ARD (ASX) ARD Cashed up and Drilling Right Now

Originally posted by SandyC ↑

Hi All

I’ve been a little concerned with the ARD share price lately so I decided to speak with David Busch (CEO) yesterday and after our conversation I came away feeling extremely confident that ARD will be a major winner for shareholders. David was extremely helpful, very knowledgeable and a pleasure to speak with. In my opinion ARD has a first class team and is a very well run company with enormous upside.

David pretty much confirmed everything that has been communicated over the last few months and our discussion reassured me as to why I invested in ARD in the first place. I continue to be really excited to be part of the ARD journey so I thought I’d share my thoughts on what makes ARD such a good investment to help appease other shareholders that may be nervous with the current low share price and market negativity.

Kempfield
- Located in a proven area with plenty of profitable mines.
- Drilling completed.
- Mineral extensions identified and resource remains open.
- Resource currently at 21.8 mt and deposit looks likely to double.
- Infill of 5,000m is underway.
- Resource is shallow which makes it more economical to mine.
- ARD’s new processing method is much cheaper than the conventional methods which makes it even more profitable given it’s a shallow resource.
- From my calculations the NSW Government has contributed approximately $400,000 towards this project to-date which is a major fee kick and endorsement for ARD.

West Wyalong
- Strike is now 2km long
- Diamond drilling has finished.
- ARD is awaiting assay results which have been delayed at the labs due to events out of ARD’s conrol.
- ARD has sent 70% of the entire DD core length to the labs for sampling even though assay testing is very expensive. From what I understand industry norm is to only send around 30% of the core lengths for testing given the expense so imo the cores must have showed something really special throughout them. Otherwise why wouldn’t you just pick the best 30%?
- ARD has increasing its interest from 51% to 70% through its “earn in” arrangement which is 50% paid for by the NSW Government. How good is that!
- Exploration expenditure to continue on joint venture agreement terms with customary 70/30 expenditure contribution or dilution provision.
- This project is potentially more rich cream on top of the success I believe Kempfield will deliver Shareholders.

Loch Lilly
- About to start and is endorsed by the famous Dr Tony Crawford who I understand provided the original direction to the Nova discovery.
- Not only would I say that this project has a very high probability of success given who is backing it but it also provides huge upside on top of the other 2 projects ARD has on the go.
- ARD are getting a “51% earn in” which is 75% paid for by the NSW Government. Again how good is that!
- This project will also be even more potential rich cream on top of Kempfield and West Wyalong.

On top of all this ARD recently raised $2.28m before costs from their oversubscribed capital raising on top of the NSW Government funding so they will have plenty of money in the bank for the next 6 plus months.

With all the above I don’t understand how the share price can remain this low with such a high quality management team and everything that is happening across ARD’s 3 projects but I am very confident the market will soon realise just how good ARD is.

Cheers SandyC

Expand

awaiting assay results which have been delayed at the labs due to events out of ARD’s control.

Damn you Muppet Labs!!!!

No.	Vol.	Price($)
7	1634358	2.1¢

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1634358

2.1¢

Price($)	Vol.	No.
2.3¢	1946107	5

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2.3¢

1946107

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7	1634358	0.021
10	3083500	0.020
12	2629604	0.019
7	2989004	0.018
8	1347342	0.017

No.

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Price($)

1634358

0.021

3083500

0.020

2629604

0.019

2989004

0.018

1347342

0.017

Price($)	Vol.	No.
0.023	1946107	5
0.024	888625	6
0.025	272700	2
0.026	637300	3
0.027	1770071	8

Price($)

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No.

0.023

1946107

0.024

888625

0.025

272700

0.026

637300

0.027

1770071

(20min delay)
Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $30.36M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$31.62K	1.447M

ARD Cashed up and Drilling Right Now, page-34

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