For a variety of reasons I suspect the offer price in the next CR (sometime in 2023) will be much lower than $0.008.
At this stage I'm inclined to think that spending cash on Black Friday sales (i.e. retail therapy) would produce much better feelings that throwing more cash onto the ADG pyre.
Cosmo Gold owes ADG $1.25m (which is due to be re-paid by 31/12/22 according to the Annual report) but it looks like things are heading in the general direction of a debt-for-equity swap (in a non-performing company) which usually never ends well.
For a variety of reasons I suspect the offer price in the next...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $3.882M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $424 | 116.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 23908060 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16926626 | 17 |
View Market Depth
| Last trade - 11.09am 03/05/2024 (20 minute delay) ? |
| ADG (ASX) Chart |