Adriatic Metals PLC - Cheltenham, England-based precious and base metals explorer and developer - For the year ended June 30, pretax loss narrows to GBP3.3 million from GBP5.2 million the year before, driven by a revaluation of fair value assets to a gain of GBP2.4 million from GBP322,987, due to the conversion feature for the QRC Debentures being accounted as a derivative liability, and revalued at the end of the year.
During the year, company has gain three key permits which are required to the development of the Vares silver project in Bosnia & Herzegovina. In addition, exploration of the Raska project in Serbia is ongoing.
Current stock price: 151.00 pence
Year-to-date change: up 21%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Adriatic Metal. (ADT1)