ADG 33.3% 0.4¢ adelong gold limited

@midastouch0707, as far as I can see nothing has happened to...

  1. 1,652 Posts.
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    @midastouch0707, as far as I can see nothing has happened to Cosmo Gold (i.e. stuck somewhere going nowhere).

    According to the Cosmo Gold FY22 annual report...

    • The loss of the Company for the financial year amounted to : ($233,930)
    • Cash & Cash Equivalents @ 30/06/22 : $51,123
    • Unsecured liabilities (Trade & Other Payables) @ 30/06/22 : ($339,778)
    • Borrowings (Loan - Adelong Gold Limited) @30/06/22 : ($1,250,000)
    • Cosmo is supposed to repay $1,250,000 to ADG by the 31/12/22.
    • The last sentence on pg.2 of the Cosmo annual report says "The Company will resume efforts to seek a listing on the ASX".

    Whether or not ADG finds enough cash to keep Cosmo Gold alive (on financial life support), only time will tell.
    Last edited by GravityWaves: 29/12/22
 
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