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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.
Why the sudden SP jump ? I guess positive news is leaking ?
The interview was only yesterday and she seemed quite confident of January ….. not playing things down at all
If theres not another delay, which there is every possibility there could be.
Should be a big Q1….
Its like that for everything. More so forn stock with newrly 600 mkt cap.
Market response somewhat underwhelming! Barely 5%?
May the suppressed prices long continue, I discovered this gem of late, and adding constantly past few months.
'24 should be a golden year. It is on track to become a big name for investors.
This is a gem
Boom! Fantastic grades and plenty of valuable metals to dig up and process in 2024.
A good post on HotCopper comparing ADT with BGL who have just gone into gold production
I am notsure what made me do the comparison below but the more I looked at BGL and ADTthe greater the similarities, but they have very different valuations as decidedby the share market. ADT and BGL have a lot in common including financials, characteristicsof mine and risks with some differences (e.g. different metals).
Thecomparison below looks at ADT’s valuation from a different perspective but Iarrive at the same conclusion ie ADT is very undervalued and has potential upsideof upwards of 3 times current share price and potentially more.
The comparisonbelow is based on publicly available information and in particular ADT’s DFS fromAugust 2021 and BGL’s FS from September 2021 and updated FS in June 2022. Some informationwas not included in the last BGL FS (e.g. NPV etc) but I have been able to drawcomparisons using the September 2021 FS.
I have adjustedthe figures in the FSs for the latest metal prices which for ADT reduce revenueby 7% and increase them about 20% for BGL. I have not allowed for hedging whichwill probably make little difference to ADT but will reduce BGLs cash flowbased on current metal prices (have not checked what hedging each has in placeif CC any).
Thesimilarities, both:
- underground mines
- high grade resources
- very high margins with ASIC about one-third ofrevenue (using latest metal prices)
- have a 10-year mine life
- have excellent prospects to significantly expand resources
- will be in production at a similar time with BGL a few months further progressedthan ADT (maybe about 3 months)
- are exposed to similar risks regarding future operational costs, minedmetal grades, metal prices and commissioning issues
- Total net cash flow after tax over the 10-yearmine life is very similar and an NPV which looks similar in size (see detailsbelow)
- ADT payback period is about 7 months while BGL is about 1 year
Differencesinclude:
- ADT has nearly doubled resources since DFS andwill probably double mine life (but not included in metrics allowed for inmetrics below)
- country risk with Bosnia not known for mining vs WA best in world
- different metals but ADT has about half revenue from precious metals sonot as big a difference as one may think.
- ADT has an additional project in Serbia whichbased on CEO comments it should add significant value to ADT in time (haveassumed $0 value to ADT) whereas BGL has no other project (ADT looking forother add on other projects as well)
- ADT is exposed to primarily 4 metals (Ag, AU, Zn and Pb plus 2 verysmall amounts for Cu and Sb) with about 50% exposure to precious metals (Ag andU so the difference to BGL is not as big as one thinks)
- One could argue ADT has a lower exposure to metal prices as ADT has 4primary metals, but BGL is exposed to just one and so should have predictablerevenue and profit
- ADT capital cost was about $A100m less than BGL
- ADT may ha
Zzzzzzz share holder has sold a slice.
When will they be pouring PM?
That is The Question!
Not sure, I had taken my eye off this company as I was confident it would be pouring metal this year and not 2024! Wrong on that count and clearly some news leakage and folks shorting or stop lossing. Might buy once an RNS appears admitting to their latest eff up and delay in smelting.
The mm fixers will know. I have just swallowed the loss and sold. Too much inside information is traded amongst our respectable traders. European money men and corrupt politicians trying to stifle Bosnian commerce under the moral outrage of environmental impact!!!!
Fricken free fall since the past week. Wonder if another delay is inbound.
It was already delayed but just into the new year. Don't know any other gossip sorry. Their projected cash position at startup was also very healthy.
Wouldn't like to speculate without more info
This stock was under my Radar what is the cause of the Share price drop it seemed like a good company starting up production soon... is it due to the market price of zinc that is going to b produced or from the delay in start up or both?
The usual Goldman Sachs BS as opposed to news on first smelting and metal being poured.
Despite first production being a couple of months behind the previous November target, they also published an estimate of cash on hand at that point. Something in the region of 20milion.
Always a bit of risk remains this close to production but that is a healthy figure imo
On the witness .....about every two hours
if you want to watch it
BoD has been decent and transparent to date unlike Jeremy Martin aka the Snake and Retter at HZM. They lie as easily as drinking a glass of water. The worst of the worst IMO.
Welcome a board.