ADV 3.70% 13.0¢ ardiden ltd

Ann: Drilling Intersects Higher Grade and Extends Trend, page-16

  1. 6,477 Posts.
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    Grades disappointing - more drilling to come.

    Meanwhile:

    Market Cap. $16.37 Mil

    Cash on Hand June 30th 9.37Mil

    GT1 hldgs 5.14% of $165.6 Mil = $ 8.51 Mil

    At present, ADV financials should allow plenty more drilling - will the cash burn be replaced by improving Gold Assays?

    Looks like early days at present & so much that may or may not eventuate.

    Perhaps it will be GT1 that will create value sooner than Gold!?

    This might be worth reading:

    www.standard.net.au/story/8299531/first-mover-or-fast-follower-mining-in-race-to-adapt/

    The World Dynamics that will impact Lithium perhaps are not fully acknowledged by markets?
 
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