Ann: Proposed Agreement To Settle Cosmo Gold Loan, page-58

@Junhaus11, I suspect @playwithfire anticipates the next CR is likely to be at a 20-30% discount to $0.003, hence his comment "$0.003 is expensive".

Considering the trajectory of ADG's CR offer price history (prior to & following the Oct'22 share consolidation) as well as the broader Market becoming increasingly precarious going forward, I'm inclined to suggest that @playwithfire's comment is reasonable...

11/05/20 : $2,161,125 @ $0.00125 : 3D Resources Completes Placement
20/07/20 : $ 275,645 @ $0.001 : 3D Resources Completes Replacement Shortfall
28/08/20 : $1,225,000 @ $0.005 : 3D Resources Completes $1.225M Placement to Accelerate Goldfields Project
31/05/21 : $1,300,000 @ $0.005 : 3D Resources Raises $1.3M to Expedite Activity at Adelong Goldfields NSW
04/02/22 : $ 900,000 @ $0.003 : 3D Resources Raises $900,000 to Progress Drilling & Finalise Scoping Study at Adelong
29/06/22 : $ 500,000 @ $0.002 : 3D Resources Raises Funds to Finalise First Phase at Adelong Gold Project
13/10/22 : SHARE CONSOLIDATION (1 FOR 10) COMPLETED
22/12/22 : $ 125,083 @ $0.008: Notification of under Subscriptions for Non-Renounceable Rights Issue
23/01/23 : $1,150,000 @ $0.008 : Adelong Gold Raises $1.15M via Shortfall Placement & Convertible Note
27/06/23 : $ 500,000 @ $0.008 : Adelong Gold Raises $500,000 to Complete 2023 Drilling Program
29/11/23 : $ 500,000 @ $0.006 : Adelong Gold Raises $500,000 to Progress Gold and Lithium projects
06/03/24 : $1.6m @ $0.004 : Adelong to raise up to $1.6million