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Olivut Resources Ltd OLVRF


Primary Symbol: V.OLV

Olivut Resources Ltd. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company’s projects include the HOAM project and Seahorse project. It has a 100% interest in certain permits in the HOAM project located in the Mackenzie Region, Northwest Territories, Canada. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The community of Fort Simpson is located approximately 15 kilometers (kms) from the HOAM property in the south and the village of Deline is located about 20 kms from the project area in the north. It also holds 50% interest in the Seahorse Project located in Canada’s Northwest Territories.


TSXV:OLV - Post by User

Post by Buyingthebidon Feb 27, 2024 6:34pm
124 Views
Post# 35902670

Positive News ignites action

Positive News ignites action
The recent news has been flat out amazing. Of course why overdue press releases with verbal overkill when there's a window for accumulation.
What's accumulation ?
That's when "smart money" people with a longer view and bigger picture mindset start to buy seeing a huge future others may not.
They see HUGE potential value. But it's not a sure thing.
What is occuring is called hitting the bid. The buyers are not bidding $ .105 or .11 or .115  -  just buy the ask. That's why the bid currently is $0.10 and the ask is .12.
People are leaving a lot of money on the table in situations like this. Raise you ask and watch the money continue to hit the bid.
This story really has yet to catch the big headlines it deserves yet. Still early - loads of potential to come.
It still is hard to believe how this is unfolding.
Is the area of interest in a province where massive Diamond finds have been discovered - Yes.
Have they been putting in years of search efforts - Yes.
Is there a strong base of wealthy investors including Pierre Lassonde involved - Yes
Have they found garnets and diamond indicator minerals - Yes
Have they found micro and macro diamonds - Yes
Have they found the source kimberlite - ?  If you wait till that answer you'll have to pay much much more.
Be prepared for this stock to go much higher.
Sadly most will leave this party way to early.
It's hard not to sell when you turn a profit.
People buying now at $0.12 are likely thinking much much bigger.
If the diamond kimberlite is found after the next round of exploration, then a $2.00 plus valuation is likely.
Seems as well they have a great team of experienced players to execute.
As far as partners go, of course it's very likely some major players are starting to follow this story closer.



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