Ann: Substantial Increase in Mineral Resources at Seymour Lake, page-15

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You3OAte

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07/03/19

09:34

Post #: 37680863
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Originally posted by Finn: ↑

It is quite obvious from your comments that you are negative about any project with less than your stated goal of 20 mt . For a poster that has no shares in ADV you seem to have made it your mission to ensure no positive sentiment exists on these threads. I will leave that to other posters to work out why.

There are several lithium companies with a similar tonnage as ADV with market caps which far exceed ours ($6.7m). For what we have discovered and tenements we hold this is nothing short of a joke. The damage that day traders etc can do to an Aussie stock can sometimes be catastrophic.But that's the nature of things at this end of the market, a few well organised persons can have a huge effect on a stocks direction.

Adv has now a bit of a dilemma on its hands, the management are faced with getting the" best bang for our buck". In a strange way the resource upgrade yesterday has led to this dilemma. If the resource had came in a 2 or 3 mt it would have been prudent to shelf the project and move on to pickle lake to meet the conditions set out to acquire the entire project.. Now with the 400% increase in the resource this prevents a problem. Do management go ahead with both projects at the same time, we do have the cash to do so. Or do we move onto pickle lake and drill same (meeting the conditions of a minimum spend) and hope to hit stellar grades and this boosts our SP to a more realistic level. Then return to Seymore and continue drilling/ proving up the project. I got into ADV for the lithium and feel more than ever that we have a viable project on our hands but understand the need to control the purse strings. Pickle lake has some really good historic drill results and gold is flying at the moment. So what ever direction the board decide to go , I 'm sure it will be with the shareholders best interest at heart.

Regarding lithium companies with similar tonnage to ADV, I was looking at Frontier Mining listed on the TSX.v ( Canadian exchange) they have a market cap nearly ten times that of ADV. I mention them as they are in the roughly in the same area in Canada as ADV. Our market cap at the moment is a complete joke for what we have a present, it does not even come close to fair value. Then take into account the potential that our tenements hold and it really is way undervalued.

All imo and DYOR

Mention of other stocks are for comparison purposes only and in no way are intended to cross promote.

Expand

Cue the excuses. Now it's the traders.

Your commentary on Seymour v Pickles is laughable.

I honestly don't believe you know how to calculate fair value. For what ADV has spent and what they have delivered in all the years since they started, their SP is exactly where our belongs. At some point, the potential (your opinion and kry investment criterion) has to be realised. Potential only lasts so long. After that, it's failure.

ADV may prove to be a decent trading stock. I own stock for that purpose.

ADV Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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Ann: Substantial Increase in Mineral Resources at Seymour Lake, page-15

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