Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

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Comment by grape562000on Sep 06, 2017 8:11am

289 Views

Post# 26660175

RE:RE:RE:RE:RE:RE:RE:How Likely is a Hostile Takeover?

One more thing that I thing to consider and of course congratulations to all that got in early for a 5, 6 or 7 bagger.

That said, buying and holding is not always the winning strategy, but frontrunning a moonshot certainly is.

Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 5,107,900 Common Shares on a direct ownership basis at a price of $0.660 through a private transaction on May 4th, 2017. The insider also acquired 5,107,900 Warrants with an exercise price of $0.900 until May 4, 2019. This represents a $3,371,214 net investment into the company's shares and an account share holdings change of greater than 100%.

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