only been following ARD for a short time so my observations may be that of a novice; yet the trading today suggests that a bit of momentum is starting to build - even with the sell-off of 60,000 shares after 3p.m. ( and coincidently, the open buy at 10a.m. was for 60,000 shares so could the sell-down have been a punter getting out on a day trade that went wrong ???).
if momentum is building slowly, then i reckon we could be at the 21c - 23c price range in a skip & a jump. especially with the scoping study due in november - 2 trading days unless the study falls into december, as they re-callibrate the numbers with a rising price of silver.
ARD Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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