jb there are truckloads of ARDO's out there. Its a fact of life in the market that if the options are in the money as the expiry date looms holders are tempted to sell shares to exercise options. I have done it myself in other stocks.It puts downside pressure on the shares heading into expiry
In addition 6 months is to short a time frame for a volatile commodity like silver which has just had a massive rise. ARD is a silver play and if silver retraced $5 ARD would go nowhere
Consequently I am happy to quietly accumulate shares. There was a big issue recently at 20c, some of those SI's may decide to quit since the reason they invested has now changed.
On the plus side I noticed that a top twenty holder is Yarandi Inv A/C. Now I have met the guy who is behind this account and he is one of the most astute junior resource investors I have come across. he has made extraordinary returns over the last decade backing quality juniors
If he is in I am in.
ARD Price at posting:
19.0¢ Sentiment: LT 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)