ADG 14.3% 0.4¢ adelong gold limited

Ann: ADELONG GOLDFIELD AND COSMO GOLD IPO PROGRESS, page-36

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  1. 350 Posts.
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    From my experience, timing is essential for a consolidation otherwise with a reduced number of SOI and lackluster announcements including unfavorable macro/micro drivers, the SP can drop disastrously quickly & you have 10-30x less shares to boot.

    However, 3D Resources is in a unique position compared to other speculative mining explorers, especially when you consider that they are in the gold space with current political, economic & societal macro factors. Additionally, they have the mullock heaps (near-term revenue to minimize CR's), they're selling off other projects (same), a plan & an EPCM that supports the project (wants shares as payment) to upgrade the on-site plant in an efficient & cost-effective manner, a compliant JORC resource and drill results to come with a genuine potential to expand the JORC resource further on the various tenements (ref Fridayme & Scarpa's historic research). If the aforementioned is favorable, IMO, it will create at a minimum, a stable base for a consolidated share price.

    All IMO & Just my 0.6 cents.
    Last edited by Burlzey: 04/11/20
 
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