera is one of my favourite bands to conjure up that just right demonic feel in my guts, provided it is loud enough. Great Southern Trendkill favourite album. Just played it, feeling gooood now!
Second, this has a really good anagram of its ASX code. PIG....!

Now to the really fun bit, I found that the thieving bastards did a 1 for 10 consolidation back on Monday 16th February 2015. Appears MacBank were pushing them.

I thought I would just do a quick calculation of taking the price the Friday before Consolidation of 0.15c rounding back to just the price without extentions of fractions. Took my normal $10,000 and divided the $10,000 (yes I know the mathematicians are ahead of me, I am no mathematician) by 0.15 to see how many shares I would get, I got 66'666.6666666 shares. Yes that is 666 four times!
So three years ago I had a hypothetical $10,000 (brokerage on top).
So by Tuesday 17th February 2015 my holding was only 10% of what it had been the previous day. Now calculating on yesterdays closing price of .024c I make it that I have a hypothetical grand total of $159.99. Please check my figures I am abysmal at maths.

There is something going to happen to this stock regarding options on the 31st December. I don't know if it is good or bad, but check the ASX notices to see if it affects you in any way if you hold. Now for my new favourite words.....

WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital. Stock to avoid.

 

[Sdajii]

I am glad you brought this to my attention Sdajji, I would never have found it otherwise. In fact I was just ignoring it as another crap, non-tradable stock, not worth a mention that some of you boys use to 'win' the Contest.

Much to amuse here. For a start Pantera is one of my favourite bands to conjure up that just right demonic feel in my guts, provided it is loud enough. Great Southern Trendkill favourite album. Just played it, feeling gooood now!
Second, this has a really good anagram of its ASX code. PIG....!

Now to the really fun bit, I found that the thieving bastards did a 1 for 10 consolidation back on Monday 16th February 2015. Appears MacBank were pushing them.

I thought I would just do a quick calculation of taking the price the Friday before Consolidation of 0.15c rounding back to just the price without extentions of fractions. Took my normal $10,000 and divided the $10,000 (yes I know the mathematicians are ahead of me, I am no mathematician) by 0.15 to see how many shares I would get, I got 66'666.6666666 shares. Yes that is 666 four times!
So three years ago I had a hypothetical $10,000 (brokerage on top).
So by Tuesday 17th February 2015 my holding was only 10% of what it had been the previous day. Now calculating on yesterdays closing price of .024c I make it that I have a hypothetical grand total of $159.99. Please check my figures I am abysmal at maths.

There is something going to happen to this stock regarding options on the 31st December. I don't know if it is good or bad, but check the ASX notices to see if it affects you in any way if you hold. Now for my new favourite words.....

WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital. Stock to avoid.

You seem to have some hangups. Relax and enjoy Christmas

 

[Ann]

You seem to have some hangups. Relax and enjoy Christmas

It is not the hangups that give me concern Sdajii, it is the holdups, you know, everybody out of the stagecoach, drop your weapons and give us all your money and nobody say a word.

 

[basilio]

Consolidations happen all the time Ann. Tiny little "big shot" explorers keep sprouting news and creating shares until there are billions of shares on offer with a market cap of (say) $5m. So to "tidy things up" they arbitrarily turn 100 old shares into 10 or 5 or 1 new share - mainly so they can start the whole process again.

From my experience in the explorer section of the market it is a great way to turn a good bank balance into fairy dust. It seems the only way to make a buck is to trade it for sharp rises and subsequent falls.
Sad but true.

 

[Sdajii]

It is not the hangups that give me concern Sdajii, it is the holdups, you know, everybody out of the stagecoach, drop your weapons and give us all your money and nobody say a word.

Yeah, good point. I'm sorry you get guns pointed at your head and your money stolen so often. It must make you scared every time you take a ride in the stagecoach. What weapons do you usually carry? Maybe you should try using them or getting some better ones which are more effective.

 

[Darc Knight]

Yeah, good point. I'm sorry you get guns pointed at your head and your money stolen so often. It must make you scared every time you take a ride in the stagecoach. What weapons do you usually carry? Maybe you should try using them or getting some better ones which are more effective.

You know what intrigues me Sdajii, you and I are the only two people whose Stock tips Ann has sabotaged. Surely a few others have done consolidations or other suspicious stuff.
Remember comrade: the enemy of my enemy is my friend

 

[Ann]

Yeah, good point. I'm sorry you get guns pointed at your head and your money stolen so often. It must make you scared every time you take a ride in the stagecoach. What weapons do you usually carry? Maybe you should try using them or getting some better ones which are more effective.

Sdajii there are a few emotions I am unable to feel, fear is one of them. As far as weapons are concerned I have the pen and Photoshop. Any investments which go backwards, I call tuition fees.

 

[Ann]

Consolidations happen all the time Ann. Tiny little "big shot" explorers keep sprouting news and creating shares until there are billions of shares on offer with a market cap of (say) $5m. So to "tidy things up" they arbitrarily turn 100 old shares into 10 or 5 or 1 new share - mainly so they can start the whole process again.

From my experience in the explorer section of the market it is a great way to turn a good bank balance into fairy dust. It seems the only way to make a buck is to trade it for sharp rises and subsequent falls.
Sad but true.

Bas, you are so right, I had no idea about all of this. Millions and millions are being lost to the markets with this unbelievable, legal rort. It isn't just the small speccies either. TEN, now defunct, did a Consolidation and wiped out a massive amount of investors' money.

 

[Sdajii]

Sdajii there are a few emotions I am unable to feel, fear is one of them.

Wow! That's so cool! What are some of the other emotions you are incapable of feeling? Did you get mentally altered by aliens to find yourself in this peculiar state of lacking normal mental function?

 

[Ann]

Wow! That's so cool! What are some of the other emotions you are incapable of feeling? Did you get mentally altered by aliens to find yourself in this peculiar state of lacking normal mental function?

We are all different in the balance of our emotions, some feel things more than others. Some of us feel things less. I think it is more to do with feeling conversion. In a situation where I should be feeling fear, I get the feeling of power, where I should be getting the feeling of love I get the feeling of the need to protect, where I should be feeling the feeling of greed it just fades into a feeling of disinterest. My father was a sociopath, where he should have felt the emotion of guilt he simply felt the emotion of victory where he should have been feeling the emotion of empathy he simply felt disdain. If you think about it, you might find you have some emotions which seem to convert to other emotions.

 

[Ann]

You know what intrigues me Sdajii, you and I are the only two people whose Stock tips Ann has sabotaged. Surely a few others have done consolidations or other suspicious stuff.
Remember comrade: the enemy of my enemy is my friend

Don't worry dk I will get through the list. I have done mine and PO3 along with yours. I will try to be fair to all. It appears there are so very many that it is likely most of the Tipping Contest picks will have a Wealth Warning slapped on to them. It is just a way to limit my field of view. Although I did find two little charmers in the ASX notices yesterday. Maybe when you all do your stock picks you check to see if there is a Consolidation in the stock's family tree. 'Cause if there is I will slap a Wealth Warning on it. Do I care about not making friends...well no, that is another emotion I do not feel.

 

[Parse]

Ann I think what you are doing is a great idea. I would even suggest maybe a forum topic somewhere that could include a list of stocks that have gone through consolidation with maybe the price, date and % ratio.

I had a bit of a look around and it's actually hard to find a list of stocks which use consolidation and when. I feel you practically have to look at every stock code and check out all the old ASX announcements.

 

[Ann]

Ann I think what you are doing is a great idea. I would even suggest maybe a forum topic somewhere that could include a list of stocks that have gone through consolidation with maybe the price, date and % ratio.

I had a bit of a look around and it's actually hard to find a list of stocks which use consolidation and when. I feel you practically have to look at every stock code and check out all the old ASX announcements.

Thanks Parse, I think what we need, more than a list, is a Wealth Warning on all stocks which have Consolidated. It is far too much work just for a single person, they number into the thousands. I need/we need everyones help to hunt down and slap Wealth Warnings on these stocks. I have a Thread going at the moment about Consolidations and a template for the Wealth Warning. We won't be doing double work as once a warning has been issued...and maintained per page we can move on to the next company. New people who are looking up the stock of their interest will see the warning and hopefully move on. If they are d!ckheads and still buy the thing, more fool them, they have been warned.



WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital. Better value elsewhere.

 

[barney]

Cause if there is I will slap a Wealth Warning on it.
Do I care about not making friends...well no,

I like the "wealth warning" concept ….. good idea … and helpful

If you save people cash with your "wealth warnings" you may inadvertently make friends Miss Anne …. I hope you are able to cope with that … PS Everyone needs at least one friend

Did you get mentally altered by aliens

That's funny ….. no disrespect intended Anne ….. not that you'd care anyway

 

[Sdajii]

That's funny ….. no disrespect intended Anne ….. not that you'd care anyway

It's okay, she is incapable of feeling love and has no interest in friendship anyway!

(with almost anyone else I'd consider saying that to be stepping far over the line, but she describes herself like this! :O )

 

[Ann]

It's okay, she is incapable of feeling love and has no interest in friendship anyway!

(with almost anyone else I'd consider saying that to be stepping far over the line, but she describes herself like this! :O )

Got it in one Turnip Head....another emotion which converts for me is intimidation, it amuses me which is not a great conversion as the first inclination is to laugh, not recommended. I try to keep a dead-pan expression.

 

[Ann]

I like the "wealth warning" concept ….. good idea … and helpful

If you save people cash with your "wealth warnings" you may inadvertently make friends Miss Anne …. I hope you are able to cope with that … PS Everyone needs at least one friend

Thanks barney, I hope it can help someone save their capital for a better investment. I have one friend but no 'e'.