ADV 7.41% 12.5¢ ardiden ltd

Ann: Thick Spodumene-Bearing Zones Intersected at Seymour Lake, page-8

  1. 271 Posts.
    lightbulb Created with Sketch. 10
    I think this has been orchestrated very well to enhance the capital raising.Announce a CR and then follow up quickly with this very good news.I don't see this as a negative.I will be buying more in the CR if it is open to existing shareholders.To me it shows we have pretty sound management.Their job is to advance the project and ensure they have the funds to do so.I have no problem with the way this has been done - smart business in my opinion. No doubt the share price will pull back a bit as it usually does with a CR but the upside is management will now have the money to progress the two lithium plays quickly ( oh ! and we do have a bit of graphite kicking around somewhere as well)
    Very promising in my opinion.
    Oldcat
 
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