Well its necessary to make shareholders aware of the divestment, so it has to be announced. It may not be as exciting as mining results or the IPO, but having cash on hand is good and I think most would agree that putting more focus into Adelong is the right move, rather than spreading ourselves too thin, so this is a positive result IMO. The extra capital also reduces the amount required to be raised for the plant upgrade and other capex, reducing further shareholder dilution, as mentioned above.
Ann: 3D Resources to divest Non-Core Copper Project, page-5
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.030M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.6K | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 19933630 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4657025 | 7 |
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| Last trade - 14.59pm 25/09/2024 (20 minute delay) ? |
| ADG (ASX) Chart |