Hopefully we will catch a bid soon in the PMs price... commodities too... the sector is certainly fatigued right now... ARD has enough money in the kitty to get us through this slow period, i think it’s only temporary fatigue, surely the 10 year Wall Street Bull will come to an end sooner or later.. thankfully management remain conservative in their spending, which IMO is the best policy at this time... raising money to grow our current asset in this climate would be like giving the company away for nothing, In last years announcement it said the new board was appointed to add shareholder value... we certainly haven’t lost any value over the past 12 months asset wise..on the contrary we have increase our resource significantly to a world class asset, unfortunately the market does not acknowledge this with current sentiment... hence the SP is down, which we can’t blame management for.
IMO the current SP is only temporary, however it’s likely dependent on PMs & commodities prices.
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