Around this time last year ADG directors were taking up their entitlements in the Dec'22 CR. Entitlements CR was heavily undersubscribed with only 11% shareholder participation & 89% subscription shortfall. Shortfall was placed at a premium & the shortfall participants did a fantastic job pumping the SP from $0.007 to $0.025 when Gibraltar results were announced on the 17/01/23. The SP pump abruptly ended the next day & the SP made it's way back to $0.005 / $0.006 during the 11 months that followed.
Whether or not the directors kicking in their own money turns out to be a good sign (i.e. future drastic SP improvement associated with exploration success) remains to be seen. Market is sceptical about ADG's ability to deliver spectacular exploration results / $15M - $16M project funding to develop the mine at Adelong / navigate persistent lean liquidity circumstances without becoming insolvent.
- Forums
- ASX - By Stock
- ADG
- Ann: Adelong raises $500,000 to progress Gold & Lithium projects
Ann: Adelong raises $500,000 to progress Gold & Lithium projects, page-21
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADG (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $5.589M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $2.008K | 433.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 10545012 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6552133 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 10545012 | 0.004 |
39 | 32196384 | 0.003 |
14 | 44440000 | 0.002 |
13 | 142355000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6552133 | 11 |
0.006 | 9091000 | 6 |
0.007 | 7853301 | 8 |
0.008 | 9343820 | 5 |
0.009 | 2130156 | 7 |
Last trade - 11.33am 26/08/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |