Artermis Resources - ARV - Gold, Silver, REE

[trackers]

This one looks interesting. Being held down at the moment by a Paterson's capital raising which is to fund an extensive drilling campaign (5000 meters) at Mt Clement (currently underway).

@ 7c, Market cap is around $21 million after cap raise of 5mil

Mt Clement Gold:

There has been a lot of drilling at Mt Clement (Newmont, BHP among others) during times of very low gold prices ($200/oz). ARV has found additional resource as well, and current drilling is expected to infill and extend this even further.

ARV's 4 holes into high grade zone returned;
ARMCRC001 - 6m @ 8.8g/t gold, 558g/t silver
ARMCRC002 - 2m @ 3.22g/t gold
ARMCRC007 - 20m @ 7.3g/t gold, 395g/t silver
ARMCRC008 - 35m @ 2.9g/t gold, 119g/t silver

The high grade zone was successfully drilled over an area greater than 100m x 100m with gold, silver and copper mineralisation extending beyond the limits of drilling

2992

There is also potential for open cut mining of near surface mineralisation

Yangibana REE project:

Dr. Anthony “Tony” Mariano, a world leading rare earth specialist has agreed to become a special advisor to
the Artemis Board. As a world‐recognized authority on carbonatites, alkaline rocks and rare earths, Dr.
Mariano provides Artemis with access to more than 50 years of experience in studying rare earth and rare
metal deposits. Tony has consulted to the United Nations, the United States Government, many of the world’s
rare earth explorers and developers including Molycorp and Neomaterials and has authored and co‐authored
many technical publications on rare earths.

After looking at the drilling samples he stated "the neodynium values contained in the rocks at Yangibana are the highest he has observed in any rocks"

Currently awaiting assays. Note that they haven't mentioned much of this as of late, so I'd be weary of ARV's REE potential (though some may disagree!)

Yandal Gold Project:

Historical drilling:

24m @ 3.10g/t,
8m @ 6.30g/t,
5m @ 4.30g/t,
16m @ 2.90g/t,
17m @ 2.30g/t,
3m @ 8.00g/t,
16m @ 2.20g/t,
2m @ 9.80g/t


Disc: Hold a small parcel.

[JBmurc]

Good tracking tracker might have to have a closer look today

[JBmurc]

Like the look of the opts ARVOB 5c ex price 30th june 2011 current SP 4c --bids 3.3c offers 4c

[trackers]

Hi JBMurc, another option (and I did this yesterday) is to buy the exchange traded rights issue (ARVR - closes tomorrow).

They're trading at 2c, conversion is 5.5c PLUS you get 1/4 of an option for each right, so thats about 1c worth.

So it costs you 7.5c all up and the current worth is 7.6c + 1c=8.6c. Bonus!

The two downsides are:

- You won't get the shares until the rights issue is done and dusted, 5 Nov, so you're exposed to fluctuations in sp until then.

- You have to work out what the go is re: conversion. I thought I'd get the rights and pay the conversion to the share registry, but it looks like ASB Securities has already done it for me by levying me the face value + conversion price all in one go.

[JBmurc]

yes had an order on the ARVOB at 3.5c don't have the time of the hassle with the ARVR even though it does look good have to pay 2.3c min opts are at 4c(or 1c free to arvr so your getting your arv for say 6.8c if you could sale opts at 4c)
the ARV at 7.6c
think I've missed my chance to buy cheap just at the moment will watch closely for any pull-back on the opts or heads

[yogi-in-oz]

:)

Hi folks,

ARV ... has had some good support recently, volumes up and
price ticking up steadily, now ..... looking at our astroanalysis,
we will be alert for a serious pullback, in the last week of
November 2010 ... from 25112010-03122010, just ahead of
another positive aspect, due around 06-07122010 ... :)

have a great day

paul

:)

=====

[JBmurc]

well I might well get them cheaper i like the GOLD,SILVER,REO mix of ARV that an the cash they will soon have to increase the drills to see how big a resource they have some of the drill results look very nice
Now going off the short term chart high 6's 6.7-6.9 for the ARV want do you think trackers support 7c & 6.5c the latter being the strongest

[JBmurc]

On board ARV 6.9c could have got cheaper today still up at 7.3 now so nice $600 profit so far today
ARVR hit hard down 20%

[trackers]

Last day for ARVR today, before they disappear. I've bought and convert my rights already. Nice entry there JBmurc you've done well!!

[JBmurc]

So how well are you looking to do out of the rights compared to me buying ARV at 6.9c

[trackers]

Possibly a little better, but negligable. 2c rights + 5.5c to convert = 7.5c buy in, but I also get 1/4 option (about .8c worth) per right, so that takes my buy in to 6.7c.

Plus.. When I bought my rights my broker (ASB Sec) charged me the whole price, and forwards it to the registry. So I don't need to do anything at all to convert these (verified by both ASB Sec and the registry).

Come to think of it, I should just go get more ARVR right now whilst they are at 2.1c....

[JBmurc]

I have a ASB sec account with AUD call account but moved all my shares an funds to my E*trade account which I find a much better platform even though I do like the ASB sec upgrades I don't no if E*Trade would sort out

[JBmurc]

WOW what a finish just before 5 I stumped up for another 100k 7.1c to go with the 150k 6.9c yesterday now It closed strong 7.9c thanks for bringing it up tracker did some more study on ARV today got a good feel it will reward --Cash+high grade GOLD/SILVER+REO exposures nice mix worth a ride for awhile yet

[trackers]

Hey JB, yeah I chucked an order in at 7c but didn't get filled sigh!

Quarterly due out in a week

[JBmurc]

Yeah I was lucky to get onboard before the major buying pressure hit in the last hour an took the volume from a few mill to 15mill with the pullback in gold overnight but the late major buyer surge late yesterday to 8.3 highs looking forward to today open at 7.9 I reckon the same as yesterday a pullback to mid 7's before the rare earth/gold mix stirs majors buyers into a freezy buy before the close

[JBmurc]

Up 21% in 2 days at current SP very nice ,keep it coming

[trackers]

....Toot toot!

[soulman]

....Toot toot!

Toot toot again. Although I sold too early at 9.3. Well done boys.

[trackers]

Yip looking great today, thats probably a decent exit Soulman.

Wish I'd picked up more in the rights issue at 5.5c (which the shares, incidentally, start trading on Friday and could put short term pressure on price)

[JBmurc]

very nice :)

[JBmurc]

wow what a volatile stock flying one day getting smashed on good REE drill results the next day if I wasn't in fiji kicking back I'd have have sold a few in the high 9's

[trackers]

Very volatile indeed.... I would have sold mid-9's too but I picked mine up in the rights issue. Might look to sell into any positive Mt clement drilling news, but we will see

[JBmurc]

Very volatile indeed.... I would have sold mid-9's too but I picked mine up in the rights issue. Might look to sell into any positive Mt clement drilling news, but we will see

yeah am temped to buy more at these levels still why is there so much selling pressure the last news ann. sounded good to me something we don't know ?

[soulman]

Yip looking great today, thats probably a decent exit Soulman.

Wish I'd picked up more in the rights issue at 5.5c (which the shares, incidentally, start trading on Friday and could put short term pressure on price)

Probably just selling pressure from the rights issue of 5.5 cents. The trend line has been smashed but the second trend line is still intact. That was a decent exit Tracks. However, bought the options and took a loss there. Still a good result overall.

[gazprom1]

Just bought a few 6.7. Will pick up a few more if it drops a little further. Tahnks Trackers for bringing it to my attention. Been watching it since you first posted.

gazprom

[trackers]

Hey Gaz, no worries. Mt Clement looks good, though I am a little bit worried about all the people talking rubbish on HC (usually a bad sign that the register is full of the wrong people) + hope the pressure from rights selling over next couple days isn't too bad (its worse than I thought though thats probably a combination of Patersons exiting + traders who jumped in for ST REE pump hitting stops?)

How's the rest of your stocks going? ADD trading ex rights yet?

[gazprom1]

I don't look at HC just because there are too many rampers there and a lot of P & D. ADD doesn't close until the 17th. I like the look of it. Trading at 2.2 and new issue is at 2 plus one option for every two new. I was on the bid at 2.1 y'day but did no pick any up. BUR has been a little disappointing. Cap raising at 5.5 with one free option for every 3 new (not yet issued). Currently trading at 6.5...so ok but fracc was a success as far as I can see with lots of liquids v gas which is great. Feel like a goose with EKMO. Sold out at an 80% profit after 3 weeks but could have had a 5 bagger!!!! ITC has been ticking up nice as has HZN, MAK, CFE. AMU is due to announce at the end of Nov. the results of the potential sale process....looks cheap to me at the current SP...but who knows!!

Hope you all your stocks are doing well!!!!

Cheers
Gazprom

[gazprom1]

Hey Gaz, no worries. Mt Clement looks good, though I am a little bit worried about all the people talking rubbish on HC (usually a bad sign that the register is full of the wrong people) + hope the pressure from rights selling over next couple days isn't too bad (its worse than I thought though thats probably a combination of Patersons exiting + traders who jumped in for ST REE pump hitting stops?)

How's the rest of your stocks going? ADD trading ex rights yet?

I am out trackers. it was short and sweet just a matter a couple of hours. 9% - $1140. Sure looks to be going higher but happy to have paid for the groceries this week=)=)

[gazprom1]

Very volatile indeed.... I would have sold mid-9's too but I picked mine up in the rights issue. Might look to sell into any positive Mt clement drilling news, but we will see

I am back in Trackers. Could not resist the temptation...6.8 this time. Will exit early if I can get out at a quick profit otherwise will hold for drill results.

Gaz

[trackers]

Hey Gaz, you're keen! Glad you made a couple bob off it already, and you've got a nice re-entry there. Hope the downward pressure of the rights issue shares isn't too bad, could even be coincided with a pump from positive Mt Clement news which would be ideal (I'd hope to sell into that and keep my free oppies but we'll see I guess).

[JBmurc]

Still holding not planning on selling till more results are announced just checkout the Gold/Silver/REE prices ARV could well surprise us before the years out
(think this time I might take some profit round 10c)

[gazprom1]

Trackers,

I have had another solid trade with ARV...in at 6.8 and out at 7.4. May be some news in the wind.

Gaz

[trackers]

Very nice Gaz, I offloaded some yesterday in case things got (or still get) nasty.... Holding a reasonable % of cash on the sidelines... Still holding a good amount of oppies though.

I might start trading the heads as well, bounces around nicely within a pretty set range huh? Though having said that, don't think I'm as good at picking the top as you seem to be!!

[gazprom1]

Very nice Gaz, I offloaded some yesterday in case things got (or still get) nasty.... Holding a reasonable % of cash on the sidelines... Still holding a good amount of oppies though.

I might start trading the heads as well, bounces around nicely within a pretty set range huh? Though having said that, don't think I'm as good at picking the top as you seem to be!!

I am pretty crap at picking the top Trackers. I have been buying reasonably well. Probably a wise decision to have some cash on hand. I have sold a few shares but more to pay for a couple of concrete things....which is similar to cash I guess. ARV does bounce arounda fair bit with no associated noise/news....I guess the new issue has recently being completed so things are probably settling down.

Subscribed for extra shares in BUR (via rights issue) at 5.5 (with one free oppie for every 2 new) which turned out to be a very nice deal as the oppies are trading at 2.5 - 2.8 and heads at 6.7. Portfolio is a little skewed with a holding of 19% in BUR. Also, have continued buying ADD and have particiapted in their cap raising although they specifically did not allow SH's to apply for extra shares....!!! Oppies should be trading next week.

Your news???

gaz

[trackers]

Nothing too much changed on my end - Sold EKMO at 0.37 and brought them back at 0.29.

Sold NWE at 0.039, bought them back at 0.035, sold them again at 0.038 (when I saw rig expected in April...) and bought them back at 0.034 - One of my better calls this week.

Hanging in there with ARVOB, SMD and YTC.

BUR does look pretty good...

[gazprom1]

Great on EKMO....hope you get another run on it. I took my profits about 400% too early but I was happy with my profits. NWE is interesting...bought at 2.9 sold at 3.9 and just watching them leak down at the moment. Will wait to see if they test 3 again and pick some up then.

Surprised that SMD did not do anything after the drill news. Was going to buy a few but did not. Will need news to push it higher. I follow AVBOB but never invested....has been a great investment for some.

I am waiting for the ADD cap raising to finalise as I believe they will release a fair bit of news pre-Xmas about securing further land in Indonesia as well as timetable for coal production....interesting times ahead.

...hoping for a re-enrty into ARV...friday blues maybe???

Gaz

[soulman]

Great on EKMO....hope you get another run on it. I took my profits about 400% too early but I was happy with my profits. NWE is interesting...bought at 2.9 sold at 3.9 and just watching them leak down at the moment. Will wait to see if they test 3 again and pick some up then.

Surprised that SMD did not do anything after the drill news. Was going to buy a few but did not. Will need news to push it higher. I follow AVBOB but never invested....has been a great investment for some.

I am waiting for the ADD cap raising to finalise as I believe they will release a fair bit of news pre-Xmas about securing further land in Indonesia as well as timetable for coal production....interesting times ahead.

...hoping for a re-enrty into ARV...friday blues maybe???

Gaz

You got your wish with ARV Gaz. I sold yesterday at 7.3. The chart still looks good and ARV got a lot going for them ATM with cash and drilling program.

[JBmurc]

Drilling Expands High-Grade Gold, Silver and Copper at Mt Clement
• High grade gold, silver and copper extended 50m to the north
• High grade gold, silver and copper deepened by 40m
• 3.0m @ 5.22g/t gold and 87.7g/t silver, in hole RC011
• 3m @ 4.28g/t gold, 105.5g/t silver and 0.73% copper also in hole RC011
• 6m @ 4.34g/t gold, 7m @ 581g/t silver and 5m @ 1.85% copper in RCD005
• 4m @ 4.22g/t gold and 3m @ 76g/t silver, also in RCD005
Australian resources company, Artemis Resources Ltd. (80%) (ASX: ARV) as operator of the Mt Clement JV with Northern Star Resources Ltd. (20%) (ASX:NST) today announced a significant extension to the high-grade mineralisation from its current drilling program at the Mt Clement Gold Project in Western Australia. The drilling successfully extended high-grade mineralisation 50m to the north and has deepened the known mineralisation by 40m, with potential for further significant extensions. First results from the current drilling include:
• 11m @ 2.09g/t gold, 88g/t silver and 0.32% copper from 39m depth in hole ARMCRC011
• This intercept is enhanced by an internal interval of 3.0m @ 4.28g/t gold, 105.5g/t silver and 0.73% copper at 47m depth
• A deeper lode also in hole ARMCRC011 averages 3.0m @ 5.22g/t gold and 87.7g/t silver from 56m depth


NST went up 10% on ann. they have only 20% J.V with ARV--- NST do have the Paulsons processing facilities nearby and a nice cash-flow think we'll see NST take a larger stake in the J.V and in turn work to get Mt clement to JORC and production far earlier to take over the decreasing resource at paulsons

[trackers]

Grades weren't too flash but nice extensions in the end... Not sure what the market was expecting, but think the sp is being bounced around by traders who are/were hoping for a quick run up to 10c. Reduced my holding a lot recently

[JBmurc]

Grades weren't too flash but nice extensions in the end... Not sure what the market was expecting, but think the sp is being bounced around by traders who are/were hoping for a quick run up to 10c. Reduced my holding a lot recently

Yeah the nearby Paulson mine has a average producing grade of 7.8g/t but they don't have Silver/copper still confindent Mt clement will be a commerical discovery with prices heading higher and a plant nearby---I'm not selling any

High grade near surface gold, silver and copper has been intersected at the Mt Clement Gold Project JV between Artemis Resources and Northern Star Resources located just 35 kilometers from Northern Star's operating Paulsens Gold Mine which produced 30,602 gold ounces in the September quarter.

Drilling extended mineralization by 50 meters to the north and 40 meters deeper with potential for further significant extensions. With Paulsens mine in proximity, it would seem to raise potential for Artemis in terms of a potential agreement with Northern Star should future drilling continue to yield results.

During the September quarter, Artemis identified significant near surface gold intersections at Mt Clement, returning some stunning gold intersections of 6 meters at 8.81 gram per tonne, 20 meters at 7.30 gram per tonne and 24 meters at 3.40 gram per tonne gold.

First results from current drilling included:
1. 11 meters at 2.09 gram per tonne gold, 88 gram per tonne silver and 0.32% copper from 39 meters including an interval of 3 meters at 4.28 gram per tonne gold, 105.5 gram per tonne silver and 0.73% copper from 47 meters. A deeper lode also averages; 3 meters at 5.22 gram per tonne gold and 87.7 gram per tonne silver from 56 meters.

The current drilling program at Mt Clement includes reverse circulation and diamond drilling, aimed at extending the mineralization both along strike and at depth. The Mount Clement Gold project comprises three mining leases and two exploration licenses over 14.5 square kilometers in the Ashburton area of Western Australia. As part of its recent acquisition of the nearby Paulsen’s Gold Mine, Northern Star also acquired 20% free carried interest to feasibility stage in the mining leases.

[soulman]

I have been a lucky SOB on this beast. I have managed to get out before the storm hits.

Sold 2 holdings for 9.3 (bought at 7.6 and 8.0). Then re-bought at 9.4 the same day. Sold that one for 9.7 when they release a RE announcement that turns out to be a pear. Re-bought at 6.9 and sold for 7.3. Re-bought at 6.9 again and sold for 7.4 when they release the gold, silver announcement this Mon. Not looking to buy....yet, as a clear downtrend is beginning to unfold.

I also took a loss on the options. Bought for 3.8 and sold for 3.5. That is a great loss.

[gazprom1]

[QUOTE=soulman;328229]I have been a lucky SOB on this beast. I have managed to get out before the storm hits.

Sold 2 holdings for 9.3 (bought at 7.6 and 8.0). Then re-bought at 9.4 the same day. Sold that one for 9.7 when they release a RE announcement that turns out to be a pear. Re-bought at 6.9 and sold for 7.3. Re-bought at 6.9 again and sold for 7.4 when they release the gold, silver announcement this Mon. Not looking to buy....yet, as a clear downtrend is beginning to unfold.


Excellent SM...doesn't sound like you have been lucky. Sounds like you have been playing the numbers and doing a great job - congrats. Does seem to be trending down.

Gaz

[JBmurc]

Think we'll see a turn round next week sounds like Patterson's might well have been the major seller of late should be an announcement soon if true which is well known to be Pattersons style help raise funds sell down cheap shares for a quick buck then put out a spec buy (which they just have)as they have stopped selling the bid pressure should help bring back to a fair value

I personal liked both the reports Both the Gold/silver/copper at mt Clements and the REEs both look like potential company re-raters with more work I've certainly seen many worse drill results

Should have sold but now going to sit tight GOLD,SILVER,REE a great place to be invested IMHO

[soulman]

Excellent SM...doesn't sound like you have been lucky. Sounds like you have been playing the numbers and doing a great job - congrats. Does seem to be trending down.

Gaz

I think luck plays a part in my case. Just good timing. I have been lucky in MOG as well where I traded it 3 times and all 3 times sold at 18 before the slide into 13. There has been some tragic case where I still hold so I guess it goes both ways.

[trackers]

Now we're cooking team, who picked up some while they were cheap? (raises hand)

Very very good announcement.. A significant extension to strike and really good grades

[JBmurc]

Now we're cooking team, who picked up some while they were cheap? (raises hand)

Very very good announcement.. A significant extension to strike and really good grades

Yes ARV is very undervalued the results from asset are great IMHO many traders let the market dictate if a result is good or not I guess it's like the F/A and the T/A debate one states ARV is a Strong buy the other a sell because the T/A don't look great after the news
I'm a F/A based investor so would be buying now

[Entrep]

Down under 6c now on pretty high volume. Like the fundamentals here too but think will be able to pick some up cheaper. Placement was at 5.5c I think.

[JBmurc]

Down under 6c now on pretty high volume. Like the fundamentals here too but think will be able to pick some up cheaper. Placement was at 5.5c I think.

yeah not much faith from some pattersons no doult selling out

[JBmurc]

big turn round 2011 here we come ARV could well be a market daring with good Gold,Silver,Rare earth,U308 annoucements
haven't sold one share 10c min IMHO early 2011

[JBmurc]

good move up on open should have brought more at recent lows major sellers moved on

[trackers]

Yep looking great today, glad we hung in there :) still quite undervalued really

[JBmurc]

Yep looking great today, glad we hung in there :) still quite undervalued really

yeah for sure just look at their high grade Silver drills -Mt clement- could well be a very profitable resource
brought into STX few weeks back(gone nowhere) did think about buying ARV in the high 5's

[trackers]

Looking good again today, just missed out on some more options at 2.3c bugger lol!

[JBmurc]

your get those opts cheaper now Trackers bit unloved at the moment till market know sizes of resources

3th feb article in the kalgoorlie Miner -now on the ARV website sounds like we will get a resource update before june

[trackers]

Hi JBMurc, yeah this is my biggest disappoint... A company with so much promise yet the market hates it. I think the register is too open, they need someone to take a big stake and do a clean out....

But at the end of the days, these guys aren't stupid and they will get these oppies over the line to avoid getting pillaged by Patersons again, so I expect a nice juicy JORC at the start of June.

In the meantime hopefully some nice results coming out of Yandal?

[JBmurc]

Hi JBMurc, yeah this is my biggest disappoint... A company with so much promise yet the market hates it. I think the register is too open, they need someone to take a big stake and do a clean out....

But at the end of the days, these guys aren't stupid and they will get these oppies over the line to avoid getting pillaged by Patersons again, so I expect a nice juicy JORC at the start of June.

In the meantime hopefully some nice results coming out of Yandal?

Yeah I'm still holding think it'll be one of the shares if you sell the next day they ann. a 1moz gold resource and fly

[Entrep]

Placement at 5.5c (AFAIK) seems to be providing good support and consolidation around 5.7c - thinking about grabbing some ARVOB if I can. Anyone traded this recently or watching closely? I remember seeing it spike and thinking I'd missed my chance, but with the SP now hanging down around here trying to figure out why/whats wrong. JB and trackers are still holding I presume. Cheers
Edit: This also looks like it could be a nice low volume, narrow spread day to enter.

[trackers]

These guys have very very good prospects but they're in a downtrend now... It might pay to wait until the June oppies are out of the way?

[Entrep]

Up 10% today - shame I didn't press buy yesterday!

[soulman]

Up 10% today - shame I didn't press buy yesterday!

Yeah, me too. I was set to get another lot at 5.7, purely based on EV and FA. Since my first lot was 5.9 last week, I decided to play it safe. Nice to see a rise in ARV. Just imagine that I sold these twice in the mid 9 cents mark and twice in the mid 7's. Just show you that buy and hold is a mugged game.

ARV, together with NAV have been a terrible performer in a good, steady market.

[Entrep]

Yup, NAV is definitely a leaky ship

[Entrep]

Options looking like a reasonable punt? At around 1c, 5c exercise and around 3.5 months to run. SP around 5.3c.

[JBmurc]

ARV on the move north should have some results any day well worth a hold at these level could well run like it did earlier in the year back towards 10c

[gazprom1]

ARV on the move north should have some results any day well worth a hold at these level could well run like it did earlier in the year back towards 10c

I am with you JB. If we get a good set of results we should have a break out. Good to see it sitting at 5.3. Thinking about adding a few more at these levels BUT there are a number of attractive plays out there at the moment.

[JBmurc]

I am with you JB. If we get a good set of results we should have a break out. Good to see it sitting at 5.3. Thinking about adding a few more at these levels BUT there are a number of attractive plays out there at the moment.

yeah just look at AMU 33c takeover current SP 26.5c
or NAV,HLX all shares I hold and can't believe they aren't higher

[upside_umop]

So exactly what is quantitative easing?
Well, it is basically like playing Monopoly with someone that reaches under the table and pulls out a bunch of extra money when they are almost broke..
QE.3 on its way

But that person usually wins! :) haha

[JBmurc]

But that person usually wins! :) haha

yeah they win to the other's no longer want to play along

[upside_umop]

This is also true.

Maybe the are explicitly cheating because the 'others' are too? Cough cough..Chinese..

[JBmurc]

This is also true.

Maybe the are explicitly cheating because the 'others' are too? Cough cough..Chinese..

Yeah think the whole lot will be in their own way, and they all know it too..........is why one should hold real assets and not funny money

[gazprom1]

ARV on the move north should have some results any day well worth a hold at these level could well run like it did earlier in the year back towards 10c

HI JB,

A little bit of interest in ARV this am - up 6.8% at the moment...wonder why? Are we due any drill results????

Gaz

[JBmurc]

HI JB,

A little bit of interest in ARV this am - up 6.8% at the moment...wonder why? Are we due any drill results????

Gaz

yeah leaky ship ....we have the mt clement JORC this month(I notice NST doing very well today 20% at Mt clement)....as wellas further Yandal drilling to be ann.
then you see in their letter to shareholders they talk of divestment of non-core assets -rare earth,U308 sale?

should be a good jun/july IMHO for ARV holders

:Also NAV is in a trading halt ??? NAV's BW plants is only 40kms south of Yandal discovery

[trackers]

HI JB,

A little bit of interest in ARV this am - up 6.8% at the moment...wonder why? Are we due any drill results????

Gaz

Shove to get the oppies over the line in my opinion

[gazprom1]

Trading Halt for ARV pending the announcement re the disoposal of a non-core asset. Do they consider their Niger Uranium prospect a "non-core asset"? For that matter, what about their Aussie REE's??

Gazprom

[JBmurc]

Trading Halt for ARV pending the announcement re the disoposal of a non-core asset. Do they consider their Niger Uranium prospect a "non-core asset"? For that matter, what about their Aussie REE's??

Gazprom

yeah must do, if they get a good price it will be worth it they have three very good assets in W.A- the Bali hi- high copper silver rock chips are well worth exploring into further,Mt clement ,Yandal have shown to have good gold grades if they focus the funds from the sale on these think we'll be greatly rewarded

[trackers]

Think new management are doing a good job so far. Would like to see them get rid of REE, they're not going to be able to develop them on their own.

Sold out a couple months ago, but might look into these guys again once the oppies are gone

[gazprom1]

News is out - Yangibana RE Project to be sold for up to $4 million while retaining a 10% free carried interest. IMo it is very good news for ARV as will give them cashflow and no need to fund any exploration - also sold for a tidy profit. Yangibana is years away from being a producer. ARV has enough pans in the fire and should focus on gettting their gold projects developed.

Gazprom

[JBmurc]

News is out - Yangibana RE Project to be sold for up to $4 million while retaining a 10% free carried interest. IMo it is very good news for ARV as will give them cashflow and no need to fund any exploration - also sold for a tidy profit. Yangibana is years away from being a producer. ARV has enough pans in the fire and should focus on gettting their gold projects developed.

Gazprom

Yeah agree ARV should be sitting on quite a nice cash pile they have some of the better Gold exploration grounds going in the west will continue to hold
like their view to focus on the gold asset ,also just brough some JORC gold project to add to the three they have 1moz Jorc resource target should be within reach for ARV

[trackers]

I think once the oppies expire worthless this could re-rate...

Though I'd caution about the cash situation, they sold Yangibana for $4mil true, but that is $1mil now, $1mil in October, and $2mil after bankable feasibility study (years away?). Thought the sale was good idea, but they could have done better with it (tough market though I guess).

Not currently holding

[gazprom1]

Not sure how the price for Weerianna Gold deposit compares to other deals but IMO I think they paid enough given the JORC and potential reserves. 68 million shares - approx $3 million, $350,0000 cash, 1.75% smelter royalty and 20% free carried up to decision to mine. If I was the vendor, I would happy with that. How long before the mone can in reality get off the ground???....2 years, 3 years, 5 years???

Gazprom

[JBmurc]

well as of the 31st of march ARV had 3mill in cash so in the near term it should be just under 5mill(with 2mill in the longer term) the market value ARV 13.9mill

what I like about ARV has been their exploration grades like-mt clement --20m @ 7.3g/t gold, 395g/t silver
-6m @ 8.8g/t gold, 558g/t silver
yandal --9m @ 7.15g/t gold
Bali hai--746g/t silver 33% copper chip samples



ARV also are now looking at the Weerianna Gold Deposit with a JORC 70,200oz 2.17g/t Gold --will cost ARV 350k cash 68mill shares

[JBmurc]

Not sure how the price for Weerianna Gold deposit compares to other deals but IMO I think they paid enough given the JORC and potential reserves. 68 million shares - approx $3 million, $350,0000 cash, 1.75% smelter royalty and 20% free carried up to decision to mine. If I was the vendor, I would happy with that. How long before the mone can in reality get off the ground???....2 years, 3 years, 5 years???

Gazprom

yes but remember the vendor is getting ARV shares only 350k cash so they are tied to ARV SP doing well if they sold them a rubbish project it will affect ARV SP an any buyers of ARV I see this as a key process for ARV to get to a 1moz JORC resource with the most likely outcome for ARV to be taken over
current AUD gold price=1432oz-- 10%= $143 x 70200 =$10,038,600
1moz @ 143 = 143,000,000 value

[trackers]

yes but remember the vendor is getting ARV shares only 350k cash so they are tied to ARV SP doing well if they sold them a rubbish project it will affect ARV SP an any buyers of ARV I see this as a key process for ARV to get to a 1moz JORC resource with the most likely outcome for ARV to be taken over
current AUD gold price=1432oz-- 10%= $143 x 70200 =$10,038,600
1moz @ 143 = 143,000,000 value

Wish those valuations were realised for PXG - They have market cap of around 20mil and have just under 1.5mil oz of gold JORC... so @ 10% IGV they should have a market cap around the 200mil mark?

[JBmurc]

Wish those valuations were realised for PXG - They have market cap of around 20mil and have just under 1.5mil oz of gold JORC... so @ 10% IGV they should have a market cap around the 200mil mark?

yeah the market doesn't value JORC resource value at all kindly these days compared to say some internet site with little income that could be worth 1billion etc

[JBmurc]

Bumping along on it's lows still -IMHO has one of the best set of Gold/silver/copper exploration assets/ high grades to E.V
Still awaiting the Mt celment JORC ......market has lost interest....but for how long..

[JBmurc]

Well Mt celment JORC is out not all that impressive with the head gold grades dropping by 1gram per ton along with much lower overall Silver grades with the 58% increase in JORC resource more drilling to come could will increase but with so many more advanced cheap gold plays round I'm two thirds way out of my ARV shareholding

 JORC-compliant Inferred Resource increased to 1,131,600 tonnes @1.77g/t Au & 17.0g/t Ag (2.71g/t au 75.6g/t Ag prevoius inferred resource)
 Contained metal increased to 64,400oz of gold and 620,000oz of silver (total 80,000 oz gold equivalent)

[soulman]

Well Mt celment JORC is out not all that impressive with the head gold grades dropping by 1gram per ton along with much lower overall Silver grades with the 58% increase in JORC resource more drilling to come could will increase but with so many more advanced cheap gold plays round I'm two thirds way out of my ARV shareholding

 JORC-compliant Inferred Resource increased to 1,131,600 tonnes @1.77g/t Au & 17.0g/t Ag (2.71g/t au 75.6g/t Ag prevoius inferred resource)
 Contained metal increased to 64,400oz of gold and 620,000oz of silver (total 80,000 oz gold equivalent)

Have lighten up on this as well JB. A big loss but I can't see any catalyst for ARV to rise up from current valuation.

[JBmurc]

Have lighten up on this as well JB. A big loss but I can't see any catalyst for ARV to rise up from current valuation.

No sometimes it's best to take it on the nose an move on esp when your goal each year is make a 100%+ return
which means you outlook is mostly Short term with a focus towards small,micro caps that can move mutiables within a year.

I should have sold my ARV round 9c when I had a chance after paying much less maybe one day in the future ARV will be a buy again but at this stage I don't think it will be hitting new highs anytime this year ,but it could well have been wrong before ...
Also lost some confindence in Mgmt I see they got their lawyer to take action against Hotcopper to stop posting on ARV not fans of free speech

[skinman]

Anyone have some thoughts on this stock? I continue to hold but have not kept up with announcements or anything since mid last year.

[ronthepom]

Anyone have some thoughts on this stock? I continue to hold but have not kept up with announcements or anything since mid last year.

ARV up 20% today, something in the wind?

[trackers]

Speculation of NST takeover I would imagine

[ronthepom]

Speculation of NST takeover I would imagine

Yeh i see Northern star have plenty of cash and looking for takeovers. Interesting!

[trackers]

^ According to hotcopper NST also have a 20% stake already. I'd be interested in knowing how closely the two deposits are... Might have to find out

[trackers]

...
The Mt Clement Gold Project is located within the Ashburton Formation, approximately 35km south of Northern Star Resources' Paulsens Gold Mine. Mt Clement consists of three granted mining leases covering an area of 1573 hectares and an exploration licence covering 24 sub blocks.
The Mt Clement Gold Project has been explored previously by BHP, WMC and Newmont Mining. Consistent mineralisation has been located over a strike length of 800m in a highly altered and strongly fractured zone of gold, silver and copper mineralisation.


http://www.artemisresources.com.au/IRM/content/projects_mtclement.html

[ronthepom]

...
The Mt Clement Gold Project is located within the Ashburton Formation, approximately 35km south of Northern Star Resources' Paulsens Gold Mine. Mt Clement consists of three granted mining leases covering an area of 1573 hectares and an exploration licence covering 24 sub blocks.
The Mt Clement Gold Project has been explored previously by BHP, WMC and Newmont Mining. Consistent mineralisation has been located over a strike length of 800m in a highly altered and strongly fractured zone of gold, silver and copper mineralisation.


http://www.artemisresources.com.au/IRM/content/projects_mtclement.html

Closed at 3.1 nice trackers , got this in my picks up 21% for the day.

[Snow Leopard]

Just spotted this: ARTEMIS TO FINANCE HOLLYWOOD FILM ‘TANGO DOWN’ (http://stocknessmonster.com/news-item?S=ARV&E=ASX&N=758085) and it was not dated the 1st April.

Best Wishes
Paper Tiger

[shasta]

Reviving this thread, since I've bought in recently, some interesting projects covering gold, copper, cobalt, PGMs and there own processing plant in WA.

Small gold production starting soon in Q2, and they are now monetizing a 50k Cu stockpile to Whim Creek, this was among the assets purchased with the processing plant.

http://stocknessmonster.com/news-item?S=ARV&E=ASX&N=820498

Near term drilling to increase gold resources is the main catalyst for SP activity, but any decent cobalt results would catch media attention.

The PGM project is large, and hopefully a major will want in to develop this, a JV would be ideal.

Current SP 0.076

[JBmurc]

Is it the same mgmt of old shasta ??

[shasta]

Is it the same mgmt of old shasta ??

There have been changes, but I'm not sure about past mgmt and who is still there.

[JBmurc]

Hope your still holding shasta up 60% today ....sweet gold nuggets

[shasta]

I sure am, nice one day rise and this was unexpected with plenty of news flow to come over next quarter. There large PGM project is under the radar too...

[shasta]

Closed on the day's high @ 11c and up 25%.

This has surpassed the share price of the recent 60% run, so watching for quarterly/Ann coming today...

[shasta]

Hit intra day high of 14c before closing at 13c.

Quarterly out today highlights busy 3 next months.

Still holding and see a lot more upside, owning a processing plant (needs £5m odd to refurbish) will help monetise there projects.

Infill drilling to include cobalt jorc resource could be a real SP driver with cobalt results up to 6.54%, and many over 1%.

Still hoping for a left field Ann of a large JV partner to progress the large PGM resource that remains under the radar.

[digger]

Hit intra day high of 14c before closing at 13c.

Quarterly out today highlights busy 3 next months.

Still holding and see a lot more upside, owning a processing plant (needs £5m odd to refurbish) will help monetise there projects.

Infill drilling to include cobalt jorc resource could be a real SP driver with cobalt results up to 6.54%, and many over 1%.

Still hoping for a left field Ann of a large JV partner to progress the large PGM resource that remains under the radar.

I bought a fair size holding at just under 9 cents recently,so for now am happy with direction.
I see the possibility of needing to raise funds as a possible damper on the SP. by a cash issue.However I am in far the long term as I need to get into this Cobalt play.

[Joshuatree]

Good stuff guys, congrats and thanks for sharing this Op. A suite of many possibles.
Quarterly Activities & Cash Flow Report (https://hotcopper.com.au/threads/3578928/)

[shasta]

They have the copper revenue @ $100k per month and Novo funding that Gold project, but will need more cash to fast track drilling/increase resources and refurbish the processing plant. Nice to have you onboard Digger.

[shasta]

All that glitters is gold for ARV, hit 19.5c intra day high.

Couple promising anns today about their gold projects.

Tempted to offload a few and lock in profits, its run pretty hard over last week.

[digger]

All that glitters is gold for ARV, hit 19.5c intra day high.

Couple promising anns today about their gold projects.

Tempted to offload a few and lock in profits, its run pretty hard over last week.

Don,t you like a ride?
Someone will be pis ed off . I bought heaps just two weeks ago at just under 9 cents. They have doubled since. Will hold and enjoy the greater greed of the coming weeks.

[shasta]

Its run hard, and due a retrace as bit overheated.

May get to buy them back cheaper, still holding just free carrying as these gold Ann's really are the icing on the cake. Its the Cobalt that will attract market interest.

[Joshuatree]

Experienced and wise shasta;)

[captainigloo]

My records show I bought ARV for 5.3c per share in March 2011 but according to the ASX website the share price was over 50c at this time. Can anyone shed any light on this, looks like asx website is wrong? Also according to the first post in this thread, the share price was 7c on 18th October 2010. The asx website says 90c.

thanks

[shasta]

My records show I bought ARV for 5.3c per share in March 2011 but according to the ASX website the share price was over 50c at this time. Can anyone shed any light on this, looks like asx website is wrong? Also according to the first post in this thread, the share price was 7c on 18th October 2010. The asx website says 90c.

thanks

ASX is definitely wrong, quick look through StocknessMonster during 2011, ARV had a rights issues at 0.055/5.5c,

[shasta]

New high of 21.5c up 34.4% today and trading halt...

[digger]

New high of 21.5c up 34.4% today and trading halt...

I bought heaps of these at 8.7 cents ave holding about two and three weeks ago. What a winner it has been.[Might make up for some losers].
Got any idea what the trading halt is about.Can not be a rights issue as that makes the price fall. Any chance it is a takeover offer. This is my guess as the gold they discovered was somewhat unexpected. I bought in for cobalt and lithium,the gold as a suprise and not part of the calculations.

[shasta]

Novo JV agreement, ARV to also receive 4m Novo shares worth around $A21.8m. Novo paying $2m over 2 years to earn 50%.

I bought in at 7.5c and sold half holding at 18.5c.

[t.rexjr]

Just watched a live feed by Novo digging up nuggets at Purdys. THAT WAS INSAINE!

[t.rexjr]

https://youtu.be/A0ygPXEi4Q8

skip to about 40 min in. All the rest of the feed was a guy from another company talking in a very mundane tone about an un related mine.

It's from the Denver gold conference.

[t.rexjr]

https://www.allanbarryreports.com/single-post/2017/10/18/CEO-Roundtable-with-David-Lenigas-from-Artemis-Resources-ARVAX