ADG 0.00% 0.7¢ adelong gold limited

General Discussion, page-2

  1. 120 Posts.
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    I have a lot of faith in this stock, been a long time holder for a few years
    Personally I don't think they'd consolidate this stock any time soon and I bet management (Ian) learnt the hard lesson when they did so with GLA and they lost half of their stock value. They own a lot of DDD shares, they'd be stupid to consolidate.

    I think many investors forgot we have a substantial gold JORC resource of 180600oz and an existing plant that was operational but is currently being upgraded.
    Current price of gold is $2270 AUD per ounce.
    180600 x $2270 = $409,962,000 AUD.
    Almost half a billion dollar worth of gold sitting under their mines.
    Note that market cap now is only $18M, just a fraction of the real value.
    I often top up when I have extra money as this is still a bargain and I'm good to hold for a few more years

    With Cosmo now dealt with, I believe they will shift the focus back on gold production, especially getting the plant commissioned.

    All the best to us
 
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Mkt cap ! $7.826M
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0.7¢ 0.8¢ 0.7¢ $50.59K 7.196M

Buyers (Bids)

No. Vol. Price($)
17 13152752 0.6¢
 

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Price($) Vol. No.
0.8¢ 6880101 16
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