ARL

3.30%

47.0¢ ardea resources limited

Share Price Plummeting: How Low will it go? 40c, 30c, Back to IPO 20c???, page-160

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Successwillcome

2,060 Posts.

312

14/05/23

16:53

Post #: 67765331

Originally posted by RED328: ↑
Randy, my friend seems to want more.

In my search for truth I felt the need to expose the folly being perpetrated by our friends from the QLD peer.

I have taken another deep dive into the Quarterly 5B disclosure statements to seek enlightenment and truth.

Here are the facts going back to the first quarterlies in 2022 to date, this includes 5 statements.
I looked into the Exploration and Evaluation costsand theDevelopment costsfor both companies.

From these costs we can see what management focusses on, we can see if management are doing what they say, if they are active in looking after shareholders best interests.
The best way to evaluate this is to see if management are in fact exploring resources and developing those resources with mine development activities

In these tables below we can see that Ardea Resources has been more active on Exploration & Evaluation by a factor of 16 times they have spent more money looking to increase resources like Nickel Sulfide, Rare Earths, Gold and more in the best interests of shareholders.

We can determine from these expenditures that the QLD Peer is NOT actively increasing their resources over the period, Despite their director saying they , (Need to expand the resources at Sconi)

The management of Ardea Resources has engaged in financial transactions of, Development to our resources of similar expenditure.

Once again proving that Ardea Resources has a superior management team that looks after shareholder best interests by actively working on the resources, management have their development program and are working towards its implementation at full speed.

Yo Yo Yo
RED
Ardea Resources
5B Quarterly costs
28-Jan-22 28-Apr-22 19-Jul-22 28-Oct-22 31-Jan-23
Exploration & Evaluation $672,000.00 $1,103,000.00 $1,645,000.00 $888,000.00 $2,065,000.00 = $6,373,000.00
Development $1,845,000.00 $976,000.00 $895,000.00 $1,081,000.00 $2,008,000.00 = $6,805,000.00
TOTAL
TOTAL COST $2,517,000.00 $2,079,000.00 $2,540,000.00 $1,969,000.00 $4,073,000.00 $ 13,178,000.00

Australian Mines
5B Quarterly costs
31-Jan-22 29-Apr-22 28-Jul-22 27-Oct-22 30-Jan-23
Exploration & Evaluation $97,000.00 $60,000.00 $105,000.00 $71,000.00 $63,000.00 = $396,000.00
Development $561,000.00 $1,557,000.00 $1,827,000.00 $1,135,000.00 $940,000.00 = $6,020,000.00
TOTAL
TOTAL COST $658,000.00 $1,617,000.00 $1,932,000.00 $1,206,000.00 $1,003,000.00 $6,416,000.00
Expand
Why not include the last quarter?

Are you hiding something again? Something inconvenient?

Don't tell me you have been economical with the truth 3 times on a Sunday!

I would be ashamed!

All in my opinion and not investment advice.

Do your own research.

ARL Price at posting: 40.5¢ Sentiment: None Disclosure: Not Held

1 Upvote

0 Great analysis

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Share Price Plummeting: How Low will it go? 40c, 30c, Back to IPO 20c???, page-160

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

KGL sniffs 19% Cu from drilling at Rockface play in NT

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Ardea Resources
5B Quarterly costs
	28-Jan-22	28-Apr-22	19-Jul-22	28-Oct-22	31-Jan-23
Exploration & Evaluation	$672,000.00	$1,103,000.00	$1,645,000.00	$888,000.00	$2,065,000.00	=	$6,373,000.00
Development	$1,845,000.00	$976,000.00	$895,000.00	$1,081,000.00	$2,008,000.00	=	$6,805,000.00
						TOTAL
TOTAL COST	$2,517,000.00	$2,079,000.00	$2,540,000.00	$1,969,000.00	$4,073,000.00	$ 13,178,000.00

Australian Mines
5B Quarterly costs
	31-Jan-22	29-Apr-22	28-Jul-22	27-Oct-22	30-Jan-23
Exploration & Evaluation	$97,000.00	$60,000.00	$105,000.00	$71,000.00	$63,000.00	=	$396,000.00
Development	$561,000.00	$1,557,000.00	$1,827,000.00	$1,135,000.00	$940,000.00	=	$6,020,000.00
						TOTAL
TOTAL COST	$658,000.00	$1,617,000.00	$1,932,000.00	$1,206,000.00	$1,003,000.00	$6,416,000.00

Share Price Plummeting: How Low will it go? 40c, 30c, Back to IPO 20c???, page-160

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Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

KGL sniffs 19% Cu from drilling at Rockface play in NT

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