Hi @midastouch0707, I think it would be a spectacular improvement if ADG made an unexpected announcement that they'd secured $15M in project funding & a couple of drilling rigs were on their way to the Cosmo tenements to start drilling. As far as I'm aware Cosmo have identified some initial drill targets & prepared a regional work program, however the execution of any site drilling activities is dependant on whether or not the Company finds the necessary cash via a liquidity event (e.g. back-door listing on the ASX / Merger / Acquisition).
Regarding your comment about "Adelong and Brazil pie-in-the-sky stuff"....the new MD (Ian Holland) has confirmed that the Adelong project is a "vision" & he's aiming to leverage his past work experience on other projects to turn ADG's production vision into reality...
Considering there's been zero site drilling at Adelong during the past (12) months & zero site drilling on the Cosmo tenements since ADG received the Mining Entry Permit a few years ago in May 2021, it seems to suggest (at this stage & in the context of ADG's lack-lustre performance to date) that a gold production reality will remain elusive (difficult to achieve).
ADG Price at posting:
0.4¢ Sentiment: None Disclosure: Held
