Olivut Resources Ltd V.OLV

Alternate Symbol(s): OLVRF

Metals & Mining Industrial Metals & Minerals

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

Olivut Resources Ltd

Bullboard Posts

Comment by DRILLFILLBILLon May 09, 2014 4:42pm

84 Views

Post# 22545915

RE:RE:RE:RE:RE:RE:Update

Hi Ekatimine! It's been a long time. I hope you are doing well? I'm thinking it will go lower than $0.15. It was only October 2013 that we saw $0.135. Given my analysis of the monthly charts, I think the all-time low of $0.10 is definitely possible. Would I start a position there? I don't know. There is definitely no rush to own Olivut. Lower highs five months in a row is a bad sign. Furthermore, the largest "monthly high" drop has occurred between April to May. Granted there is still a lot of May left, but I don't think price action will go up.

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading