I have spent a lot of hours recently updating the NSW regional maps and came across some new tenement applications made by SVL last Tuesday August 27th. What particularly intrigued me,given the rather large gulf between the MC of SVL at $96M and ARD at $13M and the fact that some of their new applications immediately adjoin ARD's Pine Ridge and Trunkey Creek tenements, was why SVL pegged the blocks marked in the map above with an orange star .....then I realized that perhaps the rather disconcerting reality that Argent's ground/region may be far superior to their isolated very deep Bowdens deposit had recently dawned on them.So the next question I asked myself was whether SVL will/should either :
1 launch a scrip based offer for ARD offering Argent shareholders one of their shares in return for 7 ARD shares (most likely refused by ARD shareholders) or
2 give themselves an uppercut for bringing to the attention of anyone who can draw some conclusions from my map that the
Kempfield/Pine Ridge/Trunkey Creek region is likely and historically far more prospective than the Bowdens region.
Anyway just something for people to ponder on ........ I wonder which of 1 or 2 SVL will choose in coming weeks.
I will dig up some old screenshots from the Metallogenic Map of NSW to show the merits of the various regions
Note white areas in the area around Kempfield are mostly held by private holders or is reserves/national park/state forest so that's why no one is trying to peg ground to the west of Argent at Kempfield
- Forums
- ASX - By Stock
- ARD
- Ann: Compelling West Wyalong Targets Identified
Ann: Compelling West Wyalong Targets Identified, page-35
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARD (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.99M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $7.03K | 398.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 969877 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 1795368 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 969877 | 0.017 |
12 | 3394901 | 0.016 |
8 | 2828466 | 0.015 |
4 | 2641428 | 0.014 |
3 | 2268293 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 1795368 | 7 |
0.019 | 5706231 | 9 |
0.020 | 4237698 | 11 |
0.021 | 2252000 | 3 |
0.022 | 3818510 | 7 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
ARD (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online