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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

Bullboard Posts
Comment by krishakon Jul 18, 2014 5:00pm
233 Views
Post# 22761292

RE:RE:dropping like a rock

RE:RE:dropping like a rock
"We could see most of the warrants expire worthless here". I would rate the chance of this as 0%. Do you imagine Quinton would have called this one without first consulting the warrant holders?  There has always been a sell off prior to warrant exercise, every time for the last two years. The sell off is caused by clueless selling from retail investors. On each of the previous occasions Moriarty has issued an update alerting subscribers to the buying opportunity created by the warrant exercise. I am surprised that 321gold has not updated the recent exploration results from Novo. With the news of the expedited warrant exercise yesterday I expect an update from Moriarty/321gold sometime next week, probably on Monday.
Bullboard Posts