Post by
arh0070 on Nov 27, 2017 10:37am
Kitco
The article on kitco if anyone bothers to read it refers to a research report from a Melbourne based investment firm with knowlege of gold exploration in the pilbara over a long period of time .Rather than the foolish boosters who seem to frequent these bulletin boards ..The suckers that listen to thier uninformed comments are looking at a halving of the price of artemis in the space of a few weeks .Same situation for the novo booster club though the losses from the peak are slightly less .
One of the issues going forward for artemis is that it is now the slow season for exploration in the pilbara until the end of January .second Artemis is doing a lot of different things in an unfocused manner and spreading itself too thin ,there will be a relentless need for capital and dilution .On we go up to a billion shares .
The investors behind lenigas got in at 2cents and have been happy to sell to the suckers at 50. Cents no doubt ,its a pretty tidy profit .The foolish posters who were predicting a buyout at 1.00$ a share seem to have disappeared .Simply ignoring facts and opinions that may not be the same as the booster club is just like the camel putting its head in the sand ,it doesnt work .
I have been and will continue to invest cautiously in this space and take profits where appropriate mainly through Kirkland Lake (it is up this morning )Bought back some novo probably alittle too early .No money in artemis right now but might buy some when the booster club disappears and the suckers are screaming with pain .arh
Comment by
HillsboroughMan on Nov 27, 2017 12:02pm
I played this story mainly through Kirkland and it is working out really well to my surprise. Concerns at the start was nugget effect and boosterish boosting.
Comment by
Plum62 on Nov 28, 2017 10:19am
hard to argue that KL is not the safe bet. It is. It just depends on your personal risk tolerance. If you're like me you go NVO ARTTF, etc