The WOW factor

I had the opportunity to attend the ARD AGM in Perth and the presentation.

Prior to the presentation I had jaundiced view of Kempfield - why spend money drilling when we will need a CR soon and will more intersections add significantly to the project?

David Busch gave an excellent presentation; his passion and enthusiasm for the project spoke words. Page 17 of his presentation speaks volumes; along with other factual data I formed the view that Kempfield has the potential to be a real company maker from its VMS potential. This means that along with West Wyalong the Company has two projects with Company making potential. Of course both need drilling to verify these claims and there is still risk that the holes might be dud in either or both projects. But for me they are excellent exploration projects with huge potential upside.

I was left with the impression that ARD have a lean, mean, Board of Directors who function well as team, are passionate about the projects,are spending the exploration $ wisely and efficiently and, with Vladimir David, have the technical expertise to move ARD forwards. I now have complete confidence in David Busch as the Captain of the ARD ship.

There will need to be a capital raising soon and I image the BOD will be carefully considering the timing of this in relation to drilling operations.

I strongly support the view that ARD are way undervalued and will increase my holding. It is Company I am content to hold both for the short and long term.

Of course this is not investment advice. My suggestion is that you read David's presentation and form your own views. For me Page 17 has a WOW factor.