People aren't letting go of their shares. Buyers are definately having to come to the party at the moment.
I too thought it would drop back a bit after the annoucement..... just seems to be the norm of the last year when Capital raisings are annouced, but maybe due to offer not going to the public has actually helped hold up the price.... maybe it's a tight register too?
In the context of the company size it is a big capital raising. Market cap will increase by 170% (9mil to 25mil)... and by the sounds of it get put to use straight away to cash in on the high gold price.
Also happy with the diversifying.... now ARD is a Gold play, with strong prospects in Silver. Before it was only the later.
ARD Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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