It was nice to see a couple of big buys this week, word must have gotten out slowly but surely that the rock chips we are waiting on are decent. As Hardcash mentioned a few buyers this week didn’t care about what price they were buying at which highlights the fact that they just wanted to set themselves up for what is to come. In the last couple of updates they mentioned a few interesting points, which I eagerly wait to see if they have any further updates on. I like ARD with its immense exposure to silver, their Kempfield project should serve to act a major leverage to silver if the economic decides to collapse overnight.
A simple sniff of lithium in the upcoming rock chips would wake up a few people. Wouldn’t take much to come up with a nice resource along 84km of strike distance. Copper is also trending nicely, any confirmation that we have a sizeable resource on our hands will help in paving the way to reach our rightful market cap. 10 million market cap is very low for a company that has spent 12 years developing their flagship project and has out over 600 holes into such project. Very exciting times for ARD as they look like they want to reward shareholders by moving quick with boots on the ground to deliver favourable results. Time will tell, chart looks good. Buying keeps coming which is a good sign nearing the release of rock chip assays. I think assays will be a week or 2 away as it takes time to get processed in the labs, it also depends on if they paid to fast track assays.
ARD Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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