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ADG

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0.4¢ adelong gold limited

To be fair, ‘near term production’ was announced in 2020z market...

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BenTom1990

121 Posts.

38

06/09/22

20:53

Post #: 63552438
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Originally posted by GravityWaves: ↑

@maxcap200 regardless of the flavour of the announcements over the past (18) months, the Market remains very sceptical about what DDD have said they can achieve in terms of future production & revenue. DDD themselves highlighted a few aspects of uncertainty on page (1) of the Initial Scoping Study with the words..."there is no certainty...that the Production Target or the preliminary economic assessment will be realized".

Some catalysts that might lift the SP (if they somehow manage to magically materialize)...

Low-interest project loan for $15million - $20million with reasonable T & C's & that doesn't involve crazy amounts of share dilution. Probably unlikely to happen in the current economic climate.
An amazing bonanza-grade (near-surface) gold discovery. It's not an impossibility however, no amazing gold discoveries have occurred at Adelong during the past 100 years, so probably unlikely to happen for DDD with their modest 2km - 3km of exploration drilling per year. But then again, you never know, amazing gold discoveries are always unexpected when they do happen.

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To be fair, ‘near term production’ was announced in 2020z

market saw the truth.

before people ask why I’m here if my status is ‘sell’ it’s because I’m trying to. Sell order at 0.002. Im sure after another month ill take the total loss at 0.001 but since im resigned to that fate may as well throw a Hail Mary.
DDD Price at posting: 0.2¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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