Ardiden Ltd (ASX:ADV)
A$ 0.135 -0.005 (-3.57%) Market Cap: 8.75 Mil Enterprise Value: -2.66 Mil PE Ratio: 0 PB Ratio: 0.27 GF Score: 30/100

Ardiden Ltd Share Cafe Small Cap Hidden Gems Webinar Transcript

May 13, 2022 / 02:30AM GMT
Release Date Price: A$0.515999
Rob Longley
Ardiden Ltd. - Managing Director & CEO

What we're showing here are the four main components of Ardiden, which is a really strong cash position of over $7 million in the March quarter. We've got the Pickle Lake Gold project, which is our core focus where we're actually investing all of our time and money. And it's a massive gold project; I'm going to focus on that in a few slides of this presentation.

We also have a 20% ownership of a project in Ontario and lithium [supply chain] projects. It's a joint venture with GTM who listed last November and doing amazingly well. And as part of that deal, we received 30 million shares in a company as well, separate to the joint venture and separate to the project, 20% ownership. So that has a value of about $10 million as of this morning. So they are the four components that make up Ardiden.

And what I'm going to trying to get across today is a value proposition for those that, as Tim said, there's volatility in market. Some things are overpriced and some are underpriced. And we think that Ardiden arithmetically is really

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