A connection with Adriatic Metals CEO/ MD - Paul Cronin via Black Dragon Gold
In reading the recent Annual Reports, I noted Antilles have an investment in Black Dragon Gold (BDG) of over 3.6 million shares, it seems a position taken a few years back and listed as being a "an investment of interest to AAU"
BDG seems to be a similar project to the Adriatic Metals project in Bosnia & Herzegovina, except in Spain with regards to a European resource with possible development potential.
Paul Cronin, the Managing Director and CEO of Adriatic Metals that has taken that company to a market cap of $445M and holds the same role at Black Dragon Gold, itself a market cap of just $12.3M.
Recenlty BDG has cap raised to progress finalisation of the Spaish mine permits and DFS (below), Paul Cronin himself contributing $750K into that raising.
So Antilles Investment and Strategic benefit in this project would possibly be:
Offtake Customer of BDG in the future ?
Mine partner, maybe commisioning an Albion Plant ?
a take over bid for BDG once the surplus cashflows from Cuba allow ?
It's certainly been a long game, but is interesting to have that connection between Antilles and the BDG / ADT Managing Director & CEO Paul Cronin, who IMO has delivered well for ADT shareholders enroute to them commencing mining operations in Bosnia & Herzegovina
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