I have conducted my own valuation, and I too have concluded that the company is largely under valued.
Having Dawes & Hewlett consistently topping up their numbers certainly brought rational confidence to my decision to enter at these levels.
When will the broader market recognise the value in the company???.......I believe that the market is well aware about ARD'ers inconsistently selling the large amount of stock they received for the purchase of the Bullant Gold mine.
Until then, it makes sense for the broker/larger investors not to enter until ARD'ers get ride of the large amounts of stock they received.
What's more interesting, as you pointed out, Chris Dawes was a former DIRECTOR of ARD ? this is my SMOKING GUN why Bullant will be a success.
It?s a waiting game ? one in which the patient will certainly be rewarded (especially Mr Dawes).
Res.
USN Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
