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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Comment by TXRogerson Sep 28, 2020 12:50am
309 Views
Post# 31627584

RE:Hog Wash

RE:Hog Wash
gatewa wrote: Crux ( hog wash )
They did not mention anything about.

Private placement 30 million increased because of investor interest to 42 million dollars.
Total after brokered and non brokered offering 56 million dollars.
lets us not forget about the 19.5 million from the sale of the small % of land which they own.

The Company purchased the Blue Spec project in August 2015 for gross cash and equity consideration of approximately C$674,000.

Yes no mention of this in the CRUX report

The report was Hog Wash. Only what they wanted to on.


Look...it goes beyond that.

There is nothing wrong with being critical of an investment or a company because of a lack of information based on personal preference.  That's the speculative component that enhances the risk / reward of the play.

However, what is not appropriate is to have a service, which calls itself "professional", jump to unsubstantiated conclusions and opinions using a tainted tone - specifically directed at the management.

I understand written the word of English.  I also know how hostile tones are used.  And the CRUX commentary was laced with it.

Selective data was cherry picked to support a predisposed opinion.  Very easy to recognize.  CRUX would have provided a much better service to their followers to pose questions in which they seek answers.  And refrain from the off base opinions that are not supported by other facts.

CRUX unabashedly revealed their amateurism.  Too bad for them.

Tx 

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