ADV 0.00% 13.5¢ ardiden ltd

Ann: Notice of General Meeting/Proxy Form, page-4

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  1. 4,626 Posts.
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    so incorrect FutureFlyer. AVD shareholders were given preference in the IPO at 25 cents (now GT1 75 cents). ADV still owns 20% of GT1 and is free carried, plus ADV got 3.5m in cash, is due another similar payment and then still holds GT1 shares worth approx. $7mn. The raise that came after of around $7m was to aggressively drill the very prospective gold assets in Canada (and still hold lithium exposure and shares in GT1). So at a $34m market cap we have approx. $10m cash, $7m worth of GT1 shares, 20% free carry, and a massive gold exploration program underway. Market will wake up on this gem soon. It has massive bag potential if you read where the Canadian land is, and who is running the exploration.
 
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