I have a google news alert set for Olivut. A rare pice of news came via that channnel today from Kalkin Media. Am asuming a reputable source who wrote what they did after talking with Olivut, which granted could be a wrong assumption on my part. But, as we are starved for news, thought would share "highlights" from this report.
- Olivut has a 28,771% return on equity (not quite sure how you get there when stock price has not really gone up for a while)
- drilling progam suspended due to Covid - "
which is reflected in its latest quarter report". Did not know they had a drill program this year. So, this is indeed news.
- "
company is looking at additional financing sources, since “low level of investor interest for equity financing” currently exists for junior exploration companies". Not a huge surprise that financing difficult in this current environment. But, nice to know they are at least looking which we did not have verification of before.
I have looked for the latest quartly report referenced by this news release, but canot find one. If anyone knows where it is, please post :)
Full story here: https://kalkinemedia.com/ca/news/stock-market/3-roe-leaders-on-tsxv-greenpower-motor-olivut-resources-decklar-resources-stocks