Post by
arh0070 on Oct 04, 2017 1:10pm
artemis
First this MacArthur deal is old news .60,000$ is not a lot of money .Gold fever is in full swing right now. Very strange trading pattern today ,artemis was up 5 Australian cents overnight on the Aussie exchange but basically stable in US dollars quote on fidelity just now .Much higher trading in Australia than in the US markets .I much prefer De Grey resources ,less shares out, proven reserves of over a million ounces of gold and currently drilling a none gold prospect in the Pilbara no matter what happened to their respective share prices in a day overnight .De Grey will be stable until the deal with Kirkland lake is done in mid November .Artemis is risky business .Whoever in Australia with the 16 million options exercisable at 2 cents decided to take their shares and sell them for a 3million dollar profit rather than take a chance .No matter what anyone thinks it is going to take a long while to prove up resources ,I don't know how big the gold analysis lab is in Perth but when they start getting the large bore sample it will no doubt take some weeks/months to analyse them