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3.03%

1.6¢ argent minerals limited

unlikely it would have been upheld plus penalty without good...

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542

08/01/19

13:33

Post #: 37056257
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Originally posted by Froggy $ ↑

Originally posted by riderx
Unfortunately I don't think it's an open and shut case, otherwise AusIndustry would not have flagged this. Also applying a penalty seems to indicate that there might have some liberal interpretation of the rules involved by ARD IMO. Even if ARD has some ground to appeal, I doubt it's worth the money and time fighting this, and this would mean another round of dilution.
ARD has always been a highly speculative investment to begin with, so I expected some rough ride, but this is a bit of blow especially when they were finally getting some traction. Someone probably need to answer how something like this could occur.

so if theyput in a claim for a R&D rebate and it got approved, how and why was it questioned. There must be a lot of responsibility at the other end?

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unlikely it would have been upheld plus penalty without good reason,
you would want to be very sure before throwing good money after bad with a top legal team and the chance of incurring greater penalties.

ARD Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.6¢		Change -0.001(3.03%)		Mkt cap ! $23.10M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.6¢	$15.09K	943.6K

Buyers (Bids)

No.	Vol.	Price($)
10	3299363	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	643958	3

View Market Depth

No.	Vol.	Price($)
10	3299363	0.015
16	4233007	0.014
14	3147195	0.013
5	769999	0.012
8	850727	0.011

Price($)	Vol.	No.
0.016	643958	3
0.017	1989502	7
0.018	4072364	8
0.019	1710477	5
0.020	1735913	7

Last trade - 10.08am 02/09/2024 (20 minute delay)

ARD (ASX) Chart