Ann: June 2019 Quarter Activities and Cash Flow Report, page-15

I was going to post something similar to what you had written kevkert, after I had bought my last lot of shares.
Yes, SVL has been going gangbusters as of late. It was only a matter of time that ARD would move up as it is cheap compared to the other two Silver identities. IVR being the other one that I hadn't mentioned.
I think that the main reason that ARD was hardly moving, was because potential punters were afraid of a Capital Raising.
Yes there will be a capital raising, but it is not imminent in my opinion. Hopefully when the share price is a multiple of what it is now.
ARD management have been pretty lean.They have had to be.
ARD state they have $725k cash left after the last quarter.
Cash burn this coming quarter is estimated to be $379k.
Over at SVL they report cash of $633k at the end of the June quarter.
And a cash burn of $1.3 million. They will definitely have to do a CR soon.