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0.00% 0.4¢ adelong gold limited

Ann: IPO of Cosmo Newbery Gold Project, page-57

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  1. nguyendz
    898 Posts.
    lightbulb Created with Sketch. 90
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    27/08/20
    15:29
    Post #: 46871269
    This IPO is good for share holder, but add nothing to DDD as a business, nor secure needed fund to Adelong project.
    I guess they went to market for fund, the banker like Cosmo more than Adelong, willing to give money to Cosmo, not Adelong.
    Not to add negative to a share I own, but I just cannot understand.
    There are many other options: farm out, sell the project, royalty, partnership, etc. Why IPO?
    The directors will collect their fee and options either way.
    DDD Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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