ADT 0.27% $3.78 adriatic metals plc

Ann: Becoming a substantial holder - Sprott, page-10

  1. JID
    3,676 Posts.
    lightbulb Created with Sketch. 836
    I had heard whispers a couple of weeks ago that Sprott was accumulating shares in ADT. It is good to see that this is now confirmed and there is no reason why they would stop at 5%.

    My Sprott broker is extremely positive about ADT and believes that the PFS will be a barnstormer relative to the Scoping Study. PT (Twitter) has been speculating that:

    (1) LOM will increase materially due to the additional R&R
    (2) Annual production will ramp up from 800ktpa to 1.2mtpa due to increase LOM
    (3) New price inputs will materially raise NPV and IRR
    (4) Possible that met will be improved to increase % payability

    My broker, whilst speculating, didn't refute any of the above.

    On top of that it was pointed out to me that

    (5) TETH has significant potential synergies re Veovaca and could add a lot of R&R with reassays and some cheap/ quick drill holes.
    (6) 32 sq km of soon to be granted fertile exploration ground around the current BiH future mine will have been noted by many predators as it adds scale and a lot of potential exploration upside.


    In the past I have been guilty of selling ADT and then having to buy back in. I think from here on in it is simply a case of buy-hold-accumulate more until the inevitable occurs.

    Cheers
    John

 
watchlist Created with Sketch. Add ADT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.