ADG 0.00% 0.7¢ adelong gold limited

Ann: 3D Resources Progresses Strategic Review, page-105

  1. 177 Posts.
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    - I believe there's been a lot of sampling undertaken on the mullock heaps so should be able to cherry-pick.
    - they had identified sites to process tailings within transportation distance, so even with costs it should be economically viable. The sticking point was CIL as there isn't one on-site and I think I read somewhere that one nearby was in C&M. Hopefully, this provides early cash flow and removes any need to raise additional capital.
    - negotiations to get drills on-site were progressing, one of the earlier announcements said they were targeting a campaign to commence in June so that's a bit behind schedule.
    - The company has appointed a mining manager from the previous regime, even with the border restriction there should still be movement at the station.

    I'm using this lull to accumulate, as previous posters have alluded to, once the stars align we should push north of 1 cent.
 
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