ADV 4.00% 13.0¢ ardiden ltd

As a once optomistic holder, then jaded seller, and now detached...

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. 709 Posts.
    lightbulb Created with Sketch. 81
    As a once optomistic holder, then jaded seller, and now detached observer who pops in to check progress every now and then (I would still like to see genuine retail holders get their rewards),,, I read the announcement and can only see Brad's track record growing longer and longer of promising to add value to shareholders, but barely a cent spent has amounted to a reward for the average holder.

    Seymour has been "fast tracked" for what is now turning into years, resource extension drilling has been going on forever, but can anyone see a light at the end of that tunnel for reward? Seymour is now a footnote at the bottom of their gold project announcements.
    The main takeaway, "They are looking for ways to add value for shareholders",
    but the share price shows that the market needs to see more than what ADV has served up over the past year.
    Where will money be spent over the next 6 to 12 Months? On more drill holes into a gold project which aleady has extensive previous drilling..
    Do they plan a feasibilty study, scoping study? Who knows.
    They just want to add value to shareholders.
    It's an aimless persuit that gets a few insiders rich on the pumps and sucks more people in on the way down...

    I would love to get back in to ADV if I started to see something other than the unfocused acquisition and drilling that seems to go on forever, but they haven't peoven yet that they can direct efforts and money to genuine outcomes that increase the companies value and warrent a genuine rerate..

    I do wish everyone good luck, but as holders, especially any still holding from early lithium days, this stuff needs to be asked of management at general meetings... Otberwise they can go on forever taking paycheques and performance bonuses while using the markets money to drill and drill at a pace that is anything but 'fast tracked',with no timelines of clear direction of even what they want out of these projects..
 
watchlist Created with Sketch. Add ADV (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.005(4.00%)
Mkt cap ! $8.439M
Open High Low Value Volume
13.0¢ 14.0¢ 13.0¢ $39.56K 288.4K

Buyers (Bids)

No. Vol. Price($)
2 138461 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 60853 2
View Market Depth
Last trade - 15.19pm 21/11/2024 (20 minute delay) ?
ADV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.