I was going to post something similar to what you had written kevkert, after I had bought my last lot of shares.
Yes, SVL has been going gangbusters as of late. It was only a matter of time that ARD would move up as it is cheap compared to the other two Silver identities. IVR being the other one that I hadn't mentioned.
I think that the main reason that ARD was hardly moving, was because potential punters were afraid of a Capital Raising.
Yes there will be a capital raising, but it is not imminent in my opinion. Hopefully when the share price is a multiple of what it is now.
ARD management have been pretty lean.They have had to be.
ARD state they have $725k cash left after the last quarter.
Cash burn this coming quarter is estimated to be $379k.
Over at SVL they report cash of $633k at the end of the June quarter.
And a cash burn of $1.3 million. They will definitely have to do a CR soon.
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $20.06M |
Open | High | Low | Value | Volume |
1.3¢ | 1.5¢ | 1.3¢ | $24.42K | 1.755M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1489903 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 2622758 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1489903 | 0.014 |
5 | 1750694 | 0.013 |
6 | 690000 | 0.012 |
7 | 2079469 | 0.011 |
4 | 1870000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2546758 | 3 |
0.016 | 400000 | 1 |
0.017 | 882084 | 4 |
0.018 | 168500 | 2 |
0.019 | 955288 | 3 |
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