Artemis Gold Inc V.ARTG

Let me post my reasons for v.ARTG takeout price of $40!!!

[therookie87]

I've been asked to justify my $40 target price for ARTG, so my crystal ball tells me the following:

i)  as we head into ARTG's target for their first pour in Q4, ARTG share price should be at $15 - $17 range;

ii)  when they do their first pour, we can anticipate some form of media coverage, so that will add some added interest to our gem here...price now:  $17-$20

iii)  someone is going to start kicking the tires here with ARTG...someone = Newmont or some one else ...this will start stirring the pot here

iv)  As word gets out, others will start joining the party...like Barrick.

v)  So, now, we have two possible suitors for ARTG, which shouldn't be a surprise to anyone as these two were the two front runners.

vi)  Out of the blue, but not a surprise over here, is that NEW GOLD is going to come out of the woods and start making a lot of noise about buying back Blackwater.

vii)  As always, we never take the first offer...which is probably $30...so, after the rumblings starts to settle, they decide upon $35 - $40 for us...rmemeber, as Steven Dean said, Insiders own 38% of the shares and they, like us, will want a max return!!!

The one thing to keep in mind here is that with the media hype about reducing foreign nationals coming into the country, Newmont may have a tough time entering into the bid for us even though they own shares of ARTG. So, it very well just might come  down to Barrick and new Gold???

[Boreas7]

Bristow said that he won’t pay any premiums for acquisitions. https://www.mining.com/web/gold-miners-say-theyre-now-disciplined-as-dealmaking-heats-up/