Australia's largest stock trading and investment forum Australia's #1 stock forum

ADG

Click for more information

0.00%

0.5¢ adelong gold limited

Ann: Adelong raises $500,000 to progress Gold & Lithium projects, page-23

First 23 Last

Share
Profile

Follow
asx11

3,994 Posts.

427

05/12/23

18:25

Post #: 71286792
Share

Originally posted by GravityWaves: ↑

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.

Expand

Anotherpunter asked why you hold, any reason you ignored his question?

ADG Price at posting: 0.5¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

There are more pages in this discussion • 1 more message in this thread...

First 23 Last

Add ADG (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.589M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$47	9.303K

Buyers (Bids)

No.	Vol.	Price($)
3	41596	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	6286004	10

View Market Depth

No.	Vol.	Price($)
3	41596	0.005
20	14017577	0.004
34	16571548	0.003
10	38960000	0.002
11	69055001	0.001

Price($)	Vol.	No.
0.006	6286004	10
0.007	9186635	5
0.008	5500000	4
0.009	5194444	4
0.010	4588410	7

Last trade - 15.54pm 13/11/2024 (20 minute delay)

ADG (ASX) Chart