Well to be honest it's both complex an simple at the same time I myself have spoken with Kerry the MD of ARD twice both times for 10-20min once before bullant buy and the other on takeover attempt from USN
-simple view- What I gather on my research an phone conversations is ARD have a large resource-kempfield- worth many hundreds millions that is OPEN IN ALL DIRECTIONS the individual grades aren't spectactly but the resource as a whole is very good it's shallow an in a great location Kerry believe the costs needed to see ARD into production are pretty low an if ARDO are well exercised (looks likely on re-price lower)ARD shouldn't need to dilute Shareholder futher.
-more complex parts-ARD's control of kempfield pretty much granted it will be annouced 70% soon..but whats the go going forward on the other 30% My understanding from talking with kerry who also works with GCR is that if GCR doesn't want to front with 30% J.V funds needed for DFS JORC PLANT etc ARD will gain futher control...
also the whole USN--ARD issue the demerge of the bullant asset..
So IMHO ARD will not command a respectable SP till the more complex issues are fixed which will be soon so there is risk...but wait till march and ARD could well be 40c on the back of a resource upgrade 90%+ control +free USN shares
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.99M |
Open | High | Low | Value | Volume |
1.8¢ | 1.9¢ | 1.7¢ | $74.08K | 4.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 4518066 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 68785 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1459243 | 0.017 |
11 | 1645800 | 0.016 |
7 | 2761800 | 0.015 |
2 | 2070000 | 0.014 |
3 | 2268293 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 68785 | 1 |
0.019 | 3902589 | 6 |
0.020 | 3037698 | 8 |
0.021 | 2252000 | 3 |
0.022 | 2926866 | 6 |
Last trade - 15.51pm 11/10/2024 (20 minute delay) ? |
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