I agree @CJTJ, if ADG unexpectedly make a new spectacular gold discovery things might be more inclined to improve in a sustained positive trend rather than the fleeting pump-n-dump SP trajectory. It really didn't take long for the SP to plummet from the recent high of 2.6 cents to the CR price of 1.2 cents.
At this stage the Market continues to remain understandably sceptical about ADG's ability to deliver on their mine development & gold production ambitions especially when considering the long list of previous mine owners (over the past 40 years) that attempted to make a go of the Adelong mine but for one reason or another were unable to establish a successful & profitable operation.
ADG's recent results for Gibraltar were encouraging but still only indicative of 'future potential' until they've obtained the necessary regulatory approvals & project funding to upgrade the plant & execute their open pit mine development strategy.
Only time will tell.
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I agree @CJTJ, if ADG unexpectedly make a new spectacular gold...
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Open | High | Low | Value | Volume |
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16 | 50384166 | 0.002 |
13 | 86655000 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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