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1.8¢ argent minerals limited

Ann: June 2019 Quarter Activities and Cash Flow Report, page-16

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readyaimfire

11,391 Posts.

1512

07/08/19

15:14

Post #: 39904516
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Originally posted by Dearly ↑

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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ARD will do a CR while the silver hype is on. The push today on thin volume equals TH sooner rather than later

ARD Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $25.99M

Open	High	Low	Value	Volume
1.7¢	1.8¢	1.7¢	$18.38K	1.037M

Buyers (Bids)

No.	Vol.	Price($)
7	1233194	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	2560145	3

View Market Depth

No.	Vol.	Price($)
5	983194	0.017
17	3989380	0.016
8	3328676	0.015
6	1959885	0.014
4	1157448	0.013

Price($)	Vol.	No.
0.018	2560145	3
0.019	5532777	13
0.020	3732655	9
0.021	3752000	6
0.022	2934011	6

Last trade - 16.10pm 18/10/2024 (20 minute delay)

ARD (ASX) Chart