ADT 1.88% $3.79 adriatic metals plc

A further consideration is how much of the cash flow from this...

  1. 285 Posts.
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    A further consideration is how much of the cash flow from this mine will be directed to developing other projects.

    Experience tells me further expansion/ new mine development is great for long term value (as long as the Board are good at timing/ finance/ and picking winners) but will impact returns to shareholders in the early years (2024-25) which in turn often holds back share price in those years. While it would be great to see up to 3 times current SP in 12 to 24 months this might be a little ambitious unless there is a t/o offer.

    Not intending to suggest this is not good value at current SP. Actually surprised that SP dipped recently and see current prices as attractive. Expect 2024 as a serious re-rating from the market.

    All IMO DYOR
 
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