ARD have waited long enough, and time to drill is now.
No one likes dilution, but that is how these companies operate.
Could this have been timed better, of course it could have, but as you say rhiannon, hope is not a good plan. So to wait and hope for a rise in Silver price could take longer than budgets last, if no action is taken.
To move ahead ARD has to start drilling, they had to raise at some point, and they have to always keep in mind, that, the balance sheet of the company remains solvent.
The currant market conditions, tell me a run to safety is close, and Silver and Gold should do well under such circumstances.
You only get diluted out if you don't participate.
You have to pay to play in this environment, especially with exploration companies!
I will be taking up my FULL entitlement.
Good Luck to All
News: ARD Argent Minerals Seeking To Raise Up To About $1.7 Million Through A Pro Rata..., page-8
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $31.81M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $118.9K | 5.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3581053 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1844464 | 1 |
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| Last trade - 15.59pm 27/06/2025 (20 minute delay) ? |
| ARD (ASX) Chart |