I actually glad they have been slow on this in hindsight, they have been super conservative with share holders money, with a minimum spend over the last 12 months and very little dilution... sometimes the best policy is to be conservative and wait before spending a lot of money on drilling when things are so slow in a sector ( better times are coming) at the same time ARD have been working hard on the feasibility and economics of kempfield... and it’s really looking world class.
Unfortunately at the moment commodity’s including precious metals are out of vogue with investors, and so sp across the board has fallen... however silver is poised fundamentally for a rerate, and the environment is perfect for gold and silver to rally, even though most Wall Street investors are oblivious to that... when will PMs rally? I really don’t know... probably when Wall Street takes a dive, or some black swan event takes place.
I believe management are still looking for a value accredited acquisition, likely something very close to being commercial that will create revenue... and the right opportunity could rerate the company... it’s the perfect buyers market right now..
I’m really hoping investor interest picks up soon... this company is an absolute bargain, and should be much higher right now, I’m still on the buy side and I’ve been picking up a few here and there.
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