I can see your point JDR.
They have not got enough money to push 2 projects hard so a third does not help. Only $1.6M at the start of the year which will not go far when drilling. At least they have some support from the NSW gov.
To move Kempfield forward beyond a few drill holes into scoping and resource expansion would take >$10M. So look out for a capital raise on the back of any good news?
Loch Lily has cover so geophysics and drilling are the exploration options. Chasing porphyry targets means deep and expensive holes. Maybe they will get some NSW gov support here as well since this is a greenfields area?
Alternatively they have more options for success?
I will wait and see what West Wylong drilling brings before I jump ship. The the pace ARD move that will be May.
Todays prices give me a profit which I am tempted to take but here to stay for a while.
ARD Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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