yeah I guess if your a ARDO holder you do have to make the descension hold and hope after the distrubution ex price ARD reduce the ex price to 17.5c min and ARD doesn't fall the same value of the USN distrubution 7c-9c to 10c-13c and not increase to after the opt ex date
Or do you do what Mr 500k ARDO did and front up with 20c now the holder may well have got them free so he would be stupid not to as for the one with ARDO average purchase prices 3c-5c it's a different matter
Like myself I had an average buy of 3c with the ARDO I decided not to wait or ex but sell for a small loss the funds went into AYN
I'm keen to keep an eye on ARD I do think we'll see better buying prices esp if Silver retreats to 31 - round 17c would be good or low teens after USN dis..
I'm far from 100% on cost & capital needed for Kempfield to head towards production #1 goal Kerry talked of a pretty low cost to get into production but the facts of other Silver,zinc,lead flotation 1.5moz p.a is very large
ARD Price at posting:
19.0¢ Sentiment: Hold Disclosure: Not Held
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