RE:RE: Could Novo Resources be De Grey 2.0?Yes, more like NOVO could be DEG1, i.e. swallowed by DEG for its useful assets and potential and then spat out for sending to the bottom of the harbour with its environmental liabilities. Potentially the listing on the ASX might be part of that process, to allow an aquisition, with significant expenses and losses, that can be offset against earnings, maybe enough to cover the enviromental liabilities and purchace cost in a takeover situation. 3D chess maybe, but not with NOVO as the predator this time!
But again, its complicated as lithium developments in the area by Azure and Green Tech Metals in the west Pilbara, and Wildcat Resources further east have lit a bit of a fire in areas where NOVO also holds ground so its anyones guess where any of this may end up, but even NOVO's old friend (and JV partner in conglomerate gold crime)Atremis is getting a new lease of life because it has prospects in the lithium Goldilocks zone around the newly found deposits,