"What's the Adelong Project really worth at this stage?"
I think that's a good question @playwithfire. I had a look at some of the sale history of the Adelong project over the past couple of decades & the numbers vary...
July 2000 : Adelong Consolidated Gold Mines (AEG) sold the Adelong Project for $750k
April 2007 : Golden Cross Resources (GCR) sold the Adelong Project for $3M
Jan 2011 : Tasman Goldfields (TGX) sold the Adelong Project for $1.75M
Jan 2020 : Macquarie Gold Ltd (Liquidators) sold the Adelong Project for $1.41M
If the Adelong mine was put up for sale in its current state, I think potential buyers would be looking to pay $1.5M (or less).
STOP PRESS, page-12
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Change
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Mkt cap ! $4.471M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $23 | 5.849K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 24920857 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7253101 | 10 |
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