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 > Bubba

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Comment by mrbubbaon Dec 26, 2020 5:16pm

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Post# 32184211

RE:RE:RE:RE:RE:Bubba

Well, Sniff, I think I can follow the logic - QH had no LEGAL obligation to put the investment in the name of Novo, and yet he did, mainly because he wanted to maintain his percentage interest in Novo. One might ask WHY would he do that instead of making the investment directly in 3D himself? Sounds like QH valued not only hisinvestment in Novo, but also Novo's investment in 3D? Killed two birds with one stone?

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