PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Some more details for any fresh eyes.
It's all about the lithium, baby!
As I mentioned before ARV have a shared tenement with GRE (E47/ 3719). Samples shown this week have revealed that not only does the lithium extend into that tenement, but it's found here in the highest concentrations.
Sample No 23GT11-041-1.80% Li2O
Sample No 23GT11-042 -1.70% Li2O
You can find all the nitty gritty here:
https://www.listcorp.com/asx/arv/artemis-resources-limited/news/gre-further-high-grade-lithium-encountered-at-ruth-well-2895579.html?ref=trending
Very exciting times for ARV. I was starting to think this ship was sunk, but it may just be getting ready for a big jump. Obviously do your own research, this share has been up and down like a fiddler's elbow!
Would be nice to see some new chat here about the technical :)
A lot of European countries use the comma decimal point. I guess it's correct both ways, it's just the intention.
We can all agree that "£1.7k billion", is misleading AF
I think those big sells yesterday were probably a part of the structured selling. Congratulations to those who got in cheap thanks to it, I would have loved to have a few thousand ready to pounce, but alas I'm tied up too many losing games :)
Sucks to hear you're underwater on this. If you were hoping for a quick profit after the OTC listing, I'm sure you'd be very disappointed on the results. I think everyone here is a bit surprised, but for myself it doesn't change much.
I am in for the long. If the trials reveal a strong link between the patents GENF hold and longevity, this is will likely be my early retirement. Even if it just gives us a NASH treatment, I can see the share yielding very positive results.
Two years of funding and such great developments in the last year alone. At 2.5p this is an absolute bargain to me, and I'll happily continue to build my stake at that price point. It's not for everyone, your mileage may vary. Good luck
I would probably say profit taking for those who aren't keen on seeing the disruption that the latest news could bring.
Appetite for risk and all that :)
Found some answers:
GreenTech Metals (GRE) recently had a lithium discovery, share price went from 0.11AUD to now 0.55AUD
Artemis Resources own a substantial holding in GreenTech Metals.
ARV have a shared tenement with GRE (E 47/ 3719, 51% GRE & 49% ARV) but this is not where the lithium is, but it could potentially extend into it. This is the near-ology aspect
Regardless, Artemis Resources just became a lot richer as they own some 6 million shares in GRE, 15% roughly I think? That's gone from a 600k investment to 3 million basically within a week.
I was able to average down from 110p to 70p thanks to the near 50 dip, so I'm (obviously) quite happy to exit now with my extra pennies.
I am curious as to why people think this is going all the way to £2-3? Although I'm in the green, I'm also very greedy, so keen to hear those perspectives. ty in advance!
Did not expect to see a 10% jump here today. Looks like up to 1.5c from 1.2 in AUS also
Does anybody have a clue what's driving the renewed interest? I saw something about a local lithium discovery near ARV tenements but couldn't find anything concrete
No trading because people holding the stock won't let it go cheaply, which could indicate those in the initial offering have high expectations for the performance.
The consensus for helping the UK SP is that: liquidity is good, USA longevity sentiment is better than UK & more eyes is always a good thing.
People investing solely on FOMO will probably recoil at the lack of movement, and we will see a reduction because of it. The company, funding & technology remain the same.
All the core news recently has been great. Patents filed, trials starting, people coming aboard. Great example is Vera Gorbunova joining the board. She has h-index (a metric of author impact in citations for publications) of 63, which is very, very respectable.
A couple of low bids, nothing changing hands as far as I can tell.
Am I right in thinking that with StoneX Finacial offering 50k shares @ 0.1 that there's only $5000 worth of stock up for grabs?
Would appreciate some insight with somebody familiar with OTC Markets
I'm not overly familiar with OTC stuff, but it doesn't look like any trading is happening
https://www.otcmarkets.com/stock/GENFF/overview
I think we'll probably see a few nervous people exit today, probably came aboard hoping with the small bump we'd see the 5p high again.
Wouldn't be surprised to see some more big scoops like we've seen the past few days if it dips back to mid 2
Still eager to hear some news.
I like to be conservative with my estimates, so IMO getting back to IPO levels is achievable within this year if the stars align. It was my belief as far back as December and although people have gone a little hype crazy here with the FOMO rhetoric I think it's good to try and curb expectations somewhat 😅
I think in the longer term, a 150 million valuation isn't crazy. GENF could hit big or fizzle, it all depends on the technology and the results.
I vaguely remember Eric saying something about he wouldn't accept anything less than 200 million, which certainly wouldn't put it up for a quick snap buy from big pharma (unless the trials are outstanding)
In a more recent interview following the death of a collaborator in Genflow, Eric spoke about achieving the dream that he and his colleague had of seeing GENF @ 40p, which would put it around 120mil. So probably a while to go yet until buyouts are on the table
10p this year following a positive listing in the US, imo. 2-3p is a very, very reasonable price!
It's been fairly steady in my opinion, which is good to see.
Dripping or not, at least we're temporarily rid of those nutcase prophets shouting down anybody who doesn't chant along "to the moon", offering naught but wild speculation to those unfortunate new eyes.
I'm almost ready to add some more to my collection, so a 2p crash would be lovely jubbly right now.
What did Purplebricks do to you, Kramreklaw? 5-year-old account, 100 posts, all bashing PURP.
That's wild amounts of dedication to the cause 😂
Where's this information coming from?