It should also be said that good drill results often haven’t had any positive affect on the SP immediately. That’s fine as far as im concerned as long as the quality drilling continues. As binwood said the cash reserve is good and was a big consideration for me taking a position in this with the current sentiment in the market the way it is.
ADT remains more resilient to drops than most others, is tightly held and There is a fairly clear plan in place, successful maiden resource at Rupice and resource update at Veovaca amongst other targets in H1-19 should easily put us into SP triple figures. Don’t want to jinx the drill bit so I’ll stop now.
Ann: Adriatic Completes Institutional Placement, page-97
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