Read this please Bob Moriaty!
We have heard quite a few good things about Dr Hennigh from from you in the past.
1) He is a brilliant Geologist.
Over the last year Novo has tried a number of things to get a handle on conglomerate gold. First was the large diameter drilling followed by sending samples to Perth. Neither has worked very well, the nuggets kept falling to the bottom of the drill hole so no results could be obtained, and SGS were just plain incompetent, couldnt crush the ore and the ore got wet so couldnt be processed and a host of other problems so that in six months they produced half a dozen results.
And when the results are obtained he tells us what ANY high school statistics student could have told us when he outlined his proposal at SGS...they were not representative!
In hindsight these attempts look dumb and one would have expected a brilliant geologist to anticipate at least some of the problems. But everyone makes mistakes, its an essential part of learning, but brilliant people are usually quick to recognise mistakes and try something else. The SGS saga dragged on for more than six months.
2) Novo has made more progress in a year than any company you have seen.
This is an incredulous statement which beggars belief. The company has reportedly around 40 personel working on known deposits and exploring, and has produced less results over the last twelve months than just about any exploration junior I have followed.
There are three possible explanations.
a) You are delusional having suffered a near death experience.
b) You are bullshitting by being a paid Novo ramper and friend of Hennigh.
c) Novo have been doing work, not reporting it, and by not disclosing these results have hung the ordinary shareholder out to dry. There are many shareholders who in trying to protect their capital have made substantial lossess….REAL MONEY LOST. And the “faithfull” still hanging on a sitting on substantial paper losses.
The work obviously has not been reported because the results were not good...there simply cannot be any other logical explanation. In fact so bad that Novo appears to have abandoned Comet Well and Purdys, just like it abandoned Beatons Creek before it. To go to what….low grade junk at Egina which is the equivalent of reprocessing tailings, but has enormous environmental (and other) constraints not yet mentioned, and has had the eyes picked out of it previously.
Well they might find something that has been missed, hopefully enough to allow the stock to be “ramped up” artificially so suffering holders who are smart can get out of the stock at less loss. There are no doubt some as yet undiscovered covered over ancient stream beds that contain reasonable gold which will suppost a small operation if they can be found.
3) Hennigh cares about the ordinary shareholder.
I would like to see some evidence this was actually true.
We wait with baited breath for you article. It needs to be good. Right now the “Mafia” looks like an option that cannot be any worse! Good Luck!