Great news only wish it could be done sooner I never was all that over the moon with the Bullant move now it looks as we come out in a good position with Silver smashing new highs a resource at kempfield increasing with the cut-off grades dropping as values increased.
so we have
Cash Reserves At 30 September 2010 Argent had cash totalling $2.2 million
Another 2.1mill getting raised @16c= total cash est- 4mill+
we only have to spend another 200k-300k to have 71% of kempfield(in talking with Kerry) and if GCR don't front with cash going forward I believe ARD will take near full control of kempfield before the end of 2011 90% etc
48mill 2011 options to expire 30th june @ 20c=9.6mill cash
ARD- will gain 44mill shares in USN(and in turn be their biggest Shareholder LOL)personal I'm for ARD holding in the short term and if bullant turns out the goods for USN ARD could pass on the large holding for a tidy profit an pay out a divie or buyback shares etc
Will Kempfield be mined too right IMHO like I said to Kerry early last year Silvers going alot higher from here late 2011 silver will be $40+AUD IMHO
ARD Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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