Post by
arh0070 on Feb 28, 2018 9:50am
Hot copper
The announcement can be found on hot copper together with a lot of editorial comments from many people both pro and con .In my opinion it just illustrates the shear lack of focus amongst the arv management .They are a small company with no revenue and hundreds of millions of shares out and a constant need to issue more paper and dilution .They are involved in multiple different projects and only have a board of directors of 4 people one of whome lives in DUBAI .If Barrick choose to do such a hole it would be understandable but ARV ,Simply crazy .The last deep hole done some years ago basically found nothing ,it doesnt say how much in the announcement the cost of drilling and analyzing the samples .Smacks of a publicity stunt to me .Market wasnt too I impressed and ARV went down 5% .