Lithium related news, page-11

Hi Waterblunt, 

I have no problem with open debate, In-fact I welcome it. I have not clicked on the reply button to your last post to respond to it. The reason for this is that I do want to debate ADV with you and  do not want to take the risk of our  discussion being moderated. The use of  acronyms that imply profanity can lead to this..

So in response, 

I am a shareholder in ADV and have monies invested in it as you rightly point out, I am not overjoyed about the level of the SP and will admit that the chart is looking very sick. However their are lots of positives and there are 2 main negatives. The first main negative is as you keep pointing out is lack of an economical resource or as I call it lack of Quantum. The other negative is the perceived issue with Yantai , which I don't think you have mentioned. 

Yantai signed a Term Sheet agreement on the 28 June 2017 , you can check out the full ANN. on their web site. Under conditions of the term sheet it states the following ; 'Term is for one year unless otherwise agreed to be extended'. So the year is up and  people are  rightly wondering about its status. My take on it was that there are on going discussions to extend the agreement and that we would be notified when this occurred. Just before the agreement ended in may ADV raised $6.1 m and 3 large  holders appeared on the registry, did this have an impact  on the agreement  with Yantai?  Not sure if it did but can only guess at possible scenarios. So when the last AGM notice appeared with no mention of Yantai I was rightly concerned and did contact ADV's office to seek clarification of this issue and as I have posted on hotcopper Brad advised me that their was no change to the relationship . So that would appear to settle that issue.I did ask Brad to put out a statement confirming this  and he said  that he would try and do so by attaching a note to the next set of drilling results which are due soon. 

So they are the negatives as I see them, the positives are we are well funded, increased our tenements, really good quality lithium, experienced lithium staff appointed , tier 1 mining friendly country, transport corridor sorted out, on going discussions with indigenous community. They are drilling and have funds for the next 5 Quarters  so no CR for a while. I do see real value at these levels. 

I await the next drill results and hope that the YANTAI issue is addressed as well. Once this issue is addressed by the company , I feel that the only thing holding us back Is Quantum.

I will not reread or proof read this post so apology's for any errors in text/ spelling. Must fly , bills to pay.  

All imo and DYOR