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My father passed away a few years back. About a year ago we were going through some old papers. We came across this stock, from what we can figure, close to 3000 shares. We can see all proof of ownership, purchase papers, but do not see any records of it ever being sold.
When doing a search on this stock we really can not find anything about it.
Is there a way to research this to see if it has a value or worth no more than the paper written on?
When I attempted to research this a while back, I came up with different Rothsay Mines. Only thing is on stock certificate it says Rothsay Mines Unlimited. One other guy who looked thought this meant it was not associated with the Gold mines? But don't know.
A company with a capital of 250,000 was formed and its first operations led to the discovery of a gold seam about 200 feet long. Gold was sent to Yalgoo for treatment and then transported to Perth. However, the presence of copper in much of the ore caused difficulties in extraction and the mine was shut down in 1902. Rothsay experienced a second lease of life during the 1930’s when a company financed by the flamboyant mining entrepreneur Claude de Bernales reopened the mine in 1935. Although the mine operated productively for several years, water in the shaft caused problems and it was forced to close in 1939.
I quickly googled it and I think this is the same mine as your stock papers say. Unfortunately the mine was forced to close so the stock is worthless.
In response to the previous posts, 500 shares of Rothsay Mines Limited were purchased from James Beatty Securities Limited of Toronto Canada on March 3, 1960, so the company was apparantly active at that time.
Thank you
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