Hello El Capo, I was referring to the recommendaton in Diggers and Drillers, a well informed newsletter to which I subscribe, and which results in a substantial fall in the SP of ARD as subsribers followed the recommendation. The rationale behind the recommendation was that nothing was happening. The absence of regular news shows that D and D were correct in their comment.
It's simply not good enough to run a junior company in silence. In volatile times shareholders seek reassurance that company activities are on track and there is nothing amiss. I can't tell you whether the ARD fundamentals are sound because there has been no recent updates.
My personal believe is that mangement is competant and that the feasibility study will show the deposit is commercial. Sound management would keep shareholders fully informed, which is not happeing, Clearly managment did not learn from Dand D comments.,
ARD Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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