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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

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

Bullboard Posts
Post by truespeculator07on Aug 08, 2013 2:31pm
231 Views
Post# 21657307

Too much froth in the junior market

Too much froth in the junior marketBased on posts from some of the people here and in the blogs of other stocks I follow, it is pretty clear why some one like Rick Rule says junior market has another atleast 18 months of clean up required to wash out the excesses of 2002 - 2010. When people question the wisdom of a  legendary personality like Pierre Lassonde (with nearly 35+ years of stellar mining career) you understand that these people have no idea of the dynamics, operation mechanism or modalities of a junior mining company let alone the industry. These people should not be in this sector in the first place. You need to be in it for atleast 5+ years to win it and even then with a great deposit discovery there is no guarantee due to politics, funding, commodity demand you name it. This sector is only for true speculators who know the fundamentals of a company/sector and have the heart to ride the rough ride not for hot opportunity seeking froths. I pretty sure this froth will melt away in this tough market over the next year or so leaving behind only those knowledgeable ones with patience to ride this market
Bullboard Posts