Have just exercised a heap of ARDO options which I bought on the back of the recco from diggers newsletter and my own subsequent research.
Had a really good ride over last 2 years with CCU (bought most between 18c and 30c and sold between 70c and $1). Hoping to replicate that performance with ARD as the story unfolds.
No concerns with the quality of the ARD resource. My only real concern is gaining the required environmental/mining approvals etc. CCU is in a barren dust bowl near Cobar, which is a traditional mining area. ARD is in Kempfield which is a verdant mix of bush and farmland. I'm concerned it may be more difficult to get the required approvals here.
Thoughts anyone?
K
ARD Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
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