Rushingold, why will ARD go to 15 cents? ARD, and other silver companies have fallen along with the silver price and this does not look like heading back to 40$ anytime soon. Frankly I think ARD's share price will lanquish until early to mid June when it may rise in expectations of a positive feasiblity study; provided that this study is is not delayed. Again.
Frankly I think you are right that ARD are undervalued and I've been buying all I can afford at 10 to 12 cents. But I won't bet my house on it as ARD still have to raise capex for mine development. Not easy in these times especially for a fairly small deposit. My personal view is that they will be bought out when they announce the results of the FS.
Just a view. Not investment advice.
ARD Price at posting:
12.5¢ Sentiment: None Disclosure: Held
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