ADV 0.00% 13.0¢ ardiden ltd

Ann: Quarterly Activities & Cashflow Reports - March 2018, page-31

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  1. 2,649 Posts.
    lightbulb Created with Sketch. 187
    Activation WILL come, but it will not come for the commissioning of a plant....It will be used for as stated in the ann on the 27th/02....imho

    6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)CANNOT SEE BRADS CLEAR STATE OF USING LSI FOR A MINING PLANT????

    1. To satisfy the Implementation Fee for the Long State Investments (LSI) Funding Agreement executed on 18th February 2018 to fund ongoing exploration programs at the Company’s flagship Seymour Lake Lithium Project in Ontario Canada and working capital requirements.

    If you think securing the worst possible finance there is on the market to build a plant for the future then some seriously need to reevaluate how this game works..

    There are NO soph's even remotely interested in tipping in to this so they are forced to go down this route, when companies start using these facilities it is a slippery slide for a long way down,,,

    ADV have around $2m left and if they dont pull a rabbit out of the hat then the next raising will be around june/july.......

    There could be a good pump first whilst he uses the avz Geo for connections to alter their positions(likely) and then after that when Seymour doesnt prove up any thing more than a sand pit LSI will get smashed.imho
    Last edited by mattyedw: 01/05/18
 
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