Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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My theory for the weak share price in recent days is that some of the former Tethyan shareholders who received Adriatic shares are now selling. These Adriatic shares were admitted to the LSE on 8th October. It's just a matter of waiting for the selling to dry up.
The fundamentals are unchanged - world class project at Rupice, route to production in the short-term with minimal equity dilution, huge exploration potential in Serbia and new Bosnian acreage.
There are also some decent catalysts over the next few months - drilling in Serbia, mining permits, DFS, financing.
I must confess............this is the most un-loved share in my portfolio!
Why............ with so much going for it, it just cannot gain the momentum it deserves!
Could it be we are a long way out before production?
Maybe, PC comes across to some, as unconventional and as such do not give him credit for the set up here!
Well whatever, will be holding this long term regardless!
GLALT’s
PC
I think we can assist with this particular issue, once we are in production!
“The United States also disproportionately depends on foreign sources for barite. The United States imports over 75 percent of the barite it consumes, and over 50 percent of its barite imports come from China. Barite is of critical importance to the hydraulic fracturing (“fracking”) industry, which is vital to the energy independence of the United States.”
Full statement here!
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/
PC
https://www.tradingview.com/x/qay5kb6b/
All the signs are there: Bullish Harami cross and slow stochastic on the 20.
Shame I`m not in this, and not on T212 and bu***** if I`m paying HL 24 bucks in costs.
GLA
S
nice update
Not sure if you all caught this announcement by Tethyan!
All positive news in this batch of results!
https://www.tethyan-resources.com/news/tethyan-reports-initial-kizevak-drill-results-including-12-9m-at-15-4-zneq-in-new-zone-discovery/
PC
Yup. AIM mug punters seem mostly unaware of this company. I have been invested here for a year and a half (over on the ASX) and topped up big-time in March here on the LSE when the market crashed. Great company with a fantastic asset in Rupice and good potential in their soon to be acquired Tethyan asset in Serbia.
Yes strangely quite BB. I took a bite 15 June. Datt Capital are very keen on ADT1 , there's a blog here: https://www.datt.com.au/blog
I am surprised how little forum activity there is on this company. It is moving up quickly and has considerable upside potential.
I took my first position in mid-May and since then I am up 82% overall on ADT. Lots of news flow imminent and well positioned for the bull market in silver.
Hi Hyper
Welcome to the board!
Yes your right to be concerned......but unless your going to be pumping in millions! then this “has” to be a good punt, given the fact it’s already been mined and the country is keen to get it going again!
So although commodities have pulled back a bit in the last few days, there will always be “need” for these as we gradually force ourselves out of this current predicament!
PC
The technical aspects of project looks very interesting. The valuation makes me a little nervous for a project at this stage of development.
Paul Cronin
Interview!
https://podcasts.apple.com/au/podcast/mining-stock-daily/id1418050443?i=1000487695759
Lots of news flow in the coming months!
Excellent interview, covers lots of the business plans plus what’s in store for the future!
Happy holding here!
PC
Sprott Holdings
On the 26th June became a substantial holder of Adriatic with 5.24% !
PC
https://newswire.iguana2.com/af5f4d73c1a54a33/announcements/adt.asx/6A990360/ADT_Announcement_6A990360.pdf?download=1
Copper outlook is very attractive. Have a look at Marimaca copper TSX. Exciting times
I case anyone missed the update by Sprott this month!
Lots of detail on this project, still a long way to go!
But fingers crossed upgrade shortly!
https://sprott.com/media/3168/200716-scp-adt-update.pdf
PC
Right.......I’m now in.........been watching this for sometime, it’s likely an update......very much over due!
So chat over down in Oz on HC it’s all about Sandfire!
Why would they originally invest, if they weren’t interested in something much bigger for their business!
Time will tell!
PC
It'll be nice to be able to follow Tethyan Resource on a UK site again - I've had their shares for a long time - I got their shares back when they used to be listed on the UK stock exchange (under a different name which slips my mind at the moment) before they moved their listing to Canada and I have not had masses of information about them since that move.
Here is our interview with Paul, CEO of $ADT.AX. Watch here: https://youtu.be/_hdg0HcQtg0
We talked about their proposed acquisition of Tethyan Resource Corp.
Cronin is confident the deal will go ahead, subject to shareholder approval, because there is a lot of value in it for Tethyan Resource Corp. 38% of Tethyan shareholders have agreed to hold Adriatic Stock for 6-months. This is "major support."
Price continues to build nicely (up over 8% today). Very good recent drill results. Proposed deal with Tethyan looks logical.
‘The deal will add Tethyan's Serbian brownfield development projects, Sastavci and Kizevak, as well as a "large prospective landholding on the Tethyan mineral belt", which Adriatic believes will position the firm "as the leading Balkan base and precious metals developer".
The deal requires approval from two thirds of Tethyan shareholders - voting support agreements have already been obtained from 54% of shareholders - and includes a CAD700,000 break fee plus up to CAD150,000 of costs and expended for Adriatic payable by Tethyan "under certain circumstances" and a CAD350,000 break fee payable by Adriatic to Tethyan "under limited circumstances".
Tethyan has also entered a deal with Serbian firm EFPP d.o.o, which holds two exploration licences which comprise "the central parts of the Kizevak and Sastavci deposits", to acquire EFPP in a two-stage acquisition.
The first stage involves Tethyan paying EUR525,000 in cash to EFPP's sellers in return for a 10% stake while the second allows for Tethyan to pay EUR1.4 million in cash and grant a 2% net smelter return for the other 90% stake. Obtaining the other 90% stake also requires the issue of 664,000 Adriatic shares in four tranches to EFPP and the payment of a EUR500,000 deferred cash payment on the second anniversary of the first half of the deal.’
Here is the link for anyone here :) https://youtu.be/RJykJpDYEdY
We discussed the business plan and what they set out to do, Bosnia as a mining jurisdiction as well as permitting; the status of their additional land and claims as well as a drilling update. Let us know your thoughts!
Hi guys, we are interviewing Adriatic Metals on Friday. Does anyone have any questions they would like us to ask? Let us know!
Courtesy of
PamplonaTrader
@TraderPamplona
·
12m
Tamesis believes (at 5X EV/EBITDA) Adriatic Metals $ADT.AX is worth over A$8.00/sh by 2023. Wild.
https://ton.twitter.com/1.1/ton/data/dm/1219460164178317316/1219460157303902208/PZvewLH_.jpg:medium
Tamesis starts coverage with 177p TP. Most "expert" commentators now expecting a bid by this time next year at AUD4-5!
Ah, I forgot: Drill results as catalysts. Rookie mistake ;)
11.3m at 25 g/t gold equivalent. Recent drilling will expand resource considerably (+20% rough estimate from @eadatt). If they can get enough tonnage to support a 1Mt throughput, Rupice is set to go.