ARV - Artemis

VRS

VRS

Well-Known Member
Silver Stacker
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...

Screen_Shot_2017_11_16_at_6_58_23_pm.jpg
 
Heavy heavy bot attacks at the end of last week - clear to me someone wants the sp to be lower.
 
Bobsydney said:
Yeah not a good time to hold better get out and go back in later
Click to expand...
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.
 
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.
 
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.
ARV.jpg
 
finicky said:
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
Click to expand...

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.
 
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