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0.5¢ adelong gold limited

Something going on.Decent volume.

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Hoodlum

3,614 Posts.

664

31/08/21

12:04

Post #: 55709698
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Originally posted by gimimani: ↑

A combination of a few different things is what is keeping the price where it is.

Investors not having patience and thinking they can make a dollar quicker somewhere else is one of the major factors. Tends to be a viscous cycle where they get in, the price doesn't move for a few months and then they exit, keeping the price in that .004 to .006 range.

Another major factor is progress/announcements. We have been seeing some good announcements which unfortunately on their own aren't going to do much for the share price. Until we have a few more boxes ticked like a confirmed timeline for the plant upgrade, start plucking the good stuff out of the ground, the share price will be doing much of the same. That's when we can expect an announcement of positive drilling results to see the share price reach for the sky.

IMO a great opportunity for LT investors to accumulate while it is still this cheap.

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Something going on.

Decent volume.

DDD Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.589M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$756	151.2K

Buyers (Bids)

No.	Vol.	Price($)
26	17187857	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	2651530	6

View Market Depth

No.	Vol.	Price($)
26	17187857	0.004
34	30759719	0.003
8	39700000	0.002
10	88555000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	2651530	6
0.006	9161000	9
0.007	7186635	8
0.008	10709612	8
0.009	6655712	7

Last trade - 10.51am 04/09/2024 (20 minute delay)

ADG (ASX) Chart