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Just informed by our premier that Albo was the real deal !!!!!!

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golden6

11,487 Posts.

671

01/05/22

21:07

Post #: 61134363
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Originally posted by Malaga: ↑

Nothing wrong with sitting on sidelines with a bag of cash. We still have the sell in May and go away gang, then the tax loss selling in June as well as unknown unknowns.
Due to circumstances I have just bought a few that may come good in 2-3 months.
ADV meets my selection criteria for a good hold.
Recent CR $ 7.5 mill in cash recent raise at 1.3 no options
Not just one trick pony ADV has 20% plus shares in Lithium Company GT1
Previous problems. Drilling permit delay, poor results from last assays
Good ground Gold in Canada along strike from Barrick Gold and Evolution. Massive acreage.
Low number of shares NO 2.6 billion tradable but lot of liquidity.
News flow. ADV has recent drill assays from Esker area, nd of May more drilling till end of year.
Undervalued. ADV has market cap $40 mill. Has $7.5 mil cash plus $13-15 million in GTI tradable shares. Has JV with GT1 market cap $230 mil ADV 20% so $50 mill stake in GT1 plus $20 mill cash
negative EV of around $30 mill.
Current trading around 1.4c 1-5 cents GT1 stake alone 3- 4 cents and with Gold drilling results to flow for next 6 months Bargain.
Not tipping in comp yet as could base for another month or two.

PS about WA opening up does not make much difference we just want othersiders to come here work and buy our Real Estate.

4230 mil

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Just informed by our premier that Albo was the real deal !!!!!!
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Just informed by our premier that Albo was the real deal !!!!!!

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