ADG 0.00% 0.7¢ adelong gold limited

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  1. 1,684 Posts.
    lightbulb Created with Sketch. 690
    @midastouch0707, when the cash numbers in the Dec'22 quarterly & half-yearly report are available, no doubt they'll provided a reasonable signal of how quickly things are progressing toward (or steering away from) insolvency. At this stage it seems unlikely ADG is trading insolvent.
  2. 4,395 Posts.
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    That’s a bit of sensationalism, they just raised some cash, management can take shares in lieu of cash for a time to conserve money while they sort out the near future.
    The quarterly should give future guidance so we need to wait for that.
 
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