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 at Vertical Events RIU Resurgence Conference Transcript

Nov 24, 2022 / 03:45AM GMT
Release Date Price: A$0.386999
Wally Graham
- Analyst

Hi and welcome to the Resources Roadhouse. I'm Wally Graham. I am at the RIU Resurgence conference in Perth where I caught up with Haydn Daxter, who's Exploration Manager of Ardiden.

Haydn welcome to the Roadhouse, it's good to see you.

Haydn Daxter
Ardiden - Exploration Manager

Yeah, likewise Wally. Thanks very much.

Wally Graham
- Analyst

No worries. Okay, so added in now --.

Alright, let's see where we are. You've been doing a lot of drilling and you're in a great position financially as far as being a junior explorer guy, let's cover all those bases.

Haydn Daxter
Ardiden - Exploration Manager

No problem. So recently we farmed out and sold the remaining 20% of our lithium asset to Green Technology. So that's going to see us earn up to $16 million. And we still retain 13 million shares in GT1, which has a value at the moment of $14 million. So with a bit of cash, we had left in the bank we were sitting in a comfortable

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