ARD argent minerals limited

Ann: Trading Halt-ARD.AX, page-36

  1. 415 Posts.
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    Hahaha...... good man John I have my tin foil hat at the ready for the details of this next announcement. Thankfully I have not had to realise the cost of 3.500m diamond drilling campaign myself, but then it would seem that management didn't realise how much it would cost either.
    Here is a C&P from the announcement dated 10/3/16.
    "Backed by a strong cash position, Argent has scheduled drilling to commence Wednesday 16 March 2016, with an immediate follow up to hole AKDD181. A new drilling contractor has been appointed with 24 hour/7 day operations capabilities for a high impact, accelerated results drilling program"
    Accelerated results......hmmmmm
    And another from announcement dated 15/3/16
    Cash position and finalisation of the private placement Argent’s cash position will be approximately $1.52 million following the finalisation of the private placement, representing a well-funded position ahead of the Kempfield drilling program and West Wyalong IP extension survey.
    Now Juniors cannot run on fresh air, I get that, the point I was trying to make is that surely management must have planned to have enough funds to get us from A to B in the current campaign. Why are they going to the equity market again before the final results are in. I have plenty of tin foil if anyone else wants me to make them a hat
 
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(20min delay)
Last
2.1¢
Change
0.000(0.00%)
Mkt cap ! $30.36M
Open High Low Value Volume
2.1¢ 2.1¢ 2.1¢ $24.21K 1.152M

Buyers (Bids)

No. Vol. Price($)
11 2552731 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 481742 5
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Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
ARD (ASX) Chart
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