Post by
ValuePro on Jun 21, 2023 9:28am
Novo JVs Becher for 25M
to De Grey.
https://finance.yahoo.com/news/grey-invest-25-million-earn-111400392.html
Comment by
mortgages101 on Jun 21, 2023 9:57am
Only $7M needs to be spent in the first 18months. If they domy like that they see that's it no more and they raised $10M to keep payroll going. So Novo has extended their life line for another year.
Comment by
ValuePro on Jun 21, 2023 10:34am
The company's profile just increased markedly with De Grey as a partner plus, under the terms of the deal, a +/- 11 percent shareholder too. "Novo will continue to focus on exploration with drilling programs planned for Nunyerry North and Balla Balla in the Pilbara, and Belltopper in Victoria in the second half of 2023." Goodbye, Bashers. You just lost your legs.
Comment by
mortgages101 on Jun 21, 2023 11:09am
VP all DeGrey needs to spend is $7M and $11M in shares as Novo was on the verge of needing to raise money anyways. You do know that a company called Kirkland Lake once JV with Novo and well they walked. So that leg is might weak.