ADG 33.3% 0.4¢ adelong gold limited

@CJTJ, the plant upgrade & production won't happen in 2023. The...

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    @CJTJ, the plant upgrade & production won't happen in 2023. The focus is on drilling...

    https://hotcopper.com.au/data/attachments/5027/5027759-7dfcbd07e004e3e4f0856873fc14f684.jpg

    • Progress will be similar to last year with 2 or 3 modest drilling campaigns & assays to follow 6 - 10 weeks later.
    • Not much will happen on site during the winter & spring months.
    • ADG will keep Cosmo Gold on financial life support.
    • The next cap raise (for survival purposes) will likely be sometime in the June or Sept quarter.

    I agree, a global recession in 2023 will probably improve the gold price.
 
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