ADD 16.7% 0.3¢ adavale resources limited

Research Thread, page-154

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    •Market cap only 20M
    •Less than 290 Million SOI
    •No debt, 1.8M in the kitty
    •Drilling spinning by the end of June
    •Acquired, 1145m2, excluding the pending Ruiza application.
    •Acquired BHP's data, saving us millions & years of time.
    •Have a quality management team in place including experienced add on’s, Nickel specialists Dave Dodd, Gavin Selfe & Steven Burke Steven Burke.
    •Exercisable options on the 10 day Vwap 0.12c adding an additional $1M.
    •A team with 30 years in country experience.
    •Management being paid in shares. (anyone heard of any other company’s doing this to save on capital costs?)
    •Management buying on Market.
    •Management incentives @ 10c SP
    •Ausbil a Billion $ fund participated at the last raise @4C
    •RAAR capital top 20, Alan Ritchie our CEO is the CEO of Raar.
    •Peter Proksa Top 10


    I might need to update this thread this weekend, however just want to reinforce the previous details courtesy of @gift.

    Now throw in pre-drill results to date and the latest announcements showing underground structuring and you really have to ask yourself how excellent the risk/reward is with ADD (nice form similarities to Kabanga Main, I might add).

    GLTA
 
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