Australia's largest stock trading and investment forum Australia's #1 stock forum

ARD

Click for more information

12.5%

1.8¢ argent minerals limited

Ann: June 2019 Quarter Activities and Cash Flow Report, page-16

First 16 Last

Share
Profile

Follow
readyaimfire

11,104 Posts.

1486

07/08/19

15:14

Post #: 39904516
Share

Originally posted by Dearly ↑

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.

Expand

ARD will do a CR while the silver hype is on. The push today on thin volume equals TH sooner rather than later

ARD Price at posting: 2.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

AI stocks: What to expect in 2024-25

LRL

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

There are more pages in this discussion • 19 more messages in this thread...

First 16 Last

Add ARD (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.002(12.5%)		Mkt cap ! $25.80M

Open	High	Low	Value	Volume
1.7¢	1.8¢	1.6¢	$48.86K	2.776M

Buyers (Bids)

No.	Vol.	Price($)
7	1438662	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	45464	1

View Market Depth

No.	Vol.	Price($)
7	1438662	0.017
8	1478173	0.016
16	3416481	0.015
7	2070856	0.014
6	1394551	0.013

Price($)	Vol.	No.
0.018	45464	1
0.019	4180733	14
0.020	2310248	8
0.021	1422811	6
0.022	1427427	5

Last trade - 16.10pm 17/07/2024 (20 minute delay)

ARD (ASX) Chart