ADV 0.00% 12.5¢ ardiden ltd

Ann: Term Sheet to Fund, Design and Build Lithium Facility, page-77

  1. 10,449 Posts.
    lightbulb Created with Sketch. 1044
    I think it will go somewhere but very slowly. As I mentioned at top stocks and u note, market looks at st viability and lt viability. It makes business sense to jorc a small area of high confidence and also have step out drills to extend. This would give a good amount of indicated and a nice inferred to fund for significant mineral resource expansion. This was the aim to get a 5 mt of high grade low depthwhich would then enable near term mining but also show the market that the short term viability can translate to lt viability and ultimate significant roi. The problem has been the nature of the deposit means it is inconsistent and modelling it with confidence is extremely difficult. It doesn't mean the lithium is not there but more drilling is required over a larger area to achieve the strategy and objectives. Now adv has adapted the strategy - it has reduced the st tonnage to still stick to ebable cashflow within the shortest timeframe and more importantly gain funding to expand resource. The cr was designed to expand drilling at seymour to get the jorc and show the potential. This is what I am waiting for and I guarantee so is the market - what potential extension is there. The lack of connection to central Aubry was an annoyance and maybe more drilling is required to investigate this. Extensions are a key - not as many drills required but critical to exhibit the potential. Otherwise the market just rates it on the smalldeposit at hand which is not going to attract funds when many other pmays on the market. Gxy , taw and pls are safer players that have retraced significantly but are close to production with mine life of at least 10 years of 1 mt or mor more. Tawana was punished recently for a below par resource .
    Resource pitential and then grades (as long as not below 1) is what gets the market interested to significantly affect the sp. metallurgy and other factors are important but will not cause the same excitement unless tonnage is attached. It is just the way the market works. Otherwise it is the long way around akin to taw where the so gets treated slowly as things are ticked off whereas the pls move was significant based on the immense potential to be a monster. These milestones are important. So today is positive. However there are still sellers abound - it is difficult to predict capping as the sole reason as we have large parcels at 1.4. A capper aiming to accumulate will never show their hand. They will also shift their sales as it approaches close to being hit. This is not happening. Hence I don't believe this is any more complicated than genuine buyers trying to buy and sellers, be it from the cr it just exhausted holders selling out. Let us see who is buying and selling by viewing transactions.
    Hi @accaeric can I please, if you havr time, get your help here to ascertain who is selling and buying this stock to determine whether instos are involved? Gratitude in advance.
 
watchlist Created with Sketch. Add ADV (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
0.000(0.00%)
Mkt cap ! $7.814M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $7.311K 58.18K

Buyers (Bids)

No. Vol. Price($)
2 127649 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 31266 3
View Market Depth
Last trade - 13.50pm 18/09/2024 (20 minute delay) ?
ADV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.