Will Purcell 2022-03-31 20:48 ET - Market Summary
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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a positive 102-96-112 as the TSX Venture Exchange rose six points to 892. Leni Keough's Olivut Resources Ltd. (OLV: $0.07), in what became a rite of in the early 2000s, is cheering drill targets on its HOAM diamond project, near Fort Simpson in the southwestern Northwest Territories. Unfortunately, in another rite of spring that first appeared nearly a decade ago, the company appears unlikely to do any drilling this year -- an improbability enhanced by the company's $1-million working capital deficiency as of the end of January.
Unfortunately, Olivut's list of worries -- stated risks -- has grown from burdensome to beyond unwieldy, with the latest addition: War in Europe, which the company says is impacting global economic conditions and potentially "impacting the availability of equity financing." Ms. Keough, president and chief executive officer, continues to blame the pandemic, now endemic, for Olivut's meagre financings, and she dithers that climate change could delay or cancel the company's exploration plans. Indeed, Olivut now lists six main worries, with seven other subordinate items about which one can fret.
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Sounds a bit like hits under the belt imo. Don't have the whole article but I think this says enough.
Eka