ADV 0.00% 13.0¢ ardiden ltd

Ann: High-Grade Lithium Results Support Growth at North Aubry, page-14

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  1. 709 Posts.
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    Can anyone fill me in on what the previous JORC figure for Seymour was?


    Ignoring the geology, depth etc (which obviously shouldn't be ignored), what tonnage JORC resource would be needed for a scoping study to be schedules and feasibility study to start?


    I sold out of ADV a while ago and my parting sentiments are a part of forum record, but I am still interested on how the board are progressing this project, and if there has been any clear message towards future targets and milestones?


    For me, I did a lot of research on the Seymour area and there were other targets suggested at through soil sampling going way back, and various outcroppings with potential contained lithium, but I haven't noticed drilling look outside north and south aubrey. From what I gathered in my own opinion was that this site (nth/sth Aub) simply does not have a big enough resource to be economical, and extension drilling is just continueing to chase these thin sheets deeper into the earth, and me personally I don't see it increasing the JORC considerably, but interested to hear if anyone sees it differently?


    And i'm very much just trying to get a fresh determination on whether

    a) Brad feels strongly enough about Nth Aubrey being a valid target economically to keep drilling, or whether he just determines that the odd drill result with "exciting" and "high grade" in the announcements are enough to boost sentiment?

    b) If anyone notices a genuine push in the last 6 Months to seriously outline an economic way to mine lithium from this region, which I think needs to include new targets.

    c) if there are other targets along the "5km strike length",,, I personally believe even suggesting some of these will be drilled would at least get some people excited,,,, if they exist why is Brad not pushing to get a drill there?


    They have had this ground for a LONG time, and multiple geo teams, and boasted of potential in this region, which for the most part I bought in to, but from what is apparent (now as a non holder myself who doesn't follow as closely) they persist drilling the single ore body which SP is reflecting that it is not a value add and drilling is not unlocking something the market thinks adds to the value of the company, or will add in future through mining.


    Does the board believe this region is minable?


    How long and how many pay checks, cap raises until that potential is realised?


    My sentiment regarding those two questions is why I sold, but also are the two questions that if the situation changed or clearly my earlier thoughts were incorrect, I would consider buying back in.



    Sorry my post may have sounded sarcastic and negative in places. Holding this stock for several years will do that to a person, but I still would love to see the genuine faithful still holding get reward,,, and even buy in myself again to ride the wave if the fundamentals change.


    Just I am seeing the same progress since I sold last year and capital still being drained with no value improvement,,,  but that is just personal observation so am open to contrary thoughts and analysis of the fundamentals, and how the board can turn this ship and actually get on top and start climbing towards genuine potential again.. Which is the biggest thing that they have lost over my journey with them.... I just don't see it anymore. The potential.

    Or any suggested potential just forever remains 'suggested', with no genuine unlock strategy.


 
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