ADT 0.97% $4.17 adriatic metals plc

To those not familiar, Mariana owned 30% of the Hod Maden...

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  1. 17 Posts.
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    To those not familiar, Mariana owned 30% of the Hod Maden project in Turkey. Bought out by Sandstorm for ~ USD $175MM. Put another way, share price was stuck in the mud for over a year on great drill hit after great drill hit. On a 100% basis, the project was eventually valued at ~ AUD $720MM.

    Not rocket science - given the relatively complex metallurgy and frontier jurisdiction I'm not surprised in the slightest to see the lack of interest. SP is not going to react the same way a lithium explorer getting bonanza grades in Oz would. Project has been massively derisked over the past couple weeks. Now all about proving at least a few million tonnes, hopefully closer to 8-10. Market will catch on eventually. The super high value ore we have here is the key. All about margins. Don't need 30 Mt.
 
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Last
$4.17
Change
0.040(0.97%)
Mkt cap ! $918.1M
Open High Low Value Volume
$4.15 $4.20 $4.14 $900.3K 215.3K

Buyers (Bids)

No. Vol. Price($)
1 5000 $4.07
 

Sellers (Offers)

Price($) Vol. No.
$4.20 61737 7
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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