ARL
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3.30% 47.0¢ ardea resources limited

thanks TCSApparently some additional drilling is required for...

  1. boughtearly
    412 Posts.
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    16/09/20
    12:15
    Post #: 47382733
    thanks TCS
    Apparently some additional drilling is required for Nickel, and the funds in hand are there to make sure that we don't need a rushed deal, or further capital raising/dilution for that project. This SPP is purely to develop the gold fields, which will be separated as a spinoff in the future, as mentioned in previous announcements. The strategic partner being sought will not be interested in the gold tenements. So our problem is that we have too many hot commodities. The team is very upbeat and excited with recent developments. I am, personally, very confident in this management team.
    DYOR
    BE
    ARL Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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