Adriatic Metals Share Discussion Threads

[swanvesta] 04/12/2023 12:46

The case is still open, but it seems to be something internal to the EBRD. There is still active opposition though, on twitter and elsewhere. Paul Cronin seems to have been doing a good job there. Beyond the call of duty.

Here's a recent article, which seems fairly balanced:


But I hope this paragraph is either wrong or the issue dealt with:

"In light of the allegations, the office of the legally binding Bern Convention asks the government of Bosnia and Herzegovina to halt mining activities for the time being until the matter is cleared up. The government is asked to file an official report to the Bern Convention in order to clarify if the mine is endangering biodiversity."

[the count of monte_cristo] 03/12/2023 13:45

Looks like it never came to anything, the world needs 100s of these new mines this decade. No green revolution without them, no ev's, no wind turbines...this mine is also going to signifcantly improve the lives of a lot of people. I am an environmentalist, but also a realist.

[swanvesta] 01/12/2023 11:51

1.9m x 166.8 at 10:32.

What's the view on the unresolved environmental case?

[the count of monte_cristo] 01/12/2023 09:58

Odd share price reaction today, pms all up. Nice long term hold this into a pm bull run.

[the count of monte_cristo] 30/11/2023 01:42

All looking great!

Adriatic Metals speaks to Proactive at Resourcing Tomorrow 2023

[the count of monte_cristo] 29/11/2023 14:52

Indeed, and I intend to be imvested for years. Pretty much just you and me posting about ADT1 anyway, I can manage the board.

[pob69] 29/11/2023 13:38

Paul Cronin at Mines and Money in London.

Interesting to see he is thinking about what and where next. "My work will be done (in Bosnia) in 18 months". I spoke to him at the event and it will be an interesting 2024 for him and the company but, whatever, he deserves a long holiday Q1 24/25!



No need to ask me about creating BBs though curation is a responsibility for years rather than months!

[the count of monte_cristo] 29/11/2023 09:40

Added a few more

[the count of monte_cristo] 28/11/2023 05:32

New, actively managed, thread set up for ADT1.

[the count of monte_cristo] 28/11/2023 05:31

!YOUTUBEVIDEO:XoNTfG-Bpuw:








Article from the Economist:

[the count of monte_cristo] 28/11/2023 01:47

pob69, bought it. Would you like me to set up a new thread, one which is more informative and managed?

[the count of monte_cristo] 25/11/2023 00:10

Thanks for sharing, not currently a holder but looking to get exposure to this soon.

[pob69] 15/11/2023 19:36

Rick Rule is "very high" on company. He's a "Large shareholder" as discussed during this extensive interview on silver stocks.

[mwv1] 13/10/2023 11:19

Does this mean mining resource update next week?

As an explorer and developer of precious metals with projects in Bosnia and Serbia, how would you describe the regulatory and legislative conditions for mining at present?

Generally speaking, you see a positive trend towards focusing less on merely extraction and transportation of materials, and more on having an overview of the environmental, social and health impacts of mining. I think legislation should also involve regulations on how to be transparent about such information. Ultimately what is necessary is to turn the mining industry into a level playing field, and for that, global uniformity on standards is needed, for which cooperation with governments is required. But today there are several factors contributing to a protectionist attitude from governments. For instance, the de-globalization trend brought about by the Trump era, the total breakdown of supply chains during Covid-19, and now the upsurge of geopolitical conflicts affecting supply chains.

Presently it is the financial services sector that is pushing through the transformation.





The environmental obligations pressed on my company by the banks far exceed what is required from me by the government, including climate agreements, procedures on energy sourcing, carbon footprint regulations—all the way to the supply chain. This involvement of the financial sector will affect how mining assets are developed.



Directly pertinent for us is the new Critical Raw Materials Act released by the European Union, which is an astonishing piece of protectionist legislation advancing a requirement on member states to produce a certain percentage within the bloc, or within countries politically aligned with it. If you try to do that in Australia, my home country, you will receive significant pushback, but in Europe, governments have a very high environmental standard which they hold people accountable for.

So you think there is a future for exploration in Europe?

If you do exploration in Africa, an investor will require 1000% return, since only one in 1500 mineral deposits is turned into a mine: even if you find a 1% nickel deposit, it will probably be located very remotely, involve difficulties around insufficient water, or excess of it, lack of infrastructure, and so on. In Europe, conversely, the infrastructure is excellent—you are always near a powerline, a water-source, etc.—you have availability to historical data, you have mining schools, and, generally, a culture that promotes exploration of mineral deposits. However, information is not sufficiently centralized. By contrast, in Australia information is highly centralized—ranging from a note from 1850 mentioning a lost deposit, to complex present-day geo-physical data. If Europe can organize itself and centralize information across the bloc, it would be an absolute dream for explorers.

How does your company carry out its explorations?

In Bosnia, we did extensive biodiversity surveys, water-testing, air quality testing, evaluated health records, taxation systems—to see where local communities receive their funding from. It cost us £8 million. We designed our project around not what the community was, but what it wanted to be. You gradually yet systematically design the project relative to the aspirations of the community, while still keeping it economically viable. The crucial questions then are: how do I gain a social license? How do I get the people in these little towns and villages to trust that I am doing the right thing? And that is a function of time, integrity and transparency. You must be open and honest with people, allow yourself to be criticized, to ensure that the way you interact with communities is mutually beneficial and sustainable in the long-term.

Is the ESG compliance that you endorse something you see in all jurisdictions?

Unfortunately, there are certain jurisdictions that turn a blind eye to ESG. Mining companies from China, for instance, extract and exploit no matter the cost. The Western, but also the South American, approaches are better, because the standards are higher. But, if you are a big Chinese conglomerate looking at the evolution of the industry, you will inevitably be incentivized to clean up your act too, otherwise you will lose your customer base. What we are seeing is a generational change for the better which will cause the trust that people have for mining to grow.

Why should a potential investor be excited about mines in Bosnia and Serbia?

Both Serbia and Bosnia sit on the northern part of the Tethyan mineral belt, which extends all the way from central Asia. Even back in the Roman times there was active mining here—particularly for bronze and iron. But recently, in the Yugoslav period, activity stopped because the budgets were not there. Nowadays, and into the future, we think there is huge potential in Bosnia and Serbia. Tomorrow we are putting out an update to our mineral resource system, which will show that this is a global top deposit which can compete with the major players. The region also has potential because of the possibility to supply the entire European market with low carbon primary materials like silver, zinc, and others.

Due to developments in high velocity electric vehicle charging, we will see the demand for silver soaring in Europe. Silver is the most conductive metal known to man, and is also incredibly malleable. Silver then is key to the transition in electrification. There just needs to be some evolution in the regulation to reach more uniformity concerning environmental and community impact in the Balkans.

[mwv1] 19/9/2023 07:30

Not a lot new in the corporate presentation, as you would expect. A few bits around turing the new resource into a reserve.
Increased Mineral Resources Point to Material Lift in Reserves
• ADT has historically converted 77% of Indicated Resources into Probable Reserves
• Expectation of higher conversion ratio given consistent geometry of Rupice Northwest
discovery
• Applying 75-85% conversion ratio gives an indicative range of 13.7-15.6Mt in reserves
• At an 800,000 tonne/year milling rate, potential to extend Rupice’s mine life to 20 years
• Increase was accomplished with just 38km of drilling & only constrained by current
licence boundary, implying further meaningful upside potential
• 93% increase in Indicated Mineral Resources points to the potential to extend Vares' mine
life by a similar amount, with an updated Ore Reserve study underway

New presentation indicates they are stepping up the meetings with institutional investors prior to mine start up as was planned for September / October.

Still waiting to see if they will progress the direct shipping opportunity to further acelerate cash flow.

[pob69] 07/9/2023 10:12

Behind a paywall - a buy recommendation

"Adriatic Metals on the cusp of big cash flow so buy now"

[pob69] 07/9/2023 08:26

This whole 70 min interview with one of the great resource investors Warren Gilman of Queens Road Capital, an investor of Adriatic, is frankly a fascinating must watch.

He mentions Adriatic specifically at 59mins

[pob69] 05/9/2023 19:20

Paul Cronin has tweeted "the Adriatic Way" to this article so it mut have some ADT content though I don't have access to this "opportunity Knocks in the Balkans" article to find out?

[pob69] 04/9/2023 08:35

Paul Cronin 30 min Market Bull podcast interview from last week

[troc1958] 21/8/2023 10:36

Welcome!ADT has had a great run recently from 2.8aud to 4.0aud over the last 6 months. The share price may pull back a bit prior to (and post) commissioning in Sept, but long term prospects are excellent.What I found very encouraging is they raised 30million at 3.3aud, which was at a substantial discount to vwap, and the upward movement of the share price hardly faltered. Very seldom does the "market" react positively to a discounted fundraising. Happy to continue holding.

[hiddendepths] 17/8/2023 11:24

Well pob, I'm sure you're onto a winner here and I have belatedly jumped in. I like the imminence of Vares production and I think the site visit for analysts and investors on 11th October will kick off recognition of the company by a wider audience.

I'll add more as and when funds permit.

[pob69] 17/8/2023 11:05

Another video interview (proactive investor) with Paul Cronin after new results.

4 rigs in total (2 in virgin territory) and he's very encouraged unsurprisingly. 700 people on site (!) and on track for commissioning at end of Sept.