Adriatic Metals Share Discussion Threads

[74tom] 08/3/2024 12:14

It's always nice to see a project make it to production without any major problems, however the key question now is whether they can scale production whilst keeping costs in line with plan.

If they have any hiccups in the short term scale up then shares will get taken to the cleaners (a la pure gold and many other miners who haven't been able to replicate DFS plans)

However, if they can reach name plate capacity on budget then this will be a strong buy - current FY25 FCF forecasts are for $227m, so it's trading at ~3x next years estimated cash flow.

Loads of caveats obviously apply, however it's on the watchlist and future quarterly reports / RNS's will be of great interest.

[pob69] 08/3/2024 10:52

Comprehensive article

[stevenlondon3] 06/3/2024 18:30

The market cap is £498m (268m shares in issue) the computer is giving the market cap in Aussie dollars i think. Nevertheless I have not seen any forecasts.

[mjneish] 06/3/2024 17:20

Someone who just has a quick look at this company (e.g. myself) will see a market cap. of just short of £1 billion and no revenue.

Are there any figures available as to how revenue is expected to ramp up from now on? The current price already carries a fair bit of optimism. Thank you.

[the count of monte_cristo] 06/3/2024 14:56

Lovely stuff.

[pob69] 06/3/2024 10:34

Adriatic Metals CEO Paul Cronin Discusses Europe's New Metals Mine on Sky News

[pob69] 06/3/2024 10:31

Grand opening of Vares project

[the count of monte_cristo] 04/3/2024 21:07

Delayed reaction, it will move.

[0x3f] 04/3/2024 19:17

It looks like they're giving up an 8.5% coupon, so they must be expecting the shares to outperform in the near future. Good sign everything is going to plan.

[0x3f] 04/3/2024 18:52

It's not moving with silver, however...

Interesting RNS regarding Queens Road Capital converting their bonds to equity. Taking their equity seat for the price run up? I'm guessing this explains the recent weakness.

[the count of monte_cristo] 04/3/2024 15:21

Yes, looking good. Silver could really move.

[aim999] 04/3/2024 14:16

Or silver blows .... Will make this go like crazy

[0x3f] 04/3/2024 12:21

Why? The catalyst for immediate price action passed last week with very muted reaction. Next one I can think of is first sale of concentrate, so end of month? Maybe we just get a gradual rise.

Are you expecting anything else? I know we're due drill results, so that could be a positive. I suspect that they might be good.

[aim999] 03/3/2024 08:22

Should get more interesting here this week

[aim999] 28/2/2024 10:04

It is the first step....

[0x3f] 28/2/2024 10:00

First concentrate produced and price hasn't reacted much, yet.

[aim999] 27/2/2024 10:41

Production hopefully isn't far away....should be some price action in march once we get confirmation

[the count of monte_cristo] 29/1/2024 11:07

Huge volume, so seems more than just a rebalance between the Fridays LSE close and todays ASX open.

[the count of monte_cristo] 29/1/2024 10:55

Hmm, takeover potential?

[aim999] 29/1/2024 07:23

This has gone gangbusters on the ASX today +13% and 2m share's bought in the closing auction..... something afoot

[the count of monte_cristo] 27/1/2024 03:03

Thanks for sharing.

[pob69] 25/1/2024 09:51

Berenberg cuts Adriatic Metals price target to 240 (250) pence - 'buy'

hxxps://www.morningstar.co.uk/uk/news/AN_1706173837176349900/london-broker-ratings-jpmorgan-raises-admiral-group-to-neutral.aspx

[pob69] 25/1/2024 09:47

Paul Cronin 5 min interview

[mwv1] 24/1/2024 15:21

Not great news another month to production and a slower ramp up, but brokers seem happy

[stevenlondon3] 24/1/2024 07:32

Frustrating that there is a further delay but not surprising. Assuming production starts this quarter for me the question is can the cash start rolling in to cover on going production costs?