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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Bullboard Posts
Comment by Novo2018on Sep 02, 2017 1:19pm
250 Views
Post# 26650704

RE:From ceo.ca. Novo. Makes all sense.

RE:From ceo.ca. Novo. Makes all sense.Exactly. While all the intrigue is fun to read the real story is probably much more mundane. That is, someone screwed up and agreed to sell the shares because they didn't understand the big picture, and thought they were making a quick buck for the company.

 "While a fuller truth will come out in a few days time, my view is based also on some rumors I have heard that Newmont had entered into a contract to sell NVO in July 2017, when NVO was in the range of C$1.60. When they finally concluded the deal yesterday they likely simply did not have the choice to sell in the open market. Even if by yesterday they no longer wanted to sell, their contract with the buyers likely forced them to conclude and sell. I am tempted to go with this version of the story, for it looks like a fuller response to the situation. It, for now, connects all the dots for me."
Bullboard Posts