All good thanks. I remember talking about the resource upgrade at this time last year, so that's what I mean by the protracted wait. I recall someone else saying a fair while back that they were getting out because the focus on other projects meant that they were taking the focus of Kempfield i.e. the resource infill drilling at Kempfield could have been done a couple a few quarters ago. My impression from all the previous chat and discussion was that they had enough info to do a resource upgrade already - it's certainly been discussed and mooted for a long time, both by the company & here on HC - so the 'more infill drilling' is all a recent development as far as I'm concerned.
I think we really need to have an eye-catching development at one of these projects.
The resource upgrade earlier - and the talk is of a doubling in the resource - could have really added some impetus to the SP and consolidated it higher, which would be handy when the next CR hoves into view. There has been a struggle to maintain momentum at Argent. We have seen the SP north of 5 cents but usually it hovers around 3 cents. SP gains have not been cemented by prompt additional action by the company.
Most of the time my focus on getting some runs on the board as regards the SP is with a view to doing CR's at higher prices, rather than highly dilutionary raises for a couple of cents. You can believe in a project / company and be patient, but I'm mindful that the clock is ticking away as regards cash burn, and regular CR's just see additional hundreds of millions of shares issued which is not that appealing.
ARD Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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