RE:RE:RE:Wow even Stever50 has thrown in the towel on this junkOlivut is dead money. Leni said she can't do much in terms of drilling because of the Covid restrictions in the NWT over the last 18 months. So, yes....we are all stuck in this. Because there's a chance for a Rare Earth deposit on Olivut's property, I can't justify selling this. So, like I've been saying for 7 years now: I sit tight, and hope I'm right!! LOL!!
But, I'm concerned too, just like HCallahann44. There's really nothing to say. Nothing but bad news for anyone who invests in commodities. I haven't added or purchased any commodity stocks since late May of this year. I'm just holding what I have. The Dow, and other major indices can continue to go higher for many years to come, but I wouldn't invest in these until after a healthy correction of 20% or more. Inflation is running rampant. Eventually, our commodity holdings, including Olivut, will be all anyone talks about. So, we must sit tight, and wait. The last major gold bull market of the 1970s is playing out with many similarities to today. From 1970-late 1978, commodity stocks did very little. It wasn't until the last 15 months or so of that decade that we saw $0.07 gold exploration stocks go to $538/share without any splits!! There were several companies that made gains like this. Once 1980 came, the gold bull market was over. Several millionaires were made because they held their mining/exploration holdings until Richard Russell made his famous call to sell all gold holdings, as the Dow equaled one ounce of gold. 870Dow:$850Gold. That was the top.
We are all frustrated, but we have to hang in there. I trust Leni and her team.
HCallahann44: There is still one crypto you might want to look into: HBAR. Hedera Hashgraph. Very cheap still....but not for long.