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

[kingdaddymack]

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[goldminer01]

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[Raptor7]

kingdaddymack I'm not sure why you are showing a preference for Novo at this stage.  Comparatively, I see this one trading at pennies on the dollar.

[kingdaddymack]

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[Raptor7]

kdm I think we must all recognize the downward pressure that has been placed on the share price due to all these outstanding options.  At the beginning of the year there were 153 million and a report from about a week ago showed the number reduced to about 16.9 million.  Seeing that the options expired this past weekend, I am going to go out on a limb and predict that this number has

[kingdaddymack]

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[brandy2000]

"Clearly someone is selling a lot of artemis shares into this buying ". I would look no further than the NOVO... it's starting to look like the ARV price is pegged for a take out...

[Markedtofuture]

 Artemis Resources Retweeted willem middelkoop‏ @wmiddelkoop  13h13 hours ago More willem middelkoop Retweeted David Lenigas Proud share holders David (full disclosure: Commodity Discovery Fund now owns over 22mln shares in Artemis) https://twitter.com/Artemis_ARV

[Turtleinvestor]

Artemis Resources has around 500 million shares count after a 10-1 shares consolidaton, that is way too many shares, its a huge drawback besides it is traded on otc market in the US, the share prices are overly manipulated ,they don't match its closed price in ASX ahead of time  I had thought about buying it a few months back but gave up for above mentioned reasons.

[Turtleinvestor]

Sorry, wrong board, it was intended to post  on MMS board. I had no idea why it led me here.

[kingdaddymack]

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[kingdaddymack]

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