I am hoping that this is the time our super tight share registry will stand up and hold strong, there is no need to sell at this point considering the upside now baked in and underway. We have a secure partnership being formalised, Ardea is maintaining 50% control of the project and that is a great outcome in my book. The Goongarrie project is being DE risked substantially and with that comes certainty that has been missing for 7 years. Ardea has a DFS underway and there is no cash drain on the company whilst this proceeds, a fantastic outcome and well negotiated by management.
Ardea shareholders should be very aware that this Japanese Consortium partnership deal accounts for about -+50% of the known KNP, There is still another -+ 50% available for additional project development to be negotiated, I would not be surprised if this is already in early stages consideration. RED
ARL Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
