RE:So who will the market makers listen to on Wed, bashers,Peep2
In the link provided
https://www.provenandprobable.com/bob-moriarty-stop-look-listen/ they were talking about
Kirkland Lake rather than Eric Sprott, who certainly has some control, as Chairman of KL, over KL holding of ~18% (plus another 10% via the 14M options @ $6.00 to increase its holding to ~30%, but that will cost KL $84M, which is a nice chunk of cash for NOV on top of its $70M (KL has the surplus cash if it want more control, but $154M is a lots of money for NOV to do many things, including start a low cost near surface mining operation.
Personally, ES has about 8% of NOV through his number company, He has been buying more shares in the open market during SP dips. In addition, ES has ~10M wts @ very low price, e.g. less than $0.90/wt. That would gave ES ~16% holding of NOV if all his wts are exercised (for something less than $9M, chump change).
In summary, between KL and ES they control almost 50% of NOV, and they can take over NOV anytime.
But perhaps, they want to take the opportunity of the price dip in Artemis to take ARV out first and would deal with NOV later?
ES would let ARV finance (to death) its obligations, including paying for its own JV and refurbishing of Radio Hill, and funding of the 50-50 JV with offshore money UK institutions, etc...then buy off the institutions with a good prenium, say 50% over $0.24/s.
Currently, the Mkt Cap of ARV = ~$137M. If KL offerred something around $200M (or Cdn/Aus $ 0.35/s) that would result in just a bit of dilution for KL (Mkt Cap: $3.8B). At $18.68/s it would cost KL about 10.7M shares (10.7Ms/207Ms = 5% dilution). KL would become a fatter fish which make it (just a bit) harder to be swallowed by a bigger fish, like NEM, G, AB, etc.., lol.
GH
----------------------------
peep2 wrote: including Eric Sprott who wants to increase his already 18% shares of NVO (or 30%
including options according to Bob Moriarty), or will they listen to the truth who is Bob
Moriarty that has been on NVO's bandwagon since 2008?
Do they liisten to Eric Sprott's nonsense of not equalling the first drills' greater than is
need grades, of 67 g/ton (or whatever the density is), and why everyone is disappointed,
now. OR do they listen to Bob Moriarty's recognition of 15 g/density, which matches the
great Wits mines of south africa but that are much closer to the surface than the Wits'
gold.
From the Bob Moriarty link already given today:
https://www.provenandprobable.com/bob-moriarty-stop-look-listen/ "Well, let’s talk about what just last happened in the last couple of days. Novo released a press release, and they were talking about samples coming back from three of the trench samples. The really interesting thing is that one of them was 15 grams, one of them was 17 grams, and the other was actually
above the pay zone, so it was 1.3 grams, and all of them were important for different reasons. Now, strange enough, the gold grade, overall is around 15 grams and the width
identical to that of the Wits (south africa)"
.........
.........
"The problem is, the first results were 67 grams, and that was so extraordinary, that anything less than that, everybody was disappointed, and said, “Okay, I don’t want to play anymore.” They’re forgetting that Witswatersrand produced two billions ounces of gold. Now, there are some specific issues with Western Australia. The gold is very nugget-y, which means it’s very difficult to manage it.
But, in this case, this gold is right at surface, (but) they go down to 15,000 feet in South Africa, and that’s very expensive to do, and it’s very dangerous, and it’s very difficult.
(If) You can mine 15-gram material at surface, you’d make a lot of money."