Adriatic Metals Share Discussion Threads

[hazl] 21/7/2021 07:47

To qualify for trading on the OTCQX, the Company must meet high financial standards, follow best practice in corporate governance and demonstrate compliance with applicable securities laws.

[hazl] 21/7/2021 07:05

Adriatic Metals PLC Adriatic Upgrades to the OTCQX

[hazl] 20/7/2021 15:17

Yes mining shares disappointing at the moment,but we al l know that can change at the drop of a hat!

[pob69] 19/7/2021 15:12

Tamesis update on news

"...We believe the award of this final Exploitation License should provide major catalysts for the share price which is trading on an extreme discount to the NPV of the Vares operation (Rupice and Veovaca) where commissioning is due to start next year. "

"...Management has done a remarkable job ...in four years

"...The Vares project, to our knowledge, is the third highest grade polymetallic (mainly silver and gold) ore body in the world (which in turn means it will operate well within the lowest cost quartile globally i.e. it is always going to generate a lot of cash).

As such we see our price target of 248p on the conservative end of the spectrum."

[pob69] 19/7/2021 13:57

Sprott update following permitting news - maintain BUY rating and
A$3.30/sh PT ahead of potential improvements coming in the DFS.

"..2H21 is shaping up to be very exciting with DFS and funding expected in succession (plus regional drilling), all of which should de-risk the
asset, with the exploitation and DFS the last steps to also open the door to M&A."

sprott.com/media/4126/210719-scp-adt-exploitation.pdf

[0x3f] 19/7/2021 09:50

Info was good. Permit received. Lets see if the bid info works out...

[0x3f] 16/7/2021 16:35

No, can't get much on the name. I've found a Sun Chase that appear to be a US based family office, but don't think its the same company.

Profile does have a Sun Chase Capital logo, which might suggest it does exist...

[pob69] 16/7/2021 16:25

Thanks for signposting to that tweet 0x3F.



Would like this to be real but I cannot find any additional online presence relating to the poster or that company out of HK?

Any ideas?

[0x3f] 16/7/2021 16:05

@BergmanStian, CIO, Sun Chase Cap. Asia:

"An offer is coming without a doubt, Permits will be signed today & issued on Monday night & then it’s game on as the career risk of investing in Bosnia evaporates & offers start to come in before DFS later this month. Financing DD in london put $ADT $ADT.AX on a lot of radars."

"A very good source, but I think it’s pretty well known among large $ADT holders. Actual issuance Monday, so Mondays UK session could be interesting."

-0x3F

[pob69] 16/7/2021 11:43

Interesting summary from US based Massif Capital whose Real Asset Strategy Fund is a global long/short equity strategy built around bottom-up stock picking, focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

"...Increased our holding in Adriatic Metals (ADT), doubling our position size from 3% to 6%. ADT is an Australian-listed junior miner currently developing a polymetallic silver mine in Bosnia Herzegovina and a zinc mine in Serbia. As the firm advances its projects, both have improved their long-term potential and have de-risked the assets disproportionally to the stock price move.

The business is fully funded through to a final investment decision, and we expect to receive the definitive feasibility study and news on financing in the next few months. Their polymetallic silver project could see construction complete by Q4 2022, with a ramp-up in production in early 2023. The present value of cash flows from that asset alone is worth roughly a billion USD relative to a current market cap of USD 370 million. ADT appreciated ~38% from our initial purchase price at the time we added to it, but increased daily liquidity and encouraging reports out of their underground mine plan presented us with an excellent opportunity to increase our position with a block of stock that offers a better risk-adjusted return, in our estimation, then our first purchase."

[pob69] 16/7/2021 08:26

This is a more comprehensive write up of the president's visit. The market hasn't yet picked up that Paul Cronin stated;

"...now received confirmation that we have met all the legal requirements for other permits that are needed and we hope they will be issued soon"

"... so all the necessary permits have met all legal requirements, otherwise it would not be here today"

Ultimately, this project is the largest in the Balkans, and the goal is to open a lead, zinc and barite mine, which is expected at the end of 2022.

[hazl] 16/7/2021 07:43

Great update and importantly....



'This is a transformational year for the Vares Silver Project and we look forward to the completion of the Definitive Feasibility Study within a matter of weeks."

[hazl] 15/7/2021 08:56

Metals generally seem to be going through a bit of a lull at the moment.
I did get rid of a few in anticipation, but I like this one.
It is a poly metal which helps in my opinion and seems to have a certain quality behind it.

[pob69] 15/7/2021 08:35

Further detail
Bosnia looks to breathe life into ‘zombie’ mines
Rally in commodity prices as a result of the global economic recovery prompts the revival of mothballed operations

A silver mine in Bosnia and Herzegovina that lay derelict during the years of civil strife that gripped the region in the 1990s may soon be revived to benefit from an optimistic price outlook.

Adriatic Metals’ Vares project could resume production by the end of 2022 after a hiatus of more than three decades, according to CEO Paul Cronin.

[pob69] 15/7/2021 08:27

Very interesting read

"....President Marinko Čavara stated today in Vareš that Eastern Mining is a very serious company that takes care of the local community in which it operates.

He pointed out that institutions at all levels of government will make every effort to provide support to the company in the coming period, reports Fena.

Paul Cronin, CEO of Adriatic Metals, which owns Eastern Mining, announced that plans for the plant would be completed in the coming days, the financial framework closed, and construction began in early summer."

[hazl] 12/7/2021 08:17

Well a good start initially.

[hazl] 11/7/2021 19:05

Hopefully another good week.

[hazl] 11/7/2021 11:25

Thanks pob.


'Investment Thesis

Following the recent articles on quality precious metals development companies in Mexico, I wanted to highlight another very attractive company which is not getting a lot of attention. Adriatic Metals (OTCPK:ADMLF) is more of a polymetallic project, but the silver content is reasonably high, and there is a decent portion of gold as well.'


T'he stock is listed in Australia, UK, and on the OTC in the U.S. The liquidity is relatively good in the U.S. compared to some other OTC listing. Adriatic Metals has many of the favorable characteristics we want to see in a quality deposit such as: grade, scale, good NPV, and a reasonably low initial capital cost. The company is also trading at a substantial discount to NPV.'

Thanks Seeking Alpha!

[pob69] 09/7/2021 14:36

US Blog post

Adriatic Metals: A Very Reasonably Priced High-Quality Development

[hazl] 09/7/2021 10:50

I think that it s good that they want the extra shares, so then their holding is not diluted...even if the rest of ours is slightly. 8-)

[hazl] 08/7/2021 13:34

Is it a cup and handle forming?
Any chartists out there?

[hazl] 06/7/2021 15:53

Cobalt exposure since January and the acquisition?

Adriatic Metals* (LON:ADT1) – Exploitation permit granted for ... now have exposure to nickel and cobalt exploration in a favorable jurisdiction.

[hazl] 06/7/2021 14:50

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