ADG 33.3% 0.4¢ adelong gold limited

Hi @CJTJ, looking at the announcement from 07/11/22 it appears...

  1. 1,652 Posts.
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    Hi @CJTJ, looking at the announcement from 07/11/22 it appears ADG's focus is on exploration...
    https://hotcopper.com.au/data/attachments/4968/4968589-01074e41991145fda405a8c30e0cca26.jpg

    The scope & degree of exploration aggression will no doubt depend on at least four things (but probably more)...
    • ADG having the necessary cash to spend on drilling.
    • The availability of drilling equipment.
    • Suitable weather & ground conditions for drilling.
    • Avoiding the insolvency gurgler.

    It remains to be seen how things unfold. Low liquidity doesn't seem to be the best start for ADG in 2023.
 
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