Novo Resources Corp T.NVO

This is hilarious ! Thread from HotCopper

[Markedtofuture]

Hi all,
I had a look at the market cap of NOVO at the close of trading on Friday and I saw it was around $1.2B AUD.
I also considered that the market cap of NOVO was predominantly on Purdy's.
I then looked at what % of Purdy's that NOVO had at the moment and, yes, it was 0% (they have not earned in to the 50% JV yet).
I then looked at what % NOVO had of the tenement where Purdy's is,and yes,again,it was 0% (and probably always will be).
This is hilarious !
I also saw the LIVE presentation from Purdy's that NOVO were going to showcase to the world (I've kept that on my comedy files) - lucky they found 1 nugget from around 300 marked areas - could have been very embarrassing indeed if they couldn't even do that.
I also waited during the presentation to see if NOVO would acknowledge that it was ARV who found the nuggets in the first place-no,that didn't happen.
I also waited to see if NOVO would acknowledge that this project was going to be a potential JV with  ARV,their potential JV partner - no,no mention of that either. Novo did every thing in their power to showcase how great a Company NOVO was.
At the close of ASX today,ARV had a market cap of approx $160 Million -go figure !!
Cheers


https://hotcopper.com.au/threads/this-is-hilarious.3742458/?post_id=27768702#.WdtN2VuPLIU