Canadian Stocks/old mining stocks
Expert: Steven Taylor - 9/30/2011
QuestionI have about two hundred shares of orofino mines limited dated
July 1950 they were given to me . I think the company changed names a few times would like to know more about the company and if the stocks are worth anything .
Thank You
Blair Fraser
AnswerUnfortunately, from the information I have available, the shares have no current value. The Company went through numerous name changes and at least 3 reverse stock splits (1 for 4, 1 for 12, then 1 for 10) and became Central Asia Goldfields, which ran into trouble with its mining assets in Kazakstan in the late 1990's. The management resigned and the company stopped filing its required financial information, which is why they were suspended, delisted and cease-traded. Those cease-trade orders remain in effect.