Originally posted by cabmerlo
If there is price sensitive info held by the board ........on what grounds do they not have full disclosure ?
Especially while raising with institutional investors ?
At rediculous terms....are they privy to this sensitive information preventing the Shiek from tipping in ?
Hi, I am compelled to post with all the noise that is drowning out what is happening. I refer again to my AGM overview. The number one priority is Carlow Castle, we are awaiting a JORC/43.101 resource that will support a main board listing on the Toronto exchange. You cannot get this wrong and I expect that the Board of ARV are fully aware of the numbers, but cannot announce until the ASX has signed off on the detail. At which point it would be submitted to Toronto for their sign off under 43.101.
The mining business is dynamic and ARV have demonstrated that they are quick off the mark as evidenced by their application for the Paterson Range tenements. Please note that it is an application to explore and I suspect the Department of Mines (DoM) who manage all of this will want to be sure that applicants can progress work on the tenement. In this instance DoM are bound to go with ARV on first come first served process, however they will also be mindful that Rio Tinto, who we all know have very deep pockets, were also very keen. I suspect this is why ARV had to come with some significant funding pretty damn quick that would not jeopardise other projects on the go, specifically Carlow Castle and Radio Hill, not to mention Purdy's Reward JV commitments. You will note that the funding was specifically for the Paterson Range work. Clearly the funding is not cheap, but in the circumstances of the current share price with blatant manipulation clear for all to see and in a very depressed junior mining sector there was probably no alternative.
Of course we all want to know what is going on day by day, but in my opinion ARV management are navigating these challenging times as best they can, so we just need to be patient. I take comfort from the fact that there is news flow, perhaps not as quickly as we would all like, but more often than not it is not within ARV management's control.
(20min delay)