ADG 0.00% 0.4¢ adelong gold limited

Ann: Update - Consolidation/Split - DDD, page-20

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  1. 1,738 Posts.
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    Management might not be doing much (or achieving anything that increases value for shareholders) however, it's either survival CR's & diluting shareholders into oblivion or DDD go down the Administration gurgler.

    Seems likely there'll be further progress delays / impediments going forward. No doubt there'll be more spin & BS from management about plant upgrade & gold production expectations by 2024. $20m project funding seems much less likely to happen in the context of growing financial difficulties facing global Markets in the near-term.

    Then there's the Adelong weather. DDD have struggled to make good use of the limited window of opportunities for any modest drilling campaigns & it's difficult to imagine a thriving open pit operation during the Adelong rainy season throughout winter & spring.

    Market Cap tells the DDD story (and so will the next CR) unfortunately frown.png
 
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Mkt cap ! $4.471M
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0.4¢ 0.4¢ 0.4¢ $12.89K 3.222M

Buyers (Bids)

No. Vol. Price($)
28 18829431 0.4¢
 

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Price($) Vol. No.
0.5¢ 7057025 8
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