the year that was...

whilst australians are busily doing late minute xmas shopping, at myr, djs, hvn, jbh etc - gondwanians are facing a bleak xmas.

with the share price down 73% for the year, there is simply no funds available, with which to buy xmas presents for the family.

anyway, the news is not all bad, because the lowest price that a share can trade, is 0.1c. given the present 0.3c share price, then the stock can only fall 66% , in value , next year..

believe it or not, but $15000 invested in about the year 1998, is now worth about 5c - after allowing for consolidations.

in about 1998, following the discovery of the golden orb deposit, the shares traded at about 15c - so 100,000 shares would cost about $15,000.

anyway, there was a consolidation in about 1999, and that was probably a 20 for 1 consolidation (too long ago to find the exact details, suffice to say that the shares on issue probably dropped to about 5m) .. so 100,000 shares, become about 5,000 shares.


in 2006, there is a 25 for 1 consolidation.. so 5000 shares become 200 shares.

in 2008 there was a 10 for one consolidation, so that 200 shares become 20 shares - but there was some silly bonus issue involved - so 20 shares becomes about 23 shares.

anyway, 100,000 shares in about 1998, worth about $15,000, is now worth about 23 shares at .3c - worth about 7c.

mmm almost time for the next consolidation