I was looking for a micro cap speccie explorer/developer to put about 15% of my $$$ in to. I shortlisted CXO, PIO, AUZ, AON, FND and TNR amongst others and ended up settling on ARD. My criteria was a mixed weighting of cash balance to market cap ratio, technical risk, near term development or exploration program catalysts, quality of board of directors and upside potential. I have patiently accumulated ARD over the last few months at an average of 2.2c. With today's news of drilling commencing this week the SP is 3c as I write which is a tidy 35% gain. I'm holding firm and holding on the potential of the drilling campaign. Given ARD is only 15% of my portfolio I am willing to risk a possible 50% capital loss if drilling disappoints for the potential reward of many multiples of the SP to the upside if drilling hits the goods. GLTAH
I was looking for a micro cap speccie explorer/developer to put...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.36M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 720452 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 113111 | 1 |
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| Last trade - 09.47am 26/06/2025 (20 minute delay) ? |
| ARD (ASX) Chart |
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