ADT 3.44% $3.09 adriatic metals plc

well we do not know the reason of this continuous slide, do we ?...

  1. 137 Posts.
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    well we do not know the reason of this continuous slide, do we ?
    delay of first production into 2024, geopolitical tensions, some large investor selling,.... ???
    it seems more than just a market-driven price-correction, so no idea how long the slide will continue. as liquidity is low, trends may continue for a while without relevant news. noone is taking/ increasing a stake now.
    however in this case i am not overly worried, as adt is fully financed and i have trust in management, and the prospective pe- ratio for 2024 is not ambitious.
    i hope the sp will stabilise around 2,7 -2,8 before we will go upwards after the summer. my expectation for ye23 is about 3,7-4,0, and next year being 12 months (?) in production 4,5 to 5, depending on precious metal prices.
 
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