Yes, they can divest @asx11.
Divestment of non-core assets (i.e. projects that went nowhere) is one of ADG's survival strategies...
- 2011 :Manganese project - (West Timor)
- 2011 :Southern Kalimantan Coal project - (Indonesia)
- 2012 :Halls Creek Copper JV project with Cazaly Resources - (Kimberley region W.A)
- 2013 :Mt Egerton Goldfields project - (Victoria Australia)
- 2013 :Tatu Coal project - (New Zealand)
- 2017 :Morne Bossa & Grand Bois Gold project - (Haiti)
At this stage it appears increasingly likely that Cosmo Gold & Adelong Gold will both be added to ADG's project divestment list sometime in the not-too-distant future. Perhaps the increasing probability of project divestment (as a result of persistent liquidity issues) was a contributing reasons why the managing director (Peter Mitchell) resigned not long ago. Just a guess.
Yes, they can divest @asx11.Divestment of non-core assets (i.e....
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Mkt cap ! $3.241M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $615 | 204.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 35 | 24522059 | 0.3¢ |
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| Price($) | Vol. | No. |
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| 0.4¢ | 15366298 | 14 |
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| Last trade - 10.50am 08/05/2024 (20 minute delay) ? |
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| 0.4¢ | 0.4¢ | 0.4¢ | 100000 | ||
| Last updated 10.42am 08/05/2024 ? | |||||
| ADG (ASX) Chart |