ARL 2.13% 46.0¢ ardea resources limited

Ann: Drilling defines shallow, high-grade gold at Big Four, page-7

  1. 48 Posts.
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    Let me start by saying I currently own Ardea. I only purchased a couple of months ago.

    What is the outcome expected by long term holders? I'm starting to question my own investment. Two years ago I purchased shares in a phosphorus mine and things were all going swimmingly. All the approvals kept coming through, there was plenty of product in a low cost retrieval method and all media and company reports were great. I assumed we would be in for the long ride all the way to a productive mine.

    However then it was purchased by a larger investor and taken off the market. The shares doubled in value at the time. However I had purchased at the same value two years earlier so saw no loss, and no gain. From what I gather, this was because the initial company had nowhere near enough funding to take it through to production.

    How is Ardea any different to this previous company I was a part of? (note I should have done my own research much earlier than now!).
 
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