Expert: Steven Taylor - 10/28/2010

Question
Recently came across two old share certificates.
Bought from A.C. MacPherson & Co. Inc.
1.  1988  Laverty Red Lake Resources Inc
2.  1989  Gunness Gold Resources Ltd.
How do I go about find the value of these and if there is any do you sell now or wait out the recession and see what happens then.   I there any way of seeing how these stocks did over all these years.
Any info would be helpful.

Answer
Don, from the information I have available:

Laverty went through numerous name changes and consolidations and is now TransAtlantic Petroleum, which trades on the TSX for about $3.00 per share. However, because of all the consolidations, 1 share of TransAtlantic would have been 86 shares of Laverty. Not a great ratio. You need to contact the current transfer agent, Computershare (www.computershare.com) to get the old shares reorganized. At that point you can decide if you want to sell the shares or hang on for better times.

Guinness Gold did a 1 for 7 reverse split and became Roycefield Resources. Roycefield went out of business in 2000 after their creditors seized its assets. The stock was suspended, cease-traded and delisted, as there was no value left for common shareholders.