jbmurc, you've done an outstanding job throwing the info out there on this one. Thanks a heap. I've searched and scoured and picked my way through the silver heap these last two days. I've only one question, and if you can help me with this it'd be just fine.
What on earth is this stock doing at 18cps when not only have the Directors have been buying but the silver market has been strapped to a rocket? Is there a problem with Native Title or something? I'm very light on this subject, and the silver market. Which makes this a tough buy for me, as I don't know anything about silver other than it is an essential precious metal used in just about everything in the modern world of today, and tomorrow. And that it is in very short supply, that HSBC and JPM are in the courts on charges of manipulating the market, down, which might account for the 72% rise these last four months. And that may be the beginning.
Anyway, I get it.
If a silver mine is profitable at $18 an ounce, $30 makes it only more so. A silver mine's stock should therefore attract more attention. More people want the stock. Its price should rise. But it looks like I'm a bit late for the early bird gains in ARD, yet with the market placed in such short supply - according to Stephen Leeb we're at a 10:1 ratio of what we use to what's in the ground, perhaps the early days are still here.
Thanks for your efforts on this thread, jb.
ARD Price at posting:
18.5¢ Sentiment: Buy Disclosure: Not Held
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