Australia's largest stock trading and investment forum Australia's #1 stock forum

ADG

Click for more information

0.00%

0.5¢ adelong gold limited

1c party, page-537

First 537 Last

Share
Profile

Follow
LizzyBee

6,038 Posts.

874

15/10/20

19:01

Post #: 48128093
Share

Originally posted by Fridayme: ↑

What happens if the drilling results are bad?

I had an oil company that shot up to 30% profit from the anticipation of the results. i held until results was out and it was bad, really bad, no oil. there were 7 targets and i thought we would have at least hit one oil deposit but no and the SP dropped to -60%. i had to sell.

The same will happen for any stock if the results is bad especially on this drill for DDD because it setups the foundation for other deposit. if you can't trust the historical data at Donkey Hill and Currajong, then there is doubt on all other deposits.

This has happened to me with XTC which is why i am out of that stock now.

That is why selling out half now can be a good strategy. regardless if the results are bad or not, it will only effect your profits and not your initial investment, so a win-win prospective.

We do have some reassurance that there is gold there from the trial run of the plant with 10,000 tonnes of mullock.

i am hoping the grades from drilling are similar or better than historical data.

Expand

l'd say based on the known but unrecognized data we have very good goldfields, but there's always a chance of failure that's the nature of exploration.
To me the old grades look compelling enough to wait and see.
GLTAH.

DDD Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

EOS

Electro Optic Systems inks 92% revenue growth for 1H CY24

VTM

Victory Metals boasts Australia's largest indicated REE JORC-compliant resource

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 46 more messages in this thread...

First 537 Last

Add ADG (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.589M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$800	160K

Buyers (Bids)

No.	Vol.	Price($)
29	28968546	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	4720733	7

View Market Depth

No.	Vol.	Price($)
29	28968546	0.005
24	24703003	0.004
32	31958053	0.003
7	37950000	0.002
9	76805000	0.001

Price($)	Vol.	No.
0.006	4520733	6
0.007	7811634	12
0.008	5505196	15
0.009	3304110	6
0.010	4022185	8

Last trade - 09.59am 16/07/2024 (20 minute delay)

ADG (ASX) Chart

SPONSORED BY