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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
Post by yellowbobon Oct 21, 2017 10:42pm
502 Views
Post# 26841531

An offer to lend shares

An offer to lend shares
Fidelity left me a message about an opportunity with their fully paid lending program concerning my Novo position whose shares are in extremely high demand by short sellers who are willing to pay 7%.  My shares are in retirement and cash accounts, no margin to avoid having them lent.  I would think the shares are hard to borrow if Fido is calling me, never had that before, although I do own a few...  What does shorty see that he's willing to pay 7% on top of the unlimited price risk?
Bullboard Posts