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150 on route....
I suspect there is more than shipping issues delaying the project. Convenient excuse using the Red Sea Houthi attacks for the delay. Either way, not concerned its just a small delay. I'll continue to top up sub 180 or dare I say 160 for another 2 months at least.
Just in case anyone is curious, going around around Africa (Cape of Good Hope) instead of through the Suez adds an additional 26 days to the shipping time.
I'd say earliest they announce production is very late Q1.
What a gift! No sign of major delays or issues, only slight changes to timeline. I view this as less risk than yesterday pre RNS, so can’t fathom the sp drop. Must be some impatient traders, I’m happy to take advantage and wait for the good news to roll in.
If I had to guess, I'd say production late Q1.
Loving the SP drop.....
A small delay due Red Sea issues but production on track for Q1 and finance in place.
Hopefully production confirmed very soon……then worry about the dividend……they will be printing cash
Anyone done any calculations on what dividend could be expected here?
Hopefully not anytime soon!! We still have lots of exploration to do and to increase the resource at Rupice again.
We have first mover advantage and show cash cow going forward. We just need the silver price to move up which it always does but there is a lag usually between gold/silver prices. Silver goes up typically much later based on past precedent.
With Helikon having 18%
T Rowe Price 11% and
GS 3.4%
How long before we see the first bid...?
Production 24th Jan according to local media (probably hard to keep a secret there!)
https://seenews.com/news/adriatic-metals-to-start-mining-at-bosnias-vares-project-in-jan-report-844922
Most recent BELLEVUE GOLD - BGL on ASX. The 1 year chart is a classic ( although gold sector sold down the last few days ). Now it is the phase of production commencing and reaching nameplate ( production commenced November). Most of these type of stocks have exploration upside and nameplate confirmation gives another leg up.
Because the whole sector has been staved of capital there are few ‘developers to producers’ at the moment
Looks like the LSE and ASX price is exactly aligned. Now it’s a waiting game until we get news on first production. Hopefully a sustainable rise until nameplate confirmation early Q2.
This has real potential to be a star performer. Most of my best investments have been the 6 months before production, and I’m still holding most of them at multiples (ASX developers turned producers)
The CEO of a UK quoted copper company has "millions" of these...
Thats what the man said...
I expected the first metal to be smelted in Q4 of 2023 it is possible that this will now occur very early in 2024.
£2.20 if converted at current FX
Strong on the ASX last night with +1m volume…hopefully a positive day here too with silver & gold looking good
IMO part of the explanation is what is happening to Junior Miners...
Look at GDXJ...definitely broken out...39.9...ATH 172...
Last Junior Miner Bull Market 2010...wayyyyyyyy overdue...
https://finance.yahoo.com/quote/GDXJ/chart?p=GDXJ#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--
News imminent....and very good news :)
The trades in the morning seem to be automated trades, all bought in seconds of each other in bundles.
Yes me too…..but plenty more upside here. I’ll wait a few days to see if there are any dips
Hating it.....was looking forward to topping up at the 170 level for another couple of weeks.
Day light robbery.
Looks like the £2 Party has just started.
The next 3 months should be significant as we go into production and ramp up
From twitter - Paul cronin
Santa was kind this year. He came on Christmas morning and connected our power to the Vareš Processing Plant. Many thanks to our staff who have worked tirelessly with EP BiH to complete this over the holidays.