ADG 0.00% 0.4¢ adelong gold limited

Hi @ad0, I suspect any future decision to sell Cosmo and / or...

  1. 1,654 Posts.
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    Hi @ad0, I suspect any future decision to sell Cosmo and / or Adelong will be influenced by ADG's ability (or inability) to keep raising survival cash.

    • Not enough cash available for ADG to drill in Dec'23, so they've extended their existing 7+ month drilling hiatus for some distance into 2024.

    • Not enough cash available for ADG to transfer into the Cosmo coffers, so the Cosmo directors have decided to take a break from paying themselves.

    Perhaps another share consolidation sometime during the next year or two (if they fail to make any spectacular discoveries)...

    https://hotcopper.com.au/data/attachments/5828/5828712-4511f92c9932a77830cc833b2010e714.jpg

    Cheers smile.png
    GW
    Last edited by GravityWaves: 18/12/23
 
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