ADV is not super desperate for cash and they should be able to...

ADV is not super desperate for cash and they should be able to hold on longer after drilling news. Often this kind of CR before drilling news are to get close friends or some smart money set. The fact that directors subscribe for $100K shares and placement is over subscribed highlights this.
Now the market is obviously wobbly atm, there is always investors that are scared and some will jump the board because of the placement. Gold is doing well recently though, and lithium will continue to be hot.
Patience is everything, we don't know what share price will be in six months time, but we do know that there will be full of news from ADV and JV parnter GT1 on the lithium exploration through out the H1 2022. There will be many liquidation event to sell the shares on some positive news.