CSI, huge area play: ADNT.pk, 0.17, Ardent Mines Misty Hills is A Great location and right next to Just 500m to Colossus Minerals
https://colossusminerals.com/projects/serra_pelada/
ADNT, gold, some dd and expectations:
It was as High as $5.75 in 2011 with huge gold properties.
Shares Structure
Total Shares Outstanding: 16,013,000
Insiders holding: around 11 m shares (from high $5.75 to
.17, Vast gap down)
Trading float: 5,338,980
Extremely low S/O and float. (Never done R/S).
It did 500k shares financing at $3.85 in Sept. 2011.
Its gold properties are circling Anglo American's (AAL.L, mkt. values: $3 trillion) and Yamana's (NYSE: AUY, $15) and Colossus Minerals (T: CSI ) gold properties. Once its gold reserves are proved, it'll be huge!
Target: $10, see analysis:
https://www.investrend.com/ADNT-Initial.pdf
Expectations:
1. Going back to
.4-
.5 (the 1st gap to be filled);
2. Going back to $2's in the 1st quarter (the 2nd gap) when it starts gold drilling;
3. Going back to $3-$5 in 2nd/3rd quarters when it's finishing drilling.
As ADNT CEO said: "new significant discoveries are still suggesting an enormous potential to be explored, as proven recently by the successful reassessment of the nearby Serra Pelada gold deposit made by Colossus Minerals. Initial exploration works and previous informal mining activity that include shallow shafts and galleries clearly indicate that this specific property has excellent potential for gold and copper."
ADNT will be an amazing gold value investments!