XAO 0.14% 8,013.8 all ordinaries

Short Term Trading Week Starting: 29 Apr, page-22

  1. 2,919 Posts.
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    The chart of ARD does not look that interesting and no current fanfare, but a recent capital raising to fund the next round of drilling should see things move along if they strike it lucky.

    From memory the capital raising was 1.8 cents plus a free 5 cent option to look for some gold.

    I bought most of my holdings around 3 cents because of the exposure to silver, but since June the stock price dropped off and I added more at about 2 cents.

    If the markets tank and silver and gold explode then this is a stock for that point in time. Mcap is less than $10M so if the drilling is successful it could earn it's keep.


    https://hotcopper.com.au/data/attachments/1524/1524860-4fb2d67b5cecc8552c45b52608dd6040.jpg
 
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