Australia's largest stock trading and investment forum Australia's #1 stock forum

ADG

Click for more information

12.5%

0.7¢ adelong gold limited

I knew I shouldn't have thrown out that Annual Report. However I...

First 7 Last

Share
Profile

Follow
ad0

235 Posts.

28

15/04/24

13:45

Post #: 73349747
Share

Originally posted by GravityWaves: ↑

Hi @ad0, according to the Cosmo Annual Report, work completed during the 2023 year didn't include any drilling (refer below extract). The Cosmo Annual Report also mentions that at the end of Jun'23 there was only $11,083 cash remaining (which isn't enough for drilling) & directors had decided to put their fees on hold to preserve cash (which is a good indicator for zero drilling).

The ADG FY24 half yearly report showed that the loan to Cosmo had grown by $50,000 & is sitting at $1.489M.

$50k flowing from the ADG coffers into the Cosmo coffers (during the 6 months from Jul-Dec'23) doesn't seem enough for drilling activities...but it might be enough to cover some of the deferred Cosmo Directors fees IMO.

Expand

I knew I shouldn't have thrown out that Annual Report. However I think, given its contents and the value for money we have been getting, it was the right decision.

ADG Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

There are more pages in this discussion • 53 more messages in this thread...

First 7 Last

Add ADG (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $7.826M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.7¢	$209.0K	26.53M

Buyers (Bids)

No.	Vol.	Price($)
18	9214459	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	7360000	9

View Market Depth

No.	Vol.	Price($)
18	9214459	0.007
18	15095027	0.006
20	12136000	0.005
23	29787681	0.004
34	36014718	0.003

Price($)	Vol.	No.
0.008	7360000	9
0.009	7804299	13
0.010	10205519	12
0.011	5083333	6
0.012	3914818	7

Last trade - 16.10pm 19/06/2024 (20 minute delay)

ADG (ASX) Chart

SPONSORED BY