Ardea Resources (ARRRF)

[drcashflow]

classic buy on the rumor - or in this case expectation of a favorable pre-fease result - and sell on the late march news.
now the question is whether and when to get back in.
when is the next catalyst.
will a buyer with deep pockets and/or favorable debt capacity and/or highly valued stock step up and acquire ardea.
mkt cap approx A$110mm - give or take - depending on what you're using for f/d shares, down from peak A$265mm.
seems pretty inexpensive given the pea #'s.
https://ardearesources.com.au/