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$4.10 adriatic metals plc

Ann: Adriatic Metals Expands Concession Area at Vares Project, page-31

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PamplonaTrader

536 Posts.

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30/08/18

11:14

Post #: 35289865
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Originally posted by binwood: ↑

It got pumped too high initially into a falling metals market and now has come back and started settling in a range - it's not that complicated. If you were really such a genius you would have sold at 60c not on open yesterday.

Time is of the essence? Really. Try and be a bit more emotive. They had $4m cash at end of last quarter and predicted outflow of $2m. I am sure they knew what their plans were for exploration. Should still have $1m left in a month.

But that's not even the point. Would you prefer they sat on the $4m and didn't drill or didn't try and increase land concessions to include the whole resource?

Who cares if they raise $5m at 40c. It's 12.5m shares added to the register. At least they are active. You're problem is you are too focused on day to day prices rather than what the company is achieving. And if you think that's not much I don't know why you are here.

Btw you forgot to substantiate the permit process being "very expensive"

Expand

GBP 4.65M (AUD $8.29M) working capital vs GBP 1.86M (AUD $3.32M) quarterly burn.

Should have enough cash to make it to the end of the year, pay concession fees, and commission updated resource at Veovaca as well as maiden resource at Rupice.

ADT Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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