OTCPK:ARTTF - Post by User
Post by
arh0070on Nov 30, 2017 10:41am
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Post# 27063281
Straws in the wind
Straws in the wind 1)Kirkland lake listing in Australia is merely increasing its audience as potential investors, it has a major mine in Australia and now speculative investments in the pilbara .Tony Makuch is quoted in the media as saying this (the pilbara)is an exciting prospect but still very speculative .it is has nothing to do with taking over artemis .If anyone gains from this pilbara gold rush it will be Kirkland Lake ,they have two producing mines ,plenty of cash flow and a smart CEO .
2)the novo /artemis joint venture will shortly be operational with novo as the manager ,all novo has to do is spend a bunch of money which artemis will not be able to match and it will get 100% of the joint venture .
3)artemis is going crazy with multiple commitments to multiple projects ,Lenigas must have add or need to take lithium ,it will not be able to fund all these projects without enormous dilution .Lenigas and his partners have made the big money (25 bagger ina few months from thier cost of 2 cents ).
4)prospecting by individual prospectors is now shut down for the season(its too hot in the pilbara ).
5)kairos just reported good drilling results and the share price dropped so the speculative frenzy has cooled down for a while .
6)technically long term artemis has a way further to fall.
7)I think artemis and Lenigas will just fade away ,they have made thier money and I very much doubt that they have the financial ability or technical ability or management ability to run a gold mine .
to establish a profitable gold mine takes a long time and lots of money which artemis doesnt have.
8)meantime the price of gold is falling .