ADG 0.00% 0.4¢ adelong gold limited

Hi @playwithfire, if they end-up running seminars on how not to...

  1. 1,654 Posts.
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    Hi @playwithfire, if they end-up running seminars on how not to run a company (after being de-listed of course), perhaps they could copy-n-paste some commentary from their Cosmo annual report & capitalise the letters to use as the main theme for their seminars...

    "TIME AND FUNDING CONSTRAINTS...HAVE DELAYED AND LIMITED THE INTENDED EXPLORATION..."

    Looks like management are getting desperate to sell Cosmo. Only $11k cash at the end of FY23 & total liabilities of more than $2M.

    At this stage there's an excellent probability that ADG's Brazil play will end up going in the same (or similar) direction as Cosmo & Adelong.

    Miracles required IMO.

    https://hotcopper.com.au/data/attachments/5765/5765505-5df1711b981ed83dc22eb1b1e849b979.jpg
    https://hotcopper.com.au/data/attachments/5765/5765508-64e4ce966604be81e861993d2e3ba465.jpg

    Last edited by GravityWaves: 26/11/23
 
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