OTCPK:ARTTF - Post by User
Comment by
wwadehammeron Sep 15, 2017 8:43pm
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Post# 26703913
RE:RE:RE:RE:RE:RE:Again: NOVO UP and Artemis DOWN!
RE:RE:RE:RE:RE:RE:Again: NOVO UP and Artemis DOWN!I had Integra Gold which was recently bought out by Eldorado. The SP in the months before stayed in the same range for around 2 months despite very good drilling results. Someone was driving the SP down at the end of the day. Also, drilling results for key targets were never issued and a year's worth of drilling was never quantified into a PEA. Of course it was a set-up for Eldorado with to buy it cheap with management getting hugh payouts.
Here, I see the same pattern of holding the SP down to make a buyout offer for say $0.50 look good. As there a four major stockholders, this stratagy might not work if they stick together and holdout for good drill results. As Novo is running the drill program, the first set of drill results could come back short of expectations at which time someone could move to take out the JV portion with Novo. You may think I paranoid but look at the stakes.