ADG 0.00% 0.4¢ adelong gold limited

eg below 10aug buy. 20aug buy. 3sep buy ((1000000 × 0.006) +...

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    eg below


    10aug buy. 20aug buy. 3sep buy
    ((1000000 × 0.006) + (300000 × 0.007) + (500000 × 0.005))÷ 18000000

    = $0.0058 ( or 0.58c) average buy

    profit = 1800000 x ($0.0058 - $0.008) where 0.008 is the current market sp.

    take out or add more parcels accordingly.

    in general averaging up will keep your profits the same until the makret sp moves up or down.

    hope that helps buddy.
 
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