Artemis Resources Ord Shs ARTTF

Spoke with Ed Mead Managing Director

[truestar2]

Sold my NVO and took a position the last two days.  I spoke with Ed Mead this evening and he admitted that the 68 g/pt strike caught everyone a little off guard as the region they are in has no big mining companies although all the locals have jars full of gold.  I'm tempted to jump on a plane and go see for myself.  They trade an average of 10MM shares a day on the ASX and have 20MM AUD in options coming into their coffers at the end of September which will put 25Mm AUD in the bank + the 4MM Novo shares coming due in a year.  If the gold is real this is going a lot higher.

[onetok]

Am new to this blog. Thanks for the intel with Ed Mead. Good to hear that managemnent is surprised with upside. IMHO that is not a bad admission. ARV has 29mm shares to be released from escrow on 29 August. Picked up some ARV on asx this week. Now we wait. GLTA.

[onetok]

correction, 28mm shares. my apologies.

[Zerosum]

Those 28 million shares were given to Fox Resources for the Radio Hill and land leases. A processing plant which will likely process any ores from NVO/ARV JV and perhaps NVO Comet Well too. Fox may not be iin a hurry to dump those. Then again, they could use the cash-that's why they did the deal after all. https://artemisresources.com.au/wp-content/uploads/2017/03/20170301-ARV_Radio-Hill

[onetok]

Thanks Zerosum. Will be holding mine. This story has a bit to go. GLTA.

[kingdaddymack]

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[Zerosum]

Reverse... they just did one believe it or not. In January. From over 4 Billion shares to under 300 million. Would they do another? Anything can happen! What's the insider ownership like Here?  

[kingdaddymack]

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[kingdaddymack]

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[truestar2]

Added more shares yesterday - these guys are a bunch of tough aussies and although it appears they just won the lottery they are not giving this thing up cheap - they have the only processing mill within 500 kms and if the gold is real who knows what the value could be - this could be the beginning of one of the world's future leading mining companies