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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
Comment by nankoion Dec 14, 2012 1:42pm
127 Views
Post# 20731854

RE: RE: RE: RE: RE: RE: Placement @ 0.95!

RE: RE: RE: RE: RE: RE: Placement @ 0.95!

Professional players have been exiting, it's obvious in the order book of the past few weeks. They probably had a non-disclosed piece of information for weeks now. They tried to sell piecemeal but that's difficult in such a small stock. They sold a bit too briskly into the spike and today the dam has broken. The nature of the offers has changed. 

Olivut of course also has this certain piece of information, that is why they are cleverly preparing a massive capitalization and that's why they sold a (tiny) amount of shares at 0.95, as a symbolic gesture to try and keep people buying in and supporting the price. Smart money sells into spikes, dumb people have been picking up the bill today. They will pay for the new exploration capital through dilution, while the first sellers have moved out and will move back in after the price has stabilised at a lower level. 

Bullboard Posts