The company is priced as if it has spent loads of cash to find no lithium. It is priced as if it has bought thousands of hectares of tenements that contain every element on the periodic table but is not valuable enough to even poke one drill hole. It is priced as if management promise one thing and deliver another. It is priced as if another CR is around the corner when they blow what ever remains in the piggy back.
Other than that, ADV is a ready to launch.
I will bet, that any new lithium drill results will do absolutely nothing to the long term share price. A temporary blip maybe but that's it. Why? Because all the drilling to date suggests a very scratchy deposit. There is no evidence to suggest this will change. Over time, and as drill results get released, one can intuitively get a feel for the "richness" of a deposit, i.e. good grades, good intercepts, shallow. The last drill results were ok, but all previous results for Seymour were horrible. The sandpit resource that they have taken nearly three years to define, and spent countless millions, is the result. The snail-like pace that Seymour is being progressed at this stage is confirmation, in my eyes anyway, that ADV management are not particularly impressed with what Seymour has delivered to date. To say this will change is not a reasonable assessment. It's wishful thinking.
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