Adriatic Metals Share Discussion Threads

[davidosh] 17/11/2020 13:14

Just to let you all know that Adriatic Metals will be presenting at our MelloTuesday 'Investing in Gold' webinar next week. Adriatic will be one of four companies taking part and the presentation plus Q&A will be 30 minutes. The event runs from 6pm to 9.30pm and there are some highly respected fund managers, investors and analysts taking part in panel sessions and providing presentations.

We will look at Gold as an asset and how to invest in it covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds and feature a number of presentations



If you would like to attend then use this code for a discounted ticket MTGOLD and the price will be reduced by 66%. All our Mello annual pass holders are able to attend as a bonus event and we expect to have over 400 on this webinar but if you have questions then the presenters always agree to provide answers the next day on our website if they remained unanswered on the evening.

[pob69] 05/11/2020 19:57

New Sprott research - Maintain BUY rating, lift PT from C$3.05/sh to C$3.30/sh

"...We maintain our BUY rating and lift our PT to 0.7xNAV8% A$3.30/sh. We maintain our view that
the company is an attractive M&A target, trading at just 0.41x P/NAV on an undiluted basis."

[pob69] 05/11/2020 08:08

Interesting article from long term shareholder

[pob69] 02/11/2020 11:03

Interesting and peace in our time...

"...Sandfire and Adriatic have also agreed to having the Proceedings dismissed with no order as to costs."

"...Sandfire has agreed to vote in favour of all resolutions at Adriatic's upcoming AGM."

[c0lin1] 02/11/2020 10:46

sandfire update

[pob69] 30/10/2020 07:59

Here's a sponsored article covering the drill results

[c0lin1] 27/10/2020 16:24

thats the 2nd time I have had that mentioned to me. will have to have a look.

[pob69] 27/10/2020 16:01

Thank you. This is a quiet board which I like as it means being an early adopter to the investment case buying in cheaply....

I post on a few mining boards and you can check my posting history by clicking on the arrow by my name.

I am busiest with my multi-year research on Solgold, where the story has a long way to go! Paul Cronin CEO of ADT1 interesting enough won the Mines and Money small cap mining expo CEO of the year, in the year following Nick Mather of Solgold. I've met both and I like the narrative and vision they offer! Follow those with skin the game....

If you like a really interesting Australian story (no UK bulletin board) where Paul Cronin has recently been appointed NED check out Taruga Minerals on the ASX. A short term issue there currently is a good long term buying opportunity but DYOR!

[goodgrief] 27/10/2020 15:54

pob69 is a prodigious contributor to the Solgold board.

[c0lin1] 27/10/2020 15:34

Thanks for all your work on ADT Pobs. Much appreciated.

Dont see you on any other boards so interested to know if you hold any other miners.

[pob69] 27/10/2020 15:04

Real vote of confidence: Eric Rasmussen, EBRD Head of Natural Resources, commented: “We are pleased that the EBRD will become a shareholder in Adriatic Mining. The company’s’ responsible mining operations set a good example for the industry in Bosnia and Herzegovina.”

[pob69] 27/10/2020 07:41

Highly significant strategic news with 2 new heavy hitters now on board.

I assume that on the back of the news, Canaccord Genuity have slightly raised their TP to A$3.10 as detailed on company websit.

[pob69] 24/10/2020 09:50

Not seen this blog before:

"...Adriatic Metals (ADT.ASX, market cap A$409.64M): This company is developing one of the most impressive and profitable (polymetallic) projects worldwide, which is the fully owned Vares project in Bosnia-Herzegovina. The very recent Prefeasibility study delivered a strong post-tax NPV8 of US$1,040 million with a stunning IRR of 113% and a US$173 million capex, based on US$24/oz silver, US$1900/oz gold, US$1.14/lb zinc, US$2.95/lb copper and US$0.91/lb lead prices. Economics held up nicely compared to the scoping study results, with back of the envelope calculations using the considerably lower PM metal price assumptions from the scoping study the NPV and IRR would drop off only 10-15%. Capex appears to be a low number at first sight, but it is actually extremely high for a relatively small 800 tonnes per day operation. The reason for this can be found in the underground development costs that are included with capex, rendering sustaining capital extremely low as these costs usually are accounted for in this last category. Opex is also relatively high as four different concentrates have to be produced and transported to smelters. The company is busy permitting, which has gone a bit slow but steady so far. Sprott Global is a 5% shareholder, management holds 26.6%."

[pob69] 22/10/2020 09:20

Paul Cronin new interview with Crux

[pob69] 21/10/2020 10:36

Here's the latest newsletter from Eastern Mining (1005 owned by ADT1)

[c0lin1] 21/10/2020 08:22

Up 11% in Oz last night. we're lagging somewhat

[pob69] 20/10/2020 08:13

Paul Cronin interview with SF Online - Virtual Resource Conference Series - Session 04 - Oct 14, 2020

Adriatic Metals plc is becoming a force in the Tethyan belt in Eastern Europe. Less than 24h after this presentation the company released an impressive Pre-Feasibility Study providing more details on the future construction and ecomics. MD Cronin runs investors through the investment case for Adriatic in this presentation.

[pob69] 20/10/2020 08:11

Canaccord Genuity Note (not high resolution)

[pob69] 16/10/2020 14:13

Tamesis broker note Target Price: 248p Current: 125p

[pob69] 15/10/2020 18:12

Hannam and Partners Research note on ADT1, current TP £1.53

"...We will now review Adriatic’s PFS in depth and update our model accordingly. This will allow us to release a full model update and updated price target in due course. We see scope for valuation lift following the closure of the acquisition of the Tethyan Serbian assets, the final grant of the exploitation permit for Rupice, and from potential increases in our metal price inputs."

[shakeypremis] 15/10/2020 11:57

Market didn't think too much of the PFS but there are lots of additional future catalysts. Further exploration upside at Rupice and Rupice-like discoveries in their new tenements or just another discovery in their new tenements, doesn't even have to be a Rupice. Then you've got the Serbian assets, namely Kizevak, and then future M&A activity. Adriatic is trying to be regional player and not a one-trick pony with Rupice.

[pob69] 15/10/2020 11:45

Tamesis update PFS – A Big Step for the Big Bosnian

"...this morning has released its Pre-Feasibility Study for the Vares project. With an NPV8 of US$1040m (up from $917m in the Scoping Study) and capex of US$173m (US$180m) we believe this is one of, if not, the highest profitability ratios of any project in the world (NPV/Capex) as evidenced by the 114% IRR."


"...We have incorporated the new inputs from the study into our model ... to arrive at a new Price Target of £2.48/sh up from £2.17/sh"

[pob69] 13/10/2020 20:19

Another long article with lots of colour