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I'm in as of today, will continue to build, i understand its a quiet board, nothing wrong with that.
finally finally got a good copper and silver producer (they are HARD to find)
Yes but let's not advertise it or the board will be flooded by the usual pump & dump brigade.
Very nice upward momentum
Silver price above $28/oz provides for £1 billion market value target.
Adriatic's world class, tier 1 asset Vares Project will produce silver, zinc, lead, copper, and antimony for 18+ years in the lowest cost quartile of silver producers globally, without the inherent risk of South American politics (FRES, HOC).
First production of silver-lead & zinc concentrates happened in February this year with first ore mined in July 2023 and offtake agreements in place with Boliden, Trafigura, Glencore and Transamine. The company's latest presentation highlights the shortfall in silver demand just around the corner and the protectionist stance the EU is taking with regards mines and company demand inside the bloc.
https://www.adriaticmetals.com/downloads/corporate-presentations/2024/20230325-adt-corporate-presentationv2.pdf
Strong upward momentum....
Silver, and gold pulling back. Over bought, this should pull back to, I can see the automated sells have started.
It appreciate if this would have a pull back so I can top up.
Responding nicely to the move in silver / gold …… hopefully the non-farms kick prices up not down …. In some ways a big day
Https://www.lse.co.uk/share-fundamentals.html?shareprice=ADT1&share=Adriatic-Metal
Dividend? Unlikely for a couple of years imo. Pay down some of the debt, borrowings and liabilities first.
Rock solid buy.
New Mine now open with full government backing.
££££££££££££ from here on in.
hopefully not to soon - i'm still building a bigger position in this european gem.
has anyone done any *** pack calculations on dividends expected say after year 1?
"The Company will now focus on plant optimisation and ramp up to consistent production and is scheduled to reach nameplate capacity of 800,000 tonnes per annum in Q4 2024."
I wonder how many ounces of silver, lead and zinc that will produce? Enough hopefully to push the sp higher?
Yay! Ore concentrate produced which means shiny metal will flow from a suitable furnace very soon. A good startcto 2024 imo.
Should come in march and we should see some price action. Then on to nameplate. Things could look quite different in the coming months.
We need news!!!!!
When will metal be poured?
UBS buys a small stake, Zzzzzzz.
We need news of metal being poured.
New RNS Today:
"Contained ore reserve tonnes have increased by 89% since the previous Ore Reserve estimate stated as at July 2021."
Still 3-4 weeks away at least till pouring.
Interesting, up on ASX and LSE yet no RNS.
Are they about to smelt ore and pour some silver/gold etc?
News was expected in Q1 so maybe sooner than later?
Check out the action on this stock on the ASX today. +13% and huge volume at the close. About 2m shares in the closing auction
Https://x.com/adriaticmetals/status/1750178346967749027?s=46&t=yFRHtJd3O-nYIKqiwdSJRA