Cue the excuses. Now it's the traders.Your commentary on Seymour...

First 15 Last

Share
Profile

Follow
You3OAte

2,983 Posts.

356

07/03/19

09:34

Post #: 37680863
Share

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
1 Upvote

1 Great analysis

Reply

Top Stories

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 16 more messages in this thread...

First 15 Last

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

No.	Vol.	Price($)
3	3201255	0.003
21	33473529	0.002
10	17528549	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	12395196	16
0.005	6855445	11
0.006	6847500	13
0.007	3792287	8
0.008	6107932	8

Last trade - 14.43pm 22/11/2024 (20 minute delay)

ADV (ASX) Chart

Cue the excuses. Now it's the traders.Your commentary on Seymour...

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Scientific conference spotlights PYC's work on blindness disease treatment

Buyers (Bids)

Sellers (Offers)