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Mine aside what are they up too? A couple of RNS this week about GS holdings in the company.
Agreed,
A 2 month delay on such a scale of project is nothing and prudent management means that they will still have > 20million Cash by the time revenue starts to come in. IF this causes any dip it is definitely an opportunity to buy in my opinion.
Also, by the time revenue starts, we might have the potential for 2 further extensions on mine life if the assay results are positive.
Can keep adding at low prices....
"?First concentrate production now anticipated in January 2024 due to delays in equipment delivery and electricity connection."
Mostly positive RNS but a small delay in first metal pouring into Q1 2024.
Can hardly believe we are only 6 to 8 weeks from first production of concentrates.
Hopefully this will give us a reason to raise a glass to Adriatic this New Year
New RNS all appears to be on schedule for ore extraction in a few months time.
Great grades, very good news imo.
This is what I was hoping for. Great communication here.
Joe market seems happy so I am too.
Hoping for production in Q4.
Rough in my head calculation put it as only equivalent to around 5% of the existing share base, so dilution is fairly minimal.
I would like this followed up with a clear breakdown of where in fact they are going to put this money. I think we will get this as they are typically pretty clear in communications.
Raised money but at a 5% discount and dilution of long term holders.
A bit annoyed but providing they pour metal in Q4 I can live with it.
Good point, looking at the trading figures two traders stand out in Oz Ubs and Goldmans (in my opinion) with ubs being the most active. Why the manipulation/shorting who knows, what seems to be the case is that it will continue until? London is not immune look at the algorithmic trades at 10 shares etc etc. Such is trading today.
On a positive note PC is doing a great job it (to me) seems adt will double the mine life increase resource ounces this year and it would not surprise me pay dividends 18 months out.
As always happy to be corrected.
Linger
Muted response to a doubling of resource. What gives or is this just expected?
More positive news.
Good news, ore stockpiled, production on track and more assay results on the way this month.
This company and the B Board are very under the radar at the moment. Institutional investors (11%) quietly adding, production likely in Q4 and some very exciting assay results yet the sp only gently rising? In some respects this is not a bad thing but I would appreciate hearing other peoples views here.