ADG 0.00% 0.4¢ adelong gold limited

From my experience, timing is essential for a consolidation...

  1. 350 Posts.
    lightbulb Created with Sketch. 249
    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
 
watchlist Created with Sketch. Add ADG (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $4.322M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $8K 2M

Buyers (Bids)

No. Vol. Price($)
38 30388057 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 15185327 20
View Market Depth
Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
0.4¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
0.4¢ 0.4¢ 0.4¢ 31658
Last updated 12.36pm 23/05/2024 ?
ADG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.