Australia's largest stock trading and investment forum Australia's #1 stock forum

ADV

Click for more information

3.23%

16.0¢ ardiden ltd

good move ?Why so many ADV shares are dumped at new low on the...

First 9 Last

Share
Profile

Follow
pinetree

594 Posts.

17

20/10/23

14:03

Post #: 70450315
Share

Originally posted by Alejandro1: ↑

It is a good move and will bring the SP back to 2011 levels.
This is the nature of exploratory companies. We are so close to $0.001 cents that equity raising becomes very difficult, the SP cannot go lower than that, and if it does the liquidity of the stock will reduce to zero.

Aside from continuing the exploration and potential development of gold assets, this is the best thing the company can do and is in my opinion prudent. Many miners who ought to do the same, haven't. Although equity raising will not be needed for some time (unless management decide on acquisitions), the consolidation makes it a more feasible venture in the future.

In addition, liquidating lithium assets for a sizeable profit was wise. They now have one of the best balance sheets for an exploratory miner that I have seen on the ASX, and I have gone through all of them. Open pit mining remains viable for the tenements they hold, more drilling will reveal more of the unknown.

Expand

good move ?
Why so many ADV shares are dumped at new low on the market now ?

ADV Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 15 more messages in this thread...

First 9 Last

Add ADV (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $10.00M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$41.30K	266.5K

Buyers (Bids)

No.	Vol.	Price($)
2	113136	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	15273	2

View Market Depth

No.	Vol.	Price($)
2	113136	0.155
2	124621	0.145
3	58570	0.140
3	53068	0.135
5	100008	0.130

Price($)	Vol.	No.
0.160	15273	2
0.165	4651	1
0.170	2352	1
0.175	115000	2
0.185	45000	1

Last trade - 15.40pm 15/05/2024 (20 minute delay)

ADV (ASX) Chart

SPONSORED BY