ADV 3.33% 14.5¢ ardiden ltd

I can understand there is some disgruntled holders, I was one of...

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  1. 2,756 Posts.
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    I can understand there is some disgruntled holders, I was one of them. Was the lithium asset well managed, that is a matter of opinion. But, its done and ADV still has a stake in the asset with another company taking on the risk to bring it to market.

    As for getting drill rigs on the ground, the last two years have been exceptionally difficult with first nations and governments lock outs with Covid 19. This is no fault of management, disappointing for Share Holders, most definitely. But not being able to engage with stake holders, access land, unable to deploy drill rigs, country wide lock outs etc, there really wasnt much management could do.

    Now most of that is in the rear view, we have gained more land, permits are getting approved, drill rigs are turning, CRs over subscribed and Lithium JV progressing, its just a matter of trial and error finding the gold. It is an exploration company and nothing is guaranteed, hence this stock is extremely high risk, but if you can handle volatility, the risk could pay of ten fold or more.

    It's a buy in my books for a exploration company in a low risk jurisdiction.
 
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Last
14.5¢
Change
-0.005(3.33%)
Mkt cap ! $9.065M
Open High Low Value Volume
15.0¢ 15.0¢ 14.5¢ $5.442K 37.53K

Buyers (Bids)

No. Vol. Price($)
1 6473 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 36786 2
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Last trade - 15.14pm 01/11/2024 (20 minute delay) ?
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