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14.3%

0.4¢ adelong gold limited

Interesting GW, no likes apart from mine for this informative...

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GT55

4,259 Posts.

1404

04/03/22

08:57

Post #: 59972501
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Originally posted by GravityWaves: ↑

Hi @yoyokhesh, in regard to your point (3), the $3M working capital is additional funds required after $11M is spent upgrading the plant.

So, the funds needed to start the project (i.e start mining & processing) is more like $14m - $15m as per the commentary on page (1) of the ASX announcement dated 18/11/21...

As far as I can see, the biggest risk factors appear to be the government approvals. Adelong will remain a 'drill only' project until all the necessary government approvals have been obtained and $15M+ in project funding has been secured....

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Interesting GW, no likes apart from mine for this informative post yet 9 for yo-yos post that’s well short of DYO (proper)R.

DDD Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.4¢		Change 0.001(14.3%)		Mkt cap ! $4.322M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$127	31.65K

Buyers (Bids)

No.	Vol.	Price($)
36	25588059	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	17882982	16

View Market Depth

No.	Vol.	Price($)
36	25588059	0.003
15	49884166	0.002
12	75655000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	17882982	16
0.005	17145212	12
0.006	11738852	10
0.007	2386818	3
0.008	369843	2

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last 0.4¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
0.4¢	0.4¢		0.4¢	1000000
Last updated 15.09pm 10/05/2024 ?

ADG (ASX) Chart