Hi @midastouch0707, how's things?Looking at the latest...

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GravityWaves

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14/11/23

11:38

Post #: 70887486
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Originally posted by midastouch0707: ↑

Attention all the investors contemplating investing in Adelong future projects.

It has become apparent and obvious this company would never achieve traction with any future projects.

The chair needs to resign forthwith. I would be proposing a motion for a non-confidence vote, in regard to Ian Hasting as the chair.

As an investor I would not be bullied or coerced in to signing an NDA/GAG order. Hastings has tried this action before in the court and most recently last week in person which he failed.

I would appreciate feedback through Hot Cooper Commenters your thoughts regarding the current situation.

Again Adelong is chasing more shadows in South America at the expenses of the investors.
It appears to me it is all smoke and mirrors.

What say you@GravityWaves?

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Hi @midastouch0707, how's things?

Looking at the latest announcement from ADG it appears Ian Hastings has re-positioned himself as executive chair while Peter Mitchell has decided it's in his best interests to vacate the position of managing director.

IMO, the likelihood of ADG or Cosmo delivering a positive return on investment for long-suffering retail shareholders is somewhere between slim to none. Investment miracles sometimes happen with struggling micro-caps but seems unlikely ADG / Cosmo will deliver the discovery miracles needed to rescue their ailing share price.

I'm yet to receive a hardcopy of the Cosmo Gold annual report in the mail. Perhaps they've run of of cash for envelopes & stamps, or just can't be bothered.

Still holding ADG stock but anticipate claiming a capital loss at some stage to offset some tax obligations on profits from other stocks.

Cheers
GW

ADG Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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