trading halt: cap raising, page-43

Thanks for the heads-up scorp.

I am definitely not offering financial advice!! I don't think I was in my earlier post either, keeping powder dry is just suggesting keeping ones options open until the details of the CR become apparent, not advice to buy or sell or hold or anything else.

You also suggest that you've worked out "fair-value" for ARD, I might have missed your calcs but would like to see them. I personally find it quite difficult to calculate a price, silver is still in a robust up trend (if anything it might be rebounding too quickly at the minute) and ARD have a very low MC given the usual estimates from in ground value in comparison to peers (though again, the extraction/processing costs for ARD might be quite high). Basically saying too many unknowns for me to go on anything but market sentiment.

This company surely remains highly speculative, other ASX silver plays have a far lower risk profile given how close to production they are, but they also have less potential to rapid upside. There's also quite a bit of short-term interest from the infamous newsletter and general interest in PM's currently.

I've been very happy trading in and out of the options, with a smaller holding of heads, I'm certainly looking to build a bigger position once the CR details are released but would anticipate plenty of volatility for a while yet.

NB Sentiment = none until the CR details are released