After having the sp massively manipulated by bots in the last 24-48 hrs ARV's rebounded strongly. Tuesday's session with Allan Barry in Vancouver set the scene for the company going forward - and it's clear Dave Lenigas is covering all bases - great masterplan - controls all assets in the region worth having - and far better dirt than billion dollar Canadian jv partner Novo, who actually don't have any permissions in place to mine or process. Smart smart chap DL is imo - here's a selection of what he had to say on Twitter today...
I don't think it'll go lower than 30c - got to ask why someone wants the price lower - however DL has stated that ARV will be the main player on Pilbara conglom gold - and he's holding all the cards presently. Novo can't do anything - only the JV with Artemis - who also has a processing plant, native title permissions, imo the best potential dirt too.
For a bit of a strategic play maybe think about DEG which is smack bang between Novo & ARV - prime spot - I think someone's going to take it out shortly. Or IPT - probably as good as the ground gets up there on the east side imo: https://www.finnewsnetwork.com.au/Presentations/PMIS/2017/ImpactMinerals_IPT/index.html
ARV was recently priced more than a 200,000oz Australian gold propducer and priced roughly as if it has already booked 4 million oz resource. Other than Sprott backed companies, no other majors moving into the Pilbara for this rush. I wonder why...? How many months will Novo sit on the drill cores before telling everyone? the truth machines (drill bit) is the only thing that can put this Wits 2.0 hype to bed. Micron gold at depth will be required for these deposits to be economic.
Novo Resources down 18% in Canada last night after providing update on Purdy's. "Trenching is proving invaluable for providing geologic data as well as bulk sample material. Therefore, Novo recently accelerated trenching and bulk sampling activities along the strike of the daylighting conglomerate package. A comprehensive overview of trenching activities will be provided by Novo approximately mid-December once this fieldwork is complete. "Given the nuggety nature of gold mineralization at Karratha, Novo considers bulk sampling the best practical means of evaluating grade and potential viability of the deposit. Sixty diamond core holes have been completed. All backlogged core holes is ongoing and expected to be completed by approximately mid-December. Novo "experimented with various drill bit diameter sizes, drilling dry and wet, various sampling techniques, and a mix of sample collection tooling. Upon careful review of sample consistency, integrity and recovery, Novo has decided it is uncomfortable with the product and its use as bulk sample material for grade estimation. While disappointing, Novo is reviewing other potential options for collecting bulk samples from drilling.
There is support at these levels a few good announcements and it will recover losses if they have good news.
Those tweets of the chairman would make me do a u-turn straight off, but everything about ARV management doesn't sound right - like that guy who used to lead CuDeco. Artemis Resources, One Man Band and Flavor of the Week Bob Moriarty Aug 23, 2017
David Lenigas Chairman, Artemis Resources Ltd Career History ChairmanArtemis Resources Ltd, 11/2016-PRESENT ChairmanAfriag Global PLC, 7/2016-PRESENT ChairmanDoriemus PLC, 6/2016-PRESENT ConsultantUK Oil & Gas Investments PLC, 7/2015-PRESENT Chairman/CEOLeni Gas Cuba Ltd, 3/2015-PRESENT ChairmanHorse Hill Development Ltd, 9/2014-PRESENT ChairmanAfriag PLC, 6/2016-7/2016 ChairmanAfriag PLC, 4/2013-12/2015 ChairmanEvocutis PLC, 9/2014-12/2015 ChairmanRare Earth Minerals Ltd, UNKNOWN-12/2015 ChairmanUK Oil & Gas Investments PLC, 11/2013-7/2015 ChairmanStellar Resources PLC, 5/2012-10/2014 ChairmanSolo Oil PLC, 8/2009-10/2014 ChairmanPolemos PLC, 4/2013-8/2014 ChairmanLenigas & Oil PLC, 8/2006-8/2014 ChairmanFastjet PLC, 8/2012-6/2013 Chairman3d Diagnostic Imaging PLC, 4/2013-4/2013 ChairmanLonzim PLC, 2006-9/2012 ChairmanLonrho PLC, 2006-9/2012 ChairmanRubicon Diversified Investment, UNKNOWN-8/2012 ChairmanCss Stellar PLC, 4/2012-5/2012 Executive DirectorCss Stellar PLC, 11/2011-4/2012 ChairmanLonrho Mining Ltd, 8/2006-3/2012 Executive DirectorVatukoula Gold Mines PLC, UNKNOWN-4/2011 ChairmanNorse Air Ltd, UNKNOWN-12/2010 ChairmanTemplar Minerals Ltd, UNKNOWN-8/2010 ChairmanTemplar Minerals PLC, UNKNOWN-8/2010 Executive DirectorOrtac Resources Ltd, UNKNOWN-8/2010 ChairmanImmersion Tech Intl PLC, 1/2008-8/2009 ChairmanHot Tuna Intl PLC, 3/2008-2/2009 ChairmanNare Diamonds Ltd, 8/2006-11/2007 ChairmanLonrho Africa PLC, 12/2005-5/2007 ChairmanMediterranean Oil & Gas PLC, 5/2005-9/2006 Joint Managing DirectorAsia Energy PLC, 6/2004-1/2006 Executive DirectorLonzim PLC, 11/2007-UNKNOWN ChairmanLonrho Africa Holdings Ltd, 3/2007-UNKNOWN Executive DirectorRiver Diamonds UK Ltd, 9/2003-UNKNOWN Chairman/CEOLonrho PLC, FORMER ChairmanBdi Mining Corp, FORMER ChairmanImmersion Technologies PLC, FORMER ChairmanZest Group PLC, FORMER ChairmanRare Earth Resources Ltd, FORMER ChairmanRare Earth Minerals Ltd, FORMER
Has done pretty well with arv or got lucky dusty found comets well while he was chairman. Doesn't make much difference who is in charge as Novo is 50% on jv and run by third party. There's gold there and it will be proved eventually for mining.
ARV all they way down at 2.9c. A far cry from the ultra-hype watermelon-seed Pilbara nugget craze of late 2017. Here's an old chart I did in Jan 2018. Just goes to show risk management (stop loss exit) is important in this game.
You said it finicky. CuDeco was an unmitigated disaster, when it could have been one of the best copper miners around. I had a large holding with them. The copper ore was just littering the ground everywhere, and was an unbelievable sight (i.e. sheer quantity and quality of surface ore). All they needed to do was pick up the ore lying on the surface and just send it off to the smelter. But that fool just kept dithering for god knows what reason, until eventually it ran out of steam. A major disappointment, and validates everything Rick Rule says about management.