ARL 5.21% 50.5¢ ardea resources limited

Why the drop?, page-3

  1. 613 Posts.
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    The market does not understand the results.

    Also, will need to wait for metallurgical tests to see if the by-products can be economically recovered.

    In my view, the next 6-9 months are full of price moving catalysts.

    1. Updated resource estimate in July;
    2. Met studies in September;
    3. PFS in January; and
    4. The big one... DRC elections.

    I am of the mind that, regardless of whether there is/isn't a transition of power in the DRC, it will not be peaceful. What happens when the security of 60% of the world's mined cobalt supply is threatened?
 
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