Ann: Management Update, page-19

First 19 Last

Share
Profile

Follow
calmbeforestorm

5,195 Posts.

2112

16/05/24

02:58

Post #: 73846667
Share

Originally posted by calmbeforestorm: ↑

In May to date (about 2 weeks) Silver is up about 11.5% while POG is only up one-third of silver price increase.

I saw an article about silver miners on Livewire (link below) a fund manager. He stated he views ADT is fully valued as its MC is close to NAV - they are correct that it is close to NAV based on the DFS but that does not allow for the about double the addition reserve and for the higher prices of gold and silver which increases the NAV. The additional reserve nearly doubles planned production and adds significantly to the ADT value substantially above the DFS valuation.

Then add a lot more resources from additional drilling and a possible increase in production and the value goes up further.

And if the brokers who follow ADT are right it is selling on a 2025 forward PE of 4.7.

The fund manager is generalist fund manager. In my view the fund manager is a goose if they suggest ADT is fully valued.

https://www.livewiremarkets.com/wires/silver-on-the-asx-everything-you-need-to-know-and-our-1-micro-cap-pick?utm_medium=email&utm_campaign=Trending%20on%20Livewire%20-%20Wednesday%2015%20May%202024&utm_content=Trending%20on%20Livewire%20-%20Wednesday%2015%20May%202024+CID_c6cbcaacdf606b9cb77d80b658377bc5&utm_source=campaign%20monitor&utm_term=SILVER%20LININGS

Expand

The comments in the article about SVL not getting approval are factually wrong - also the fund manager can’t even do a simple calculation. See comment on the article below from someone who knows lot more about about mining than us meet mortals.

ADT Price at posting: $4.59 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MM1

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

AZY

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

There are more pages in this discussion • 6 more messages in this thread...

First 19 Last

Add ADT (ASX) to my watchlist

(20min delay)
Last $3.71		Change 0.060(1.64%)		Mkt cap ! $1.041B

Open	High	Low	Value	Volume
$3.69	$3.71	$3.64	$1.374M	372.7K

Buyers (Bids)

No.	Vol.	Price($)
1	309	$3.70

Sellers (Offers)

Price($)	Vol.	No.
$3.73	562	1

View Market Depth

No.	Vol.	Price($)
7	3582	4.000
1	2200	3.710
3	3350	3.700
3	3742	3.690
1	2200	3.680

Price($)	Vol.	No.
3.540	938	3
3.570	7400	2
3.640	25000	1
3.650	25562	2
3.660	25562	2

Last trade - 16.10pm 09/07/2024 (20 minute delay)

ADT (ASX) Chart

Ann: Management Update, page-19

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

Patagonia looks to raise $2.15M for South American exploration and development

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Management Update, page-19

Top Stories

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

Patagonia looks to raise $2.15M for South American exploration and development

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News