Artemis Resources Ord Shs ARTTF

Arv

[arh0070]

You can access the Artemis annual report on the sydney stock exchange website ,it was published today .You discover two things ,that there are something like 450 million shares out ,there is very little short interest and that at the beginning of this year they did a 20:1 reverse stock split .So there would have been something like 8 billion shares out .they have obviously been totally profligate with thier production of paper and in the chairmans report (Lenigas) you find the excuse for so many shares outstanding .Need for money .So it is apparent why the share price has not gone up anywhere near as much as expected .Clearly someone is selling a lot of artemis shares into this buying .Artemis share trading in the USA is trivial compared to the amounts in Australia .So there must be a lot of Australians who dont believe the story .Becuase of this I am very much inclined to beleiev gold miner ,wait for it to go up a little and then sell .wis it were otherwise but the past is often a guide to the future .arh