Bullboard - Stock Discussion Forum Artemis Resources Ltd ARTTF

Metals & Mining Copper Industrial Metals & Minerals

Artemis Resources Limited is gold copper and lithium focused resources company. It holds three projects in Western Australia, including Carlow Castle gold-copper-cobalt project in the West Pilbara; Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrest’s recent gold-copper discovery at Havieron, and Osborne joint venture in the West Pilbara. The Carlow... see more

Add To Watchlist

OTCPK:ARTTF - Post Discussion

Artemis Resources Ltd > CR is a necessity.

View:

Post by onetok on Sep 19, 2017 12:25am

CR is a necessity.

Just observations.
Today, ARV got access to $12m more than yesterday specifically for the JV with NVO.
The largest participant ($4m) in the CR looks like Sprott Capital Partners - could do worse IMHO. A CR at $0.20 is not too shabby IMHO and provides a floor.

Therefore ARV can contribute to its 50% share of the JV development costs till the next CR or take-over (or whatever you suggest in due course). This enables the JV to focus on the job of drilling and completing assays.

We know and accept (I hope) that resource development is cannibalising in nature, so CRs are a necessary and critical aspect of the process. Until junior resource companies like ARV have a significant and regular income stream, expect more CRs to happen. Btw, NVO may also face that issue if their kitty runs out and the results are not stellar enough to move the SP to the edge of the Milky Way. The SP at the next CR will be determined by various factors at the time.
The fact thgat we are here discussing NVO and ARV means that we expect both the ARV/ NVO SPs to be heading north when the next NR happen with drill results.

Sometime in the (near or nearer) future I will be expecting that QH, ES, DL and others who may yet appear on the scene to sit together and discuss a resolution to this 'bad marriage' as described by TX. But let's not get too far ahead of ourselves. Let the JV do the necessary work and report to the expectant shareholders who salivate or not, at their every syllable.

Happy waiting to all. GLTA

ps. I am a ARV shareholder and like many here own a smaller percentage than yesterday.

128

Comment

Comment by TXRogers on Sep 19, 2017 1:18am

Hello OT: Just a small addition to your commentary which may highlight the vulnerability that ARV faces with respect to NVO and the cash position. It pertains to the current cash position of NVO. As we know, NVO currently has $70mil in cash. And now ARV has $12 mil in cash. But based on the recent NR of Sept. 06, 2017: Novo Resources Corp. (“Novo” or the ...more

127

Comment

Comment by onetok on Sep 19, 2017 2:37am

Agree Tx, Thanks for the detailed update. IMHO, DL has only delayed the inevitable 'resolution' and it may be that the objective of this CR was to get through the next 3-6 months of the JV work. Drill, trench and report results and (very) hopefully raise the ARV/NVO SPs before the (final) deal. Just my thoughts, GLTA.

124

Comment