ADU 0.00% 71.5¢ adamus resources limited

What slowed up ADU was the September placement of approximately...

  1. 261 Posts.
    What slowed up ADU was the September placement of approximately 30mil shares at $0.55cents. The upside of the placement is that it has plenty of funding for expanding resource whilst it leads in to the production category.
    I dont think the market really anticipated the placement however it was snapped up and now ADU can focus on production while the exploratory guys have plenty to go on with increasing the resource.
    This could follow a few other African goldies to the $3 mark very quickly with its cost basis and production.
 
watchlist Created with Sketch. Add ADU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.