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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. 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 HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Bullboard Posts
Post by sara7on Dec 02, 2010 10:18pm
836 Views
Post# 17793444

Share price

Share price   The only thing moving this stock right now is talk. There are no results of significance to move the price up as much as it has. The last time it moved up like this was when Lassonde was buying.
   If Olivut has something worth bulk sampling they will require substantial cash(more than a few million). It looks like another placement within the next couple of months.   Like Lassonde  says, do your financing at higher prices and avoid unwanted dilution. 
   This stock has not produced the results required to get as high as it is. It has been "talked up".
   My core position has been sold and will be rebuilt on good results. I like the management and the projects. 
   For now it looks like it could become a good trader.  
Bullboard Posts