Kaiser refreshes his buy of Artemis Resources arttf $4.87 target 86 million tonnes of potentially gold bearing conglomerate
2017-12-01 19:42 ET - In the News
John Kaiser, writing in an SVH Tracker for Nov. 10, 2017, refreshes his buy of Artemis Resources Ltd. at 52 cents (all figures U.S.). He first said buy on Oct. 17, 2017, at 28 cents. An investment of $1,000 would now be worth $1,857. Artemis has acquired an option on the Elysian project in Australia, south of Purdy's Reward, a 50-50 joint venture with Novo Resources Ltd. Mr. Kaiser says this acquisition elevates Artemis to "brother of Novo" from "son of Novo." It can begin exploring at the new property right away, as it already has aboriginal heritage clearances. In October, Artemis appointed Sheikh Maktoum Hasher as a director. Mr. Hasher is a member of the royal family of Dubai. He declared no shares, but the editor says he suspects that several members of the royal family own shares in quantities below insider reporting standards. Mr. Kaiser notes that there is a controversial Dubai-based investor, Mick Shemeisan, with significant shares. Mr. Kaiser says he asked Artemis about the two men, and president David Lenigas explained that Mr. Shemeisan's role is more of an agent than principal. Mr. Lenigas also said that he had worked with Mr. Hasher on mining projects before.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.