SOURCE: Investrend Communications
NEW YORK, NY--(Marketwire - Jul 11, 2012) - Zurich, Switzerland-based SISM Research recently issued a company research update on Ardent Mines Ltd. (PINKSHEETS: ADNT) (OTCQB: ADNT) written by senior analyst Ernest Schlotter, dated July 6, 2012. The report includes analyst Schlotter's company stock target valuation and rating, as well as cites Ardent's progress toward building "the next gold mine in Brazil."
A complimentary copy of the report is available for download via Investrend Syndications (at http://www.investrend.com/ADNT_2012-07-06.pdf), as well as via the SISM Research website (at http://www.sism.com/coveredcompanies.htm).
The full report contains important disclosures, disclaimers and analyst qualification information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor's total investigative process.
According to analyst Schlotter's SISM Research report: "Ardent acquired two gold properties in Brazil during 2011. Subsequent to the acquisitions, ADNT hired SRK Consulting Inc. to prepare a NI 43-101 compliant technical report on exploration for the Gold Hills project, which properties are surrounded by Yamana Gold, a major gold exploration and production company."
"Using SRK's parameters," the report continues, "we calculated the mineral resource potential for Gold Hills to be in excess of 900,000 ounces of gold. Based on Canaccord's in-situ gold database, the market is valuing gold held by non-producers today at about $69.40 per ounce. Based on current in-situ gold price, the Gold Hills property can be valued at $64.6 million."
"Ardent has assembled an exploration and development team to expedite the exploration process. The 3,000 meter exploratory drilling program is expected to start this July/August. Ardent is backed by Swiss venture capital firm Capital Research Group AG. The firm provides loan's to the exploration program and is committed to convert debts to equity at $3.65 per share," Schlotter's report also notes.
"Ardent's management has a clear vision to unlock the 900,000+ ounces of gold opportunity at Gold Hills," Schlotter's conclusion asserts, "which has a gross value at today's market price of US$1.5 billion."
About SISM Research
SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium, takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers", which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.
About the Investrend Research Syndicate
The Investrend Research Syndicate, a proprietary entity of Investrend Communications Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the "Standards for Independent Research Providers" (http://www.investrend.com/FIRST/standards).
"Safe Harbor" Statement
Certain statements included in this news release contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), including statements regarding potential production, projected revenues, the success of the company's business, as well as statements that include assumptions, expectations, projections, intentions, plans, beliefs or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ardent Mines Ltd. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act, lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade. This press release speaks as of the date first set forth above and Ardent Mines Ltd. assumes no responsibility to update the information included herein for events occurring after the date hereof. We, the issuers of this press release, also assume no obligation and expressly disclaim any duty to update the information contained herein except as required by law.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits resource companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms on this press release, such as those related to prospective resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the SEC website.
The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release.
SISM Research has researched and written the above-referenced report without any input, contact, advice, or review from the subject company. Any information has been gathered from public sources of information including, but not limited to press releases, company websites, and SEC filings. Financial Market Research Inc. ("FMR") paid SISM Research ("SISM") a retainer fee of five thousand US dollars for continuing coverage of Ardent Mines Ltd. ("Ardent"), and SISM has paid Investrend Communications, Inc. ("Investrend") a portion of SISM's collected fees from FMR for a "distribution and visibility" program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM's Ardent coverage. No promise of favorable point of view or opinion was or has been made by SISM or the analyst(s) writing for SISM, to Ardent or to FMR. Further, it is both SISM's and Investrend's policy that neither of the firm's nor either of the firms' principals, nor either of the firm's assigned and/or other writing analyst(s) own or trade shares of any subject companies or subject companies' "competitors." Additional information about Ardent is available via the company's website (at http://www.ardentmines.com/).
This announcement is distributed by Investrend Communications, Inc., on behalf of Investrend Communications, Inc., clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.