Post by
arh0070 on May 11, 2018 10:12am
Artemis
Continued cash burn because they are pursuing too many projects rather than just focusing on one or two .This has necessitated selling thier novo shares to Kirkland lake which is a smart operator and one of my best performing gold mines this year .At least this avoids further dilution of artemis for the time being .The big question will be is ;will the 20 million be enough to get artemis a producing mine which generates cash flow to fund all thier projects .Somehow I doubt it and artemis even if it finds something wont have the money to develope it and will be easy prey for an operator like Kirkland lake with lots of cash flow and smart management .Thats why I own Kirkland lake and not artemis .have DEG and another pilbara stock with better management than artemis .Artemis still well below its high due to huge number of shares outstanding whereas Kirkland lake sets new highs and pays a dividend .