ADV 0.00% 13.5¢ ardiden ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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  1. 1,950 Posts.
    lightbulb Created with Sketch. 1012
    So they have 2 quarters of funding left.. after selling our main asset the lithium project instead of just drilling it!
    https://hotcopper.com.au/data/attachments/5440/5440228-70d2786db18d0cce653604d7641b0f75.jpg

    the market cap of this company really is just over $6 (justifiably) as 9 mil of that is cash
    https://hotcopper.com.au/data/attachments/5440/5440238-763a6a25932f8b5aa60db73713d28af5.jpg

    and of course our main asset which was always the lithium project, which they gave away for a few million bucks (instead of simply drilling it) to line there own pockets with free shares -
    https://hotcopper.com.au/data/attachments/5440/5440253-214f9d50b3e32827003f85c4464d9c17.jpg
    Yep.. $187m that is basically how much money was stolen from ADV holders by management.

    well done team.. in you.. we trust
    Last edited by deedee33: 20/07/23
 
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