Post by
arh0070 on Jan 14, 2018 10:28am
Arv
Well time will tell which of these stocks does the best .I listened to the entire recent Quentin hennigh interview .He comes across very much as very smart geologist .Its also apparent that the inital euphoria has been replaced with reality and the expectation that figuring how much gold in these conglomerates are present and whether it may be economically mined is going to take a long time to figure out ,so its going to be a long term play .What novo and artemis owns is a very large area to explore and its going to take years .I personally own KL,DEG ,NOVO and others ,have owned artemis but sold out at a higher level .Also have been buying back DEG,Novo .Its probably a decent time to buy any or all of them now that they have corrected down from the euphoria .The news cycle which seems to drive these small penny australian stocks with huge amounts of shares out will resume soon .
Whether it is better to renovate a plant (radio hill) which was closed and was rotting in the outback for years or build a new plant (that is what Deg may do) remains to be determined .
So artemis languishes while it awaits DL,S return from London and the hype begins again .Lots of people who are neophyte investors got sucked in by the hype and have lost a great deal of money in this correction .Whether those people will return and be believers again remains to be determined .I predict with all the projects artemis seems to be doing all over the place with multiple metals that they will need to raise money and add to the large number of shares outstanding .I doubt very much that they are even close to being self supporting given all the projects etc that they are talking about .ARH