Hope is why people invest, but I don't disagree with your sentiment, as I held back then too and got out long ago, but still follow.
(Brad Boyle was that his name?)
I would guess it trades below cash reserves because they have a 10 year track record of spending every cent they have on corporate costs and a few drill rigs a year with no return of value to investors.
There probably are valuable assests in the ground, but ADV have no track record of strategically proving anything genuinally worthwhile up, it's in tough country which is difficult for drill rigs and hard to access for parts of the year, and not really any end point in sight where drilling becomes resource becomes offtake becomes funding.
Hope for a mega strike that wipes the markets memory and causes a huge spike so everyone can get out and make a lot of money. It can happen so I won't degrade anyone for trying either. But this was a tough hold even in the early lithium boom when they could spin a great lithium story, and looks to have been a tougher hold since.
- Forums
- ASX - By Stock
- Ann: Corporate Update Receipt of $3.5M Withholding Tax
Hope is why people invest, but I don't disagree with your...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADV (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.69M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.5¢ | $6.548K | 42.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 87835 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 2070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 87835 | 0.155 |
2 | 32792 | 0.150 |
2 | 36500 | 0.145 |
3 | 97142 | 0.140 |
3 | 53068 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 2070 | 2 |
0.170 | 14554 | 2 |
0.175 | 123613 | 3 |
0.180 | 3388 | 1 |
0.185 | 45000 | 1 |
Last trade - 14.59pm 13/05/2024 (20 minute delay) ? |
Featured News
ADV (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online