Ann: Successful A$21.5 Million Capital Raising, page-23

Hi BE, I liked your post and respect your view

What if, management prove up the Emu Lake resource and show that it really is a SILVER SWAN.
That would be a massive gain to Ardea and the +- 20% dilution will be cheap in todays money.

Management seem very excited about what they have seen, we can only go on announcements.
We should all remember that Ian Buchhorn is taking these capital raise decisions with Andrew, he is the largest shareholder and he tipped in again for 150 000 shares being $105 000 this time around.
The way I look at this is that Ian has also lost 20% of his capital in the raise and yet he advocated for this capital raise.

I think actions speak louder that words, WATCH THIS SPACE
RED