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Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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... see more

TSX:NVO - Post Discussion

Novo Resources Corp > Kirkland Lake (begins?) selling down its position in NVO
View:
Post by stocksluice on Aug 12, 2020 10:31pm

Kirkland Lake (begins?) selling down its position in NVO

KL just reported today on SEDI that they have modestly sold 68,700 of their almost 30MM shares of NVO

Is this a small, but perhaps significant gesture? I have no idea. Comments?

https://ceo.ca/insiders?538bd6ca519f
Comment by BumphreyHogart on Aug 12, 2020 10:35pm
This post has been removed in accordance with Community Policy
Comment by stocksluice on Aug 12, 2020 11:02pm
I've no doubt there is still lots I don't know about NVO or KL for that matter, Bumpy. I love learning though, and that's the main reason I'm here. I'm all ears. I don't know where Ed keeps his tupperware jar, didn't even know he had one for that matter, lol. I think Mick might have been brought in specifically to substitute Detour for NVO... possible? Didn't take ...more  
Comment by stocksluice on Aug 12, 2020 11:39pm
Looks like it is fast becoming a daily thing... https://ceo.ca/insiders?3e11e7574127
Comment by BumphreyHogart on Aug 13, 2020 2:24am
This post has been removed in accordance with Community Policy
Comment by stocksluice on Aug 12, 2020 10:43pm
Implications regarding their 14MM warrants at $6.00/warrant expiring on September 6th?
Comment by DaSaigonSpecial on Aug 13, 2020 9:09am
With this sale, excercising keeps them below 20% - maybe what was required for an extension?
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