Hello sic4me, ARD get full marks for an open and professional presentation. Well done. My interpretation of the data is that the drilling was a technical success but probably not a commercial unless the assays give some decent gold or silver values, which is always possible. So you are right, depends on the assay results.
ARD has said in the last quarterly report that it expects to issue the balance of the options "on or before 11 March". Sadly it looks like this will not happen unless there is a rerating of the SP before next Teusday. This means that one might expect a capital raising sometime in the not too distant future.
This is forward looking stuff and not investment advice. Please do your own research.
ARD Price at posting:
4.0¢ Sentiment: None Disclosure: Held
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