ADV 0.00% 13.5¢ ardiden ltd

Ann: Trading Halt, page-21

  1. 1,345 Posts.
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    Your comment might hold some validity if ADV was indeed going around simply acquiring tenements and looking to find something they can mine.

    Thankfully, the truth is not as you misrepresent it.
    ADV are defining a JORC for Seymour, with continued drilling and JORCing on Wisa and Bold to come (as per company announcements). They have entered into an agreement to mine Lithium in Seymour, and we are to expect augmentations to this as they increase the JORC in Seymour.

    ADV have always been a company that has planned well ahead, and we're the better for it.

    Whilst you may have some understanding of the mining process (which I do not), you don't seem to have a similar grasp with the actual business side of running a business.

    Acquiring further tenements to develop is akin to Apple undertaking R&D for their next game-changer product. I would be unhappy with ADV if they did not do this.

    Please keep the focus - ADV will JORC Seymour, obtain the permits / approvals required to mine, and then start selling the stuff.
    In parallel they will continue to explore, and JORCify their other tenements whilst exploring further value-add developments for the next 3-5 years (of which I'm assuming this will be one).
 
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