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.
ARD Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)