After Eric Sprott's KLR took positions in junior miners DEG and KAI he openly stated that he had enough holdings in the Pilbara and wouldn't be investing more .
Then just a week or so later he applied for listing on the ASX.
Huh?
He clearly has enough resources to build a significant holding in both companies before attempting a hostile takeover of one or both.
If he were able to achieve that he would then be able with the help of NOVO and it's larger shareholder Newmont to go after ARV.
Clearly it is in the interest of Artemis and its shareholders to actively pursue the proving of grades with urgency on 100% owned land to not only enhance our share price but to make it more difficult for the bigger players to swallow us whole.
It would also by association drive other junior's higher as well .
Conversely the longer NOVO wait to divulge such information the more it works to their advantage.
Is that why they initially only drilled to determine Conglom thickness and left the grading for a later date
ARV Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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