What are thoughts on their cash position, $893k as of June 30th?
I wonder if the price is being held back somewhat due to the expectation of a small placement, prior to drilling...
If they don't raise prior, they will basically be putting it on the line, i.e. strong results and they most likely raise at a much higher price; poor or average results and the dilution will be greater next round.
ARD Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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