I was going to post something similar to what you had written kevkert, after I had bought my last lot of shares.
Yes, SVL has been going gangbusters as of late. It was only a matter of time that ARD would move up as it is cheap compared to the other two Silver identities. IVR being the other one that I hadn't mentioned.
I think that the main reason that ARD was hardly moving, was because potential punters were afraid of a Capital Raising.
Yes there will be a capital raising, but it is not imminent in my opinion. Hopefully when the share price is a multiple of what it is now.
ARD management have been pretty lean.They have had to be.
ARD state they have $725k cash left after the last quarter.
Cash burn this coming quarter is estimated to be $379k.
Over at SVL they report cash of $633k at the end of the June quarter.
And a cash burn of $1.3 million. They will definitely have to do a CR soon.
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $25.80M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $38.96K | 2.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1220550 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1279098 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1220550 | 0.016 |
17 | 3483147 | 0.015 |
7 | 2070856 | 0.014 |
7 | 1471541 | 0.013 |
4 | 595000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1279098 | 4 |
0.018 | 175000 | 2 |
0.019 | 4128102 | 13 |
0.020 | 2810248 | 9 |
0.021 | 1482811 | 7 |
Last trade - 09.59am 18/07/2024 (20 minute delay) ? |
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