ADG 0.00% 0.6¢ adelong gold limited

Ann: Director Appointment / Resignation, page-26

  1. 1,681 Posts.
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    @Swingsnroundabouts it appears the $0.009 sell queue has re-loaded & you can back up your truck to load up.

    After 3.5 years of ownership, a few modest drill campaigns, a preliminary scoping study & a 1:10 share consolidation, ADG looks like they're still a long way from the $15M - $16M they need for their mine development & plant upgrade.

    Perhaps CY2024 will be the year they decide to produce a marketing DVD in hopes of securing a suitable JV with a cashed-up entity, or if that doesn't materialize, keep drilling (on a lean budget) for another couple of years & then sell the mine for something between $1.2M - $1.8M (similar to one of the previous owners TGX)...

    https://hotcopper.com.au/data/attachments/5438/5438573-82aa8376b1a4591f98e146a55143f518.jpg
    https://hotcopper.com.au/data/attachments/5438/5438579-c71bd3881d4daf60894b1dc9c243ed2f.jpg

 
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