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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

Comment by JedDinvestoron Dec 15, 2023 5:53pm
102 Views
Post# 35787629

RE:RE:RE:shareprice

RE:RE:RE:sharepriceJanalexander:

I have had the same thought as you regardig the 9 cent price. It has been 3 years. It is a an astute observation. The problem is that I do not see any news or source of momentum to support higher valuations. 

OLV.V and its stock is followed very closely by a lot of investors. Interest has always been extraordinarily high. Any piece of news is quickly scooped up and the word gets out fast. If there was a new piece of news that was solidly positive (and I am not talking about one macro diamond found on the beach) this stock would soar a lot higher than 9 cents. Therefore, even though this is a 3-year high, I can't give much credence to the current price. It's not the type of price that's making anyone richer or even bettter off.
 
Still waiting on further sample analysis.

JD


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