Quick summary on FY23 Annual Report:
- Not a great report.
- More room for improvement added in the last (12) months as a result of things (such as market cap & project funding) not improving in FY23.
- The loan to Cosmo has increased to circa $1.5M and the accounts auditor remains sceptical about loan recoverability.
- No commentary about plant upgrade plans / mine development funding which suggests Adelong will continue as a lean cash / exploration-only project (unless they make a spectacular gold discovery).
- The next round of drilling at Adelong is expected to start late in 2023 so perhaps some new drill results late Jan-Feb 2024 (around the time of the next cap raise IMO).
Quick summary on FY23 Annual Report:Not a great report.More room...
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Mkt cap ! $3.882M | |||
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