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0.4¢ adelong gold limited

"May get some exciting results, but might not shift SP given the...

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ad0

225 Posts.

24

22/09/23

15:02

Post #: 69981173
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Originally posted by ad0: ↑

I'm totally unsurprised by the response.

My main question: what does this do to the Adelong plans? Drilling, resource upgrade, finance, approvals. There's meant to be some cashflow from production to fund Adelong expansion drilling. And that porphyry in Gibraltar.

But this is obviously much more lucrative... if they shift focus to this, it will be CR after CR and lots of time. May get some exciting results though... but still won't help the Adelong project except for less dilution when they raise for Adelong drilling.

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"May get some exciting results, but might not shift SP given the company's history"

They need to deliver something material (not just drilling) to get some credibility IMO, which may give the market more confidence.

ADG Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $4.472M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$96	24K

Buyers (Bids)

No.	Vol.	Price($)
17	35487761	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	18828198	18

View Market Depth

No.	Vol.	Price($)
17	35487761	0.004
36	29579722	0.003
10	52333666	0.002
9	97805000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	18828198	18
0.006	12523687	9
0.007	2426818	4
0.008	5526777	3
0.009	2155000	3

Last trade - 10.00am 04/06/2024 (20 minute delay)


Last 0.4¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.4¢	0.4¢		0.4¢	27214
Last updated 12.14pm 04/06/2024 ?

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