MC Components:

Just a few snapshots of some of ADV's Market Cap. components

Ardiden continue to have exposure to GT1 and itslithium assets through its ownership of ~13.0m shares in GT1, representing5.14% of the shares on issue. The GT1 shares held by Ardiden have a marketvalue of A$10.8 million, as at close of business on 21 October 2022. Commentingon the Transaction, Ardiden Chair, Bruce McFadzean, said:

So, consider:

1. the GT1 proceeds of $16 + $2.5 = $18.5 million

2. Still hldg 5.14% of GT1 which has appreciated somewhat recently = $267.8 x 5.14% = $13.37 million

This equates to $31.87 million & ADV's Market Cap. is $21.34 million.

= approx. $10 million in excess of Market Capital at present?

Then consider:
3. ADV's Gold reserves yet to be fully understood?

4. Lithium likely has several years undersupply trying to catch up to demand.

So, considering HC posters disappointment at the proceeds from letting 20% of GT1 go for less than we'd expect considering the market enthusiasm for Lithium, perhaps ADV has more to offer than we currently expect?

Can ADV regain past highs?:



Looking forward to hearing what comes from the upcoming AGM!