You could say that about many mineral exploration companies really though which is generally factored into the price and the reason ARD is the 'cheapest' in terms of its ev.
I think ARD has never looked better right now:
- they have just raised capital at 22c - options conversion will give them plenty of cash too - a well known publication has released a very positive report on them with a target price higher than current trading price - 235 buyers against 35 sellers - plenty of support at 23c (above recent raising price) - news on metallurgical results and updated resource due soon (previous resource was based on a cut-off using a much lower silver price) - silver price has corrected, is not as volatile as it has been and might be ready for it's next upwards movement as many are predicting
all of the above is why I bought ARDOs last week and I will convert before 30 June.
oh and the DOW was green last night.
ARD Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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