Newby contribution, page-7

Agree with most of that which you have posted but "the giant runt" as you refer to the KNP, has always been considered to be worth plenty and many long term shareholders saw it go from a giant to a minnow at the time of the GFC.
Sure, it is true that the KNP was all nickel, nickel, nickel, but cobalt credits were always of some interest but of course, it was not of high value and demand back then but as someone else mentioned on the ARL board here a few days ago, Ian Buchhorn's (mineral economist / geologist) interest in the KNP has never waned and as a long term Heron holder i am so pleased that he is on the Ardea board because he knows Ardea's ground so well. In years to come, if Ardea was to go into production, they would get credits for both nickel and cobalt.
We Ardea holders are in very good hands with Matt Painter & Ian Buchhorn for so many reasons including the gold potential.

It was rather a pity that Ardea fell a bit short of dollars at listing time as Cobalt Blue got in early and rode the cobalt price spiral and listed about two weeks earlier (with a longer lead time) well oversubscribed by millions of dollars, with an inferior cobalt resource. So yes, it was perhaps a stroke of luck for Ardea to ride the interest in cobalt and "ethical cobalt" to boot, but how good was that? I no complain.

Currently we see Heron's Woodlawn Project (so very promising) floundering and one would have thought that Heron's shareholding in Ardea would have lifted Heron's share price by even half a cent? but alas, No, Heron's share price keeps falling!