Ardea Resources (OTCPK:ARRRF)
Featured In: July 2017
Average Cost per Share: A$0.73
Current Market Price (Feb 12, 2019): A$0.50
We’ve owned Ardea shares for roughly 18 months and it remains the partnership’s only cobalt-focused investment. Ardea is advancing its massive Goongarrie Nickel Cobalt Project ("GNCP") in Western Australia. It was a busy 2018 for the company with multiple positive developments throughout the year. However, the ARL share price was crushed due to a cobalt price that plunged 53% over the course of 2018. The share price seems to have bottomed out in the