Don't you think that with the price of silver and the size of this company's resource that it's cheap anyway? If silver keeps running or even holds where it is I think the shareprice has got some to go. IMO.DYOR. In effect, after the capital return, you're getting all of what it's got for 15 cents a share or a market cap of 12 million. A 31 million ounce silver JORC resource that is with 65000 ounces of gold and 261000 tonnes of zinc and lead.
SVL have a 10 million ounce silver resource and they have a market cap of 34 million.
AYN have a market cap of about 68 million and they have a 15 million ounce silver resource albeit due for an upgrade.
All companies think they have exploration upside.
A chartist mate of mine reckons ARD looks very strong on the weekly charts. I think if the other silver stocks keep going this one is bound to follow.
looks cheap, page-3
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $20.21M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $5.025K | 350.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3902504 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 643988 | 2 |
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| Last trade - 13.03pm 05/09/2024 (20 minute delay) ? |
| ARD (ASX) Chart |