$125k cash injection from the recent entitlements CR & cash outflow of a few hundred thousand in the Dec'22 quarter for Gibraltar drilling / lab assays / CR & administration costs etc. There was $590k cash at the end of the Sep'22 quarter so probably something substantially less than $590k in the ADG coffers at the end of the Dec'22 quarter. Sub $590k isn't much to service ADG / Cosmo Gold financial support, or buy much drilling during the Mar'23 - May'23 drilling season at Adelong.
The cap raise frequency appears to be every 2nd quarter (averaged over the past 12 quarters) but I wouldn't be surprised if Management need to initiate an emergency CR during the next couple of months.
I suspect the probability of ADG delaying (or suspending) their business strategy has increased a bit since the flavour of the entitlement CR shortfall numbers were announced last month. Management desperately need to secure a suitable JVA with a cashed-up entity & a progressive $20M+ funding injection. Assuming a JVA doesn't eventuate during 2023, it won't be any surprise if ADG delivers a similar amount of lean progress as the previous couple of years (or perhaps something less due to prevailing cash constraints).
- Forums
- ASX - By Stock
- STOP PRESS
$125k cash injection from the recent entitlements CR & cash...
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.589M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $87.02K | 17.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 12633000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 528459 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 12633000 | 0.004 |
41 | 33196384 | 0.003 |
12 | 42680000 | 0.002 |
13 | 142355000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 528459 | 2 |
0.006 | 9541000 | 9 |
0.007 | 8853301 | 9 |
0.008 | 9647112 | 6 |
0.009 | 6655712 | 7 |
Last trade - 15.35pm 27/08/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online