What is so dismal about their report? It's nothing less/more than what I would expect from an explorer. If you could be a little more explicit in your comments it would be much appreciated.
I actually thought the report was fairly comprehensive, with the Feasibility study outlined and comments about equipment and labour sourcing detailed. Take the following statement, for example.
"Argent Minerals also believes that it is well-placed for sourcing competitive labour locally. As news travels about the Kempfield Silver Project, the Company continues to be approached by locals in search of employment closer to home."
Of course delays are a curse, but there are not a lot of companies that get things completed on time, including the big guys! I always hear of delays cost blow-outs... It's part of the territory.
I understand that if you purchased these at 25 cents and followed them down to the current price, that your would be bitterly disappointed, but don't blame the company...
The direction of the SP is more likely to be about the recent turmoil overseas, not about ARD. If you haven't noticed, 'most' specs have been hammered.
I'm not saying that these will recover overnight but they are well placed when the market does run again.
Good luck and happy accumulation at these prices. I personally think that in three to four years you will be wishing that your bought more of these.
:-)
ARD Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held
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