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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adriatic metals plc
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A further consideration is how much of the cash flow from this...
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Last
$5.68 |
Change
0.020(0.35%) |
Mkt cap ! $1.718B |
Open | High | Low | Value | Volume |
$5.66 | $5.71 | $5.66 | $7.697M | 1.354M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2246 | $5.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.70 | 4330 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2246 | 5.680 |
1 | 1800 | 5.550 |
1 | 130 | 5.510 |
1 | 11 | 5.500 |
1 | 5000 | 5.480 |
Price($) | Vol. | No. |
---|---|---|
5.700 | 4330 | 1 |
5.710 | 17500 | 1 |
5.720 | 5000 | 1 |
5.750 | 28323 | 2 |
5.780 | 1543 | 1 |
Last trade - 16.11pm 08/07/2025 (20 minute delay) ? |
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ADT (ASX) Chart |