@playwithfire I suspect ADG are about due for another investor presentation. The next CR won't be far away.
For the period 11/05/20 - 23/01/23 (i.e. 3 years, 1 month & 10 days) they've raised circa $7.64M & successfully delivered the below milestones:
- Failed Cosmo IPO
- 1:10 share consolidation
- Average / underwhelming drilling results (note: Market isn't impressed)
- Withering Market Cap & precarious SP
- A change in project focus from unachievable near-term gold production in 2021 / 2022 to long-term occasional drilling on a skinny budget going forward.
DDD / ADG Cap Raise History 11/05/23 - 20/06/23...all SP noted below are post-consolidation equivalent...
11/05/20 : $2,161,125 - 3D Resources Completes PlacementSP @ $0.02
...71 days later…
20/07/20 : $275,645 - 3D Resources Completes Replacement options Shortfall
SP @ $0.05
...40 days later…
28/08/20 : $1,225,000 - 3D Resources Completes $1.225M Placement to Accelerate Goldfields Project
SP @ $0.06
...277 days later…
31/05/21 : $1,300,000 - 3D Resources Raises $1.3M to Expedite Activity at Adelong Goldfields NSW
SP @ $0.05
...250 days later…
04/02/22 : $900,000 - 3D Resources Raises $900,000 to Progress Drilling & Finalise Scoping Study at Adelong Goldfields
SP @ $0.03
...146 days later…
29/06/22 : $500,000 - 3D Resources Raises Funds to Finalise First Phase at Adelong Gold Project
SP @ $0.02
...177 days later…
22/12/22 : $125,083 - Notification of Under Subscriptions For Non-Renounceable Rights Issue
SP @ $0.009
...33 days later…
23/01/23 : $ 1,150,000 - Adelong Gold Raises $1.15M via Shortfall Placement and Convertible Note
SP @ $0.013
...@ 20/06/23…149 days since the last CR…
SP @ $0.008 (but looking like it'll be going down further)
Total Cash raised (11/05/20 – 23/01/23) = $7,636,853 (probably before costs)
- Forums
- ASX - By Stock
- Ann: Drilling at Swapit Deposit Validates Potential Resource
@playwithfire I suspect ADG are about due for another investor...
-
-
- 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
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.912M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $525 | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 36361726 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 5453843 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 36361726 | 0.003 |
14 | 44440000 | 0.002 |
14 | 146355000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5453843 | 9 |
0.005 | 6826512 | 11 |
0.006 | 9091000 | 6 |
0.007 | 7853301 | 8 |
0.008 | 2012233 | 5 |
Last trade - 10.00am 22/08/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |