Jir, sadly I think you are exactly right. There has been adequate time to complete the drilling program and receive and interpret analyses. The last announcement saying we got the modest refund we applied for seems indicative that there is nothing important to announce.
At the current burn rate ARD will risk running out of funds before the end of 2014 unless it makes a placement, or the outstanding options are excersised.
If the last round of drilling is negative, and as Kempfield is not commercial at the current silver price, the short term prognosis for ARD does not look good.
A 5$ and ounce rise in the silver price will change things completely so let's all pray for that.
Not investment advice, please do your own research.
ARD Price at posting:
4.5¢ Sentiment: None Disclosure: Held
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