Sism research initiates independent coverage on ardent mines
New york--(business wire)--(investrend research syndicate) -- ernest c. schlotter, a senior analyst with zurich, switzerland-based sism research and a four star analyst according to starmine, has initiated coverage on ardent mines, ltd. (otcbb: adnt) in a nine-page report dated april 11, 2011, which includes a 12-month stock target valuation and analyst's rating/recommendation. the full report includes important disclosures, disclaimers and analyst information. sism research advises 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. sism research further advises that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process. a complimentary copy of the report, which includes important disclosures, disclaimers and analyst’s qualifications, can be directly downloaded for a limited time via the investrend research syndicate (at http://www.investrend.com/adnt-initial.pdf). according to analyst schlotter’s report: “ardent mines focuses on the acquisition, exploration, development, and operation of gold and silver metal projects in the americas and africa. the company is building a balanced and diversified large multi-commodity portfolio through acquisition of new projects and opportunities. the company has executed agreements to acquire and develop properties with very high potential in brazil, peru, and tanzania and is currently in advanced agreements to acquire two exploration projects in brazil, as well as an operating mine in peru and a gold-exploration project in tanzania.” schlotter also noted: “the company’s assets, post acquisition of all the properties, is estimated to hold more than 7.6 million ounces of gold, including a fully-licensed and operating silver mine in peru, the world's leader in silver production. significant mining potential exists, with three veins of silver that are anticipated to be substantially productive for well over ten years. based on the current market price valuation matrix, the in-situ value, for ardent’s estimated gold resource potential only, translates to a one billion dollar opportunity.” 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. 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.” “safe harbor” statement this announcement may contain forward-looking information within the meaning of section 21e of the securities exchange act of 1934, as amended (the "exchange act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" 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. this press release speaks as of the date first set forth above and ardent mines, ltd., management assumes no responsibility to update the information included herein for events occurring after the date hereof. actual results could differ materially from those anticipated due to factors such as the 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. 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. us 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. disclaimer the otc bulletin board exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release. disclosures sism research has researched and written the above-mentioned report without any input, contact, advice, or review from the company, which is done to ensure the integrity and independence of all reports undertaken by sism research. any information is gathered from public sources of information including, but not limited to press releases, company web sites, and sec filings. financial market research, inc., has paid investrend communications, inc. (“investrend”) two thousand four hundred u.s. dollars for a “distribution and visibility” program, provided by the investrend research syndicate (div., investrend), in support of sism's ardent mines, ltd., 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 the subject company. further, it is sism’s policy that neither the firm nor its principals, nor 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 mines is available via the company’s website (at http://www.ardentmines.com).
