ADV 4.00% 13.0¢ ardiden ltd

Yeah, according to some, the company should have continued to...

  1. 2,290 Posts.
    lightbulb Created with Sketch. 2769
    Yeah, according to some, the company should have continued to pursue their Lithium project while the Lithium price receded - now that is real intelligent management that shareholders would applaud.

    Contrary to what Waterblunt wants you to think, it is not such a great leap from the Lithium project at Seymour Lake to acquiring the current land holding that constitutes the "Pickle Lake Gold Project - 664 sqkm" (Kasagiminnis, West Pickle, South Limb, New Patricia prospects).

    1) Both projects are in Canada.
    2) Both projects are being managed by the same exploration manager and geologist based in Canada - Daniel Grabiec.

    With the Canadian gold space heating up, it was only logical for Ardiden to move into the gold space while the Lithium price is in the duldrums - they're an exploration company, they explore for natural resources. Colour me surprised.

    Like @Steadygrowth stated, Rob Longley in particular was brought in as Managing director to further their gold prospects.

    Rob was appointed Chief Executive Officer of Ardiden on 1 May 2019 and has played a significant role in consolidating the company’s assets, forming alliances with strategic partners in the area,and progressing Ardiden’s gold growth strategy.

    https://newsnreleases.com/2020/02/03/rob-longley-appointed-managing-director-of-ardiden-limited/

    The only relevance to shareholders now is the Pickle Lake Gold project, particularly with the success of Auteco. The drill bit will be the deciding factor here, not whether they were involved in Lithium at one stage or the supposed timing of trading halts.

    As far as Rob is concerned, he is an experienced geologist who has commissioned projects and commands 33 years of experience.

    From the 2007 Sundance Resources (SDL) presentation:

    https://hotcopper.com.au/data/attachments/2259/2259256-e6cb4d0b237d7810456d0e81f2b83776.jpg

    Last edited by VatreniHR: 29/06/20
 
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