Only got a small parcel below 3 bucks, was too slow to adjust my price upwards, and now it shot up above 3.50 again.Quarterly out, 60% of the project completed and still on track to complete and pour first silver in Q4 2023.
Come back off that 3.50 high, and now nearly 10% below my sell price.
May well look to get that half back again if it gets to 3.00 or lower.
Mick
A mountain range further on from the mine, in the neighbouring city of Kakanj, protests are stirring. Hajrija Čobo is an English teacher and has studied environmental law. She accuses the mining company of playing dirty tricks with the environmental studies and having mandated a UK-based institute allegedly not licensed to work in Bosnia and Herzegovina.
"This second study is practically illegal in this country. It is not approved by any authority in this country," she tells Euronews.
Hajrija Čobo filed a complaint at the Council of Europe, more precisely with the Secretariat of the Bern Convention which oversees the protection of biodiversity.
Secondary mining roads are being built. Trees are being cut down. Hajrija points at a yellow construction machine noisily creeping downhill.
"These are works in the riverbed which is protection zone number two, where such construction works are strictly forbidden," she explains. "And they are still doing it. Everything they do comes to my pipes. Am I supposed to drink it?"
Kinda tempted to ge back into it, as Bosnia is keen to get into the EU, and the output from this mine would be transported to Germany and Scandinavia. The Germans and Scandinavians are keen to get these base metals from a source othger than Russia.Adriatic Metals denies wrongdoing
In light of the allegations, the office of the legally binding Bern Convention asks the government of Bosnia and Herzegovina to halt mining activities for the time being until the matter is cleared up. The government is asked to file an official report to the Bern Convention in order to clarify if the mine is endangering biodiversity.
The sustainability manager of Adriatic Metals, Vildana Mahmutović, rejects all allegations.
"It’s a very far distance from our underground mining activities. All the studies are pretty sure that there is a water barrier in-between so that our underground waters will not affect this water supply on the opposite side of the hill," she told Euronews.
"Heavy metals are present (in the water), but below limit values and what’s important and key to say here is that we have been tracking it for three years, before we started our activities. The presence of heavy metals in this water is actually the nature of Vareš itself."
Having put some real money into ADT, I note with some joy that it has struck a 52 week high of 4.10.I have chosen ADT for the December comp.
I also spent real money and bought back into ADT today.
SIlver going on a run, and it will be producing in the near term
Mick
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