ADV 0.00% 16.5¢ ardiden ltd

Meh. After reading all the negative comments regarding this debt...

  1. 3,568 Posts.
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    Meh. After reading all the negative comments regarding this debt facility, I still tend to think this isn’t as bad as some are proposing.

    It has been implied over and over in previous announcements that ADV are trying to ‘fast track’ or ‘rapidly’ develop Seymour towards production.

    Therefore this method of credit raising, in my mind, assists exactly that. No more, going cap in hand to Insto’s or Capital firms such as Patterson’s for a measly 1 million here and 2 million there, which I would suggest is in fact a more costly exercise in both fees and time, which is always going to be better spent on the ‘rapidly’ developing part of the process. Plus the two or three CR’s a year plays havoc with the share price...continually making a bit of ground only to see it retreat again when and Insto’s receive their discounted shares/options and then sell them hard into a drifting share price.

    So once again...in my mind, this latest facility removes all of this. Even the options are to be issued at a premium from today’s pricing.

    Lots of drilling and further exploring is scheduled for the next 12 months...both lithium and gold...and now no need to waste time and money with cap raises in the near term.


    GLTAH
 
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