ADG 0.00% 0.4¢ adelong gold limited

Ann: Drilling at Swapit Deposit Validates Potential Resource, page-9

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  1. 1,738 Posts.
    lightbulb Created with Sketch. 736
    @playwithfire I suspect ADG are about due for another investor presentation. The next CR won't be far away.

    For the period 11/05/20 - 23/01/23 (i.e. 3 years, 1 month & 10 days) they've raised circa $7.64M & successfully delivered the below milestones:

    • Failed Cosmo IPO
    • 1:10 share consolidation
    • Average / underwhelming drilling results (note: Market isn't impressed)
    • Withering Market Cap & precarious SP
    • A change in project focus from unachievable near-term gold production in 2021 / 2022 to long-term occasional drilling on a skinny budget going forward.


    DDD / ADG Cap Raise History 11/05/23 - 20/06/23
    ...all SP noted below are post-consolidation equivalent...

    11/05/20 :
    $2,161,125 - 3D Resources Completes Placement

    SP @ $0.02

    ...71 days later

    20/07/20 : $275,645 - 3D Resources Completes Replacement options Shortfall

    SP @ $0.05

    ...40 days later

    28/08/20 : $1,225,000 - 3D Resources Completes $1.225M Placement to Accelerate Goldfields Project

    SP @ $0.06

    ...277 days later

    31/05/21 : $1,300,000 - 3D Resources Raises $1.3M to Expedite Activity at Adelong Goldfields NSW

    SP @ $0.05

    ...250 days later

    04/02/22 : $900,000 - 3D Resources Raises $900,000 to Progress Drilling & Finalise Scoping Study at Adelong Goldfields

    SP @ $0.03

    ...146 days later

    29/06/22 : $500,000 - 3D Resources Raises Funds to Finalise First Phase at Adelong Gold Project

    SP @ $0.02

    ...177 days later

    22/12/22 : $125,083 - Notification of Under Subscriptions For Non-Renounceable Rights Issue

    SP @ $0.009

    ...33 days later

    23/01/23 : $ 1,150,000 - Adelong Gold Raises $1.15M via Shortfall Placement and Convertible Note

    SP @ $0.013

    ...@ 20/06/23…149 days since the last CR

    SP @ $0.008 (but looking like it'll be going down further)


    Total Cash raised (11/05/20 – 23/01/23) = $7,636,853 (probably before costs)

    Last edited by GravityWaves: 20/06/23
 
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