ADG 0.00% 0.4¢ adelong gold limited

Hi @ad0, there might be a chance (albeit slim) for a near-term...

  1. 1,654 Posts.
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    Hi @ad0, there might be a chance (albeit slim) for a near-term upside with the latest CR offering if things play out similar to the previous SPP (chronically under-subscribed) back in Jan'23 when the CR shortfall shares where placed at a premium prior to the release of some reasonable drilling results & the shortfall participants pumped the SP hard from $0.007 to $0.025 on 17/01/23 (before rapidly deflating the next day).

    Regarding ADG's SOI growth rate...it appears to be on a rough (and steep) track heading towards another share consolidation in around 12-18 months time.

    Unfortunately nothing mentioned in the CR announcement about any planned drilling at Adelong for the Mar'24 quarter & probably unlikely (at this stage) that management will fulfil their previous Q1 2024 drilling ambitions referenced in their ASX announcements dated 27/11/23 & 17/01/24. Perhaps a modest drilling campaign at Adelong sometime during the Jun'24 quarter (or maybe sometime much later e.g. summer 2025 smile.png).
    Last edited by GravityWaves: 06/03/24
 
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