May I say that I to are disappointed with the SP and had occasion to email David a somewhat hostile email regarding the SP and communications with SH. Forgetting the first point of call is usually the secretary rather than the MD.
David responded and advised of the how offended his secretary was, to which I duly apologised.
David took the time to email a couple of times (even on a Saturday morning) to assure me the company is just as disappointed with the SP as we all are. He provided the links to most recent announcements and indicated they were doing everything to build a viable company.
We agreed that the physical demand has been strong for quite a few years and the paper contracts that keep smashing prices down will come to an end. Having said that, when this happens the price movement in PM will be very fast and companies that position themselves now( which is what I believe ARD management is trying to do) will benefit many times over. I found David extremely forthright and approachable and believe he does have the best interests of all at heart.
I guess we all just need to exercise patience and realise this is the risk we take with spec stocks.
I just believe that maybe Obama is waiting until the end of his term to bring the house of cards down, something else they can blame Trump for then.
ARD Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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