Pilbarra Forum

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Clarki Stomias
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Pilbara/Purdy's Reward Geology Overlays

I can’t remember if this was posted previously. Helpful. Still want to be able to do this myself to better assess the peripheral players. 

Clarki Stomias
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More Artemis Drama

Guess I posted too soon by posting yesterday that I'm gonna give the Artemis CEO the benefit of the doubt.  But I'd be remiss not to post the latest dust up here. To follow along better, you should go over to the CEO.ca Novo boards though. https://ceo.ca/nvo  It's funny now that two posts there compared him to Robert Friedland after I'd made the same analogy yesterday.  

In a nutshell -

A poster names cigarbutts on stockhouse.com is questioning the validity and shadiness of the recent land acquisition by Artemis.

https://www.stockhouse.com/companies/bullboard/v.nvo/novo-resources-corp-common-shares?postid=26943490

https://www.stockhouse.com/companies/bullboard?symbol=nsrpf&postid=26943998

Which prompted this response from CEO David Lenigas:

https://twitter.com/DavidLenigas/status/929317616681922560

Either there's something there or Lenigas has seriously thin skin. Neither of which increase your faith in your CEO.  This Lenigas guy... sigh.

SilveryBlue
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ARV CEO

Hi, Actually I think I would also react to baseless accusation also. He is a CEO of a listed company, so has a reputation to defend - unlike the anon poster.

I can't find any actual quotes that are whiffy. I do wonder where the speculation that the JV is under stress comes from.

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Cigar just got his butt handed to him!!

I don't know if it's slander or defamation? I have no time for people making unsubstantiated written or verbal attacks on people. It's wrong....plain and simple. Without any evidence to support his allegations, ol cigar butts is going cop it sweet I reckon.

lakedweller2
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Hot Copper

After reading Hot Copper for a week, one of the Aussie posters made sn astute statement that the Aussies invest for pennies and the North Americans imvest for dollars and hold longer.  This could lead to conflicting market movement.  The Aussie ecpects the Aussies to be priced out with Aussir mines owned by foreign deep pockets.  Some logiv there. And posdible amnimosity.

lakedweller2
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Hot Copper

Dup

TF Metals fan
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Artimis CEO

Yesterday Allan Barry Laboucan chaired an investors meeting into the Pilbara region. Keynote speakers: John Kaiser & Dave Lenagas (DL starts at 43:30)

Very interesting presentation. And we may see a pink plant on top of Radio Hill. 

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Stocks hit on ASX

The Pilbara stocks on the Australian market - mainly ARV and PIO were hit hard on opening today ? Anyone see any info on this other than profit taking ? This cant be only related to the CEO and the land purchase by ARV

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goldfanbrad
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ARV and PIO

Ronnie 666 wrote:

The Pilbara stocks on the Australian market - mainly ARV and PIO were hit hard on opening today ? Anyone see any info on this other than profit taking ? This cant be only related to the CEO and the land purchase by ARV

Not as hard as they were the last few days. And ARV is actually currently up on the day at the moment.

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ARV

On Australian market ARV currently up 10.8% on the day, after being down almost 10% the first hour of trading. Should be higher here in the US tomorrow. Hopefully the last few days were just a washout and we can turn and the Pilbara stocks can continue higher.

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Artemis taking charge?

https://mobile.twitter.com/DavidLenigas/status/931008854716018688

https://mobile.twitter.com/wmiddelkoop/status/931026461930262528

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Dingo
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Twiggy - where are you?

Andrew "Twiggy" Forrest may get involved??? That'd be an interesting turn of events. He founded Fortescue Metals Group, after having a family Cattle Station (Ranch) in the area. This is turning into a big soap opera....... Maybe Aussies will finally take an interest if Channel 9 makes it into a mini series.

Does sound like DL and QH aren't on the best of terms. It must be bittersweet for QH. He was looking for this play in the wrong place for years. The market (in respect to Novo) has interpreted the staking of 1000s of km^2 as better than a stick save, furthermore, assessing Novo as having the preeminent land tenure for this Conglomerate play.

What do those exploration licenses cover though? The water catchment area for Harding Dam? Millstream National Park? I don't know actually, however, these lands are very close, if not overlapping a substantial percentage of Novo's pegged land. Aboriginal Heritage issues maybe the biggest hurdles??? The depth of the conglomerate is also Unknown.

All of these realities could be biting at QH at the moment. How long is it before Novo shareholders key into these issues?

cavalier
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Novo news undercuts what DL said

DL of Artemis at the Exploration Revival Conference which TF Metals Fan posted above said that one reason Artemis was good was that it had its permits, licenses and approvals. He said that the prior owner of a lot of the Artemis land spent 5 years trying to get the heritage agreement, but could not. Artemis was able to get it in two years.

While the Novo news did not seem that big, Novo got the general heritage approval for Comet Well and surrounding land in a very short period of time. It did not take 7 years. Therefore, DL's hype on how valuable their heritage approvals are and how long they take  seems a little overblown.

One message board posted said a while back that Comet Well has had a steady stream of people for many years picking up gold nuggets. The sooner Novo can explore its own 100% owned land the better for Novo, and possibly worse for Artemis. I own both but like Novo a lot more. DL makes me nervous. ES did not buy into Artemis, but did buy into many of the other players.

phil288
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novo approvals

I could be wrong, but the way I read the novo announcement was that they had an agreement to work expeditiously on the approvals and would grant 100,000 novo shares to the aboriginals when the approvals were finalized.   Just my take and I too own both Novo and Artemis.

Dingo
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It's the definition of "expeditious" really

I live in a town with more Aboriginal people than non indigenous folk. Our definition of quick or expeditious is a lot different to theirs. Money issues are treated very differently too. Comet Well might have absolutely no cultural significance to these guys at all - and this could be speed up (I'm sure). All it takes is finding some rock art, burial sites, a suspicion from an Elder or Anthropologist - and this thing will be slowed down, even if 10 million shares were offered.

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