To play the Devils advocate...If results of the case don't...

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Ziggyzinc

628 Posts.

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08/06/19

14:54

Post #: 38974184
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Originally posted by john435: ↑

@readyaimfire I think you are wrong in your summation of Argent.
Firstly they have identified gold in this maiden campaign at Pine Ridge and these were diamond holes.there's a reason for that the core will enable Argent's geologists to understand the structures around Pine Ridge and also give a lot of other valuable information.The next round of drilling here will probably be RC and much better targeted with the new knowledge from these holes
Secondly I think it is rather nasty for you to make the slight about their cash balance when you (and the rest of us) really don't know the figure.
Thirdly Argent isn't the only explorer caught up in the R&D probe ,I am confident that Argent will have followed all procedures very carefully in that regard and I actually believe they will be vindicated in the process currently underway.
Lastly it has been a shocker of a market for juniors in the last 10 months generally.Most news events are seen as something to sell into. Most people have become short term traders rather than investors .Recent news about GCY and DCN have spooked many investors as well. To further complicate things we are in June and there will likely be a lot of tax loss selling across the juniors of the ASX.

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To play the Devils advocate...
If results of the case don't favour us.
How do you see funding for "aggressive" RC drilling being sourced?
Even if we win there's not a huge amount of money in the Kitty
What's your take on Divestment of non-core assets?
I personally would love to know more about where we are going from here?
And honestly just keen to know how others with more experience than myself think?

ARD Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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