Hi Finn,
My objective is not change your main or re-direct your investment somewhere else. It is purley express my experiences with ADV.
I am a engineer with PhD. I involved energy metals such as Lithium, Vanadium, Cobalt. When I decided to purchase share I did exactly what you did, investigated, contact with directors, ASX, CommSec to make sure my investment is right. Do you know what was the ADV SP 12 months ago? What is now? Please check the following chart.
Mos importantly Lithium is not as bright as used to be. Global demand is flat, there are many other Li producer. In this case even if ADV became a Li producer how it can compete with very high grade Li in WA such as PLS, KDR, AJM. Has ADV any off take agreement?
The following from ADV announcements:
1. SEYMOUR LAKE LITHIUM PROJECT On 23 July 2018, Ardiden announced the successful start to the Resource expansion diamond drilling program at North Aubry, a highly prospective lithium-bearing landholding, located within the Seymour Lake lithium Project.
2. PICKLE LAKE GOLD PROJECT, Ontario (ADV Earn-in Option for 100%) Throughout the quarter, Ardiden work towards the completion of a due diligence diamond drill program at the Pickle Lake Gold Project.
3. BOLD PROPERTIES COBALT-COPPER-NICKEL PROJECT, Ontario (ADV: 100%) No exploration activities were undertaken at the Bold Properties Cobalt-Copper-Nickel Project during the Quarter, with the majority of the Company’s focus being on the exploration work at the Seymour Lake Lithium Project and the Pickle Lake Gold Project.
4. WISA LAKE LITHIUM PROJECT, Ontario (ADV: 100%) No exploration activities were undertaken at the Wisa Lake Lithium Project during the Quarter, with the majority of the Company’s focus being on the exploration work at the Seymour Lake Lithium Project and the Pickle Lake Gold Project.
Which project progress? Where is the drill results? Having well written announcement cannot change the reality. However good luck, I hope you can achieve your goals with ADV. Please keep/do your research. Put pressure on ADV directors as much as possible. DYOR.
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