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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
The Golden Fleece Cam, my logic is based around the research notes from Sprott Cap , Laurentian Cap, Tamesis Parteners , Hammam et al so If I assume their current average for 2021 is around A$4.10 that’s good enough for me . HOWEVER there is no allowance for a T/O premium MORE importantly the allowance for the Serb asset is around $20 mill which I think is derisory . Anyway to answer your question in Sterling I think the price by 2021 year end ( without t/o premium) £2.50 - £3.50 without me going into a lot of diatribe . Should the Serb asset perform as I suspect you could add another 80p.
Good Luck Cam
Safe Harbour
Linger
As expected the share price opened down this morning this after a decent set of drill results out of Serbia demonstrating what I believe will be a major deposit. Furthermore two upgraded research/equity reports increasing their targets to A$4.20 per share and £2.48 per share with NO I repeat NO allowance for a T/O premium . Oz was down today with continued shorting seems the mm’s have instructions.
All in my opinion of course.
Linger and Die
Whoa ! Sprott issued yesterday (3/12/20) their latest research report on ADT given the latest drilling results from Kizevak and Sastavci increasing their target price to Oz$4.20 per share . The previous research note on the 5th Nov showed an increase to A$3.35 per share .
Tamesis and Partners also issued a revised research note on the 3rd Dec maintaining their buy note at a price currently of £2.48 per share. In my opinion the Serb asset is the rabbit in the hat ,looking at daily shorting in Oz and the manipulation in London to keep the vwap low I think someone else thinks the same. As I have mentioned before I am expecting a bid first quarter next year maybe Sandfire around A$4 per share which would be laughable.
LaD
Tamesis and Partners issued their latest research note on the 19th Nov with a target of A$4.50 this is an uplift from £1.27 to £2.48 with NO allowance for the Serb asset. This has the potential (looking at the historical data in the Hannam note) to be a major resource in its own right and could add significantly to the share price in my opinion. Furthermore Tamesis cannot understand why the share price is where it is my reasoning for this is that in Oz there is some 640,000 shares lent out gross and 460,000 shares net so the daily shorting figures are quite high between 0.08% and 7% of traded daily volume, in London trades reported as sells are buys there must be a buy order at a price and the mm’s are moving the stock accordingly. I wait the day the sorter has to buy back the stock .
GLTAH
Linger and Die
Interesting note from Laurentian Cambells even alludes to a growing Serb asset which comes as no surprise looking at historical grades.
The peach is the HANNAM andPartners research note issued on the 17th Nov lifting their price to A$4.24 or from £1.53 to £2.34 with hardly any allowance for Kizevak although detailing its potential. Closing today the shorter in Oz has been working overtime to keep the stock down ( I think from an accumulative aspect as someone wants in to this) the consolation is that the shorter will have to repay the borrowed stock at some stage (currently 498,000 shares net) wouldn’t want to be caught in that one. London trading is as manipulated as Oz in my opinion mms trying to suck in any stock.
With these research reports any one who considers an offer under A$5 must be coco.
GL
Linger and Die
Adriatic Metals trading is starting to warm up the gross loaned out figure has jumped to 635,430 shares and the nett loaned out figure 457,430 shares as of 10th Nov. The shorting in Oz has been relentless the algorithm is targeting stock currently in the A$2.35-A$2.45 range triggering any stop loss in this area somebody wants this stock badly. Example low volume day 9th nov 1,416 shorted 10th nov high volume day 23,484 shares shorted 11th nov 3,493 shares shorted. When I look at London trades are low and low in volume designed to hold the price and are algo’s . I think there Will be a low ball bid In the next three months probably around A$3.50 ish which if It happens needs to be laughed out of court As nothing short of five dollars will do at this stage as far as I am concerned . Naturally this is in my opinion and would be happy to be proved wrong however.
Stay steady.
Linger and die
Sprott issued on the 5th November a detailed research note upgrading their buy price to A$3.35 with an allowance for the Serb assets of US$22 mill hmmmm . Shorting in Oz increasing trying to hold the price down we’ll see what today brings , fun and games On the way here stay steady.
GLTAH
Linger and Die
No surprise PC shenanigans being played here and in London Sandfire issue sorted another US$6 mill in the bank plus US$28 mill from raising guessing US$3 mill in bank total so US$37 mill ish in bank. Must be 3 rotary lie detectors in Kizevak so assays in the next few weeks to start to come through . Mining or exploitation license in I guess 8 weeks and then in my opinion game on.
Gltah
LaD
I find it incredible that Adriatic has gone relatively unnoticed on the LSE (appreciate the main listing is in Oz) this company has an outstanding project in Bosnia probably the highest silver grades of any developing mine on the planet 2 year payback on funding and so the good news follows. Just taken over Tethyan Resources with Zinc grades in the region of 22% in 2019 just started drilling a 10,000 metre drill programme in Kizevak so about 50 holes the first three released today with great signatures coupled with the 10 previous Holes this is looking to be an outstanding resource. So why is the share price Where it is when this is an outstanding buy In my opinion firstly the stock in Oz is and has been shorted to hold the stock at an artificially low figure. Furthermore for some three to four months now blockers have been put in place on a daily basis and pulled just before the close when high buy volumes Come in. Naturally the volumes in London are thinner Even so the price is effectively controlled . Paul Cronin has stated that they are working on the exploitation (mining) license in Bosnia which Adriatic are looking to secure in the coming months .I firmly believe That when ADT1 receive this license the company will be the subject of corporate action by one or possibly more companies why else would there be these trading patters in the meantime as I add to my position we can look forward to Regular drill results from Kizevak now a second rig has been positioned.
AIMHO of course
LaD