Yeah, i see where you are coming from and can agree with your reasoning. I did however, think we would have a pull back as this is not a widely traded stock and didn't see people jumping in to take a position pre Mar, rather, that meeting and decision would just come and go.
Re Options. You are right, and i myself can't see these going anywhere at all unless they drop the strike price to 15 cents, or even lower perhaps... They have the right to do this as it is difficult to value this after the transaction and they really should try hard now to get those shares on the books however they can. The timing of this whole thing is impeccably bad from a cash raising perspective. Maybe they will surprise us all and make the options somewhat worthwhile. Failing that, there is a slim chance some assays could even be back by Mid June and with a continued price rise in silver, the pull back to circa 17c (thats where i think it will head), may be only temporary and she may start re-building just in time. I have some oppies, but don't enough to cry over if they go to the dogs...
ARD Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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