ADV 0.00% 13.0¢ ardiden ltd

I hold several lithium socks , they are all at various stages in...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 473 Posts.
    lightbulb Created with Sketch. 148

    I hold several lithium socks , they are all at various stages in their development,  some have proven up a substantial resource others are adding to their tonnage. Their road to success has been very testing and  some are still facing several  challenges. Lithium stocks are definitely not for the faint-hearted . ADV as a company has ticked many boxes for me and there are many positives.  Management  have been proactive in securing access to rail, securing additional tenements, adding professional lithium experts to staff , raising capital to fund programs and maintaining agreements with Yantai and the indigenous community. All this while expanding our drilling program. These are not the actions of an incompetent/ disinterested management as some posters would have us believe. They are laying down the pathway for ADV to become a miner/producer. They have plenty of skin in the game and are loosing money (on paper) like the rest of us.


    The resource stands at 1.23 mt as of  OCT 2017 , that was over a year ago and a resource upgrade is assured with intercepts to date. The drill bit has not found  the " mother-load" yet, but they are constantly hitting very high grade spodumene  and are funded to drill for at least  the next 4 or 5 Quarters. So ignore the people with obvious agendas , some even seem to have personal issues with management and have plagued ADV's  threads with constant negativity. It is true that as we stand we do not have a resource that is viable , somewhere between 5 and 10 mts would be enough to get us rolling. This can be achieved with just one set of drill results, simple as that. One major intercept and ADV will fly. Management have already multiple targets identified and drilling will be ongoing. 


    So as I have said on numerous occasions, hard to pass ADV at these levels.


    All imo and DYOR 




       



      

 
watchlist Created with Sketch. Add ADV (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $8.439M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $2.25K 17.30K

Buyers (Bids)

No. Vol. Price($)
2 121154 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 60853 2
View Market Depth
Last trade - 14.43pm 22/11/2024 (20 minute delay) ?
ADV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.