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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF | T.NVO.W.A

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

Comment by mortgages101on Jun 28, 2022 6:35pm
105 Views
Post# 34788956

RE:RE:Novo shares reached bargain hunting levels

RE:RE:Novo shares reached bargain hunting levelsOxinos, you can't math well can you. The company burned through $44M since October 1st. They have $77M now and come august when the 2nd tranche goes towards paying sprott they will be left with about $60M. Considering they blew $44M in 8 months on absolute nothing. You think they will buy shares or do anything substantial with the remaining $60M? Not a chance, they will slow bleed keep management salaries going for 2 years max. Now it's all beacccha and battery metals. As per Moik recently. 
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