Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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 5,500 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. 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 a lithium joint venture with SQM Australia Pty Ltd (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

Novo Resources Corp

Bullboard Posts

Comment by teddygvaon Aug 25, 2017 10:33am

152 Views

Post# 26621152

RE:RE:Open wide

My question is probably stupid but do Sprott will get 16 million shares a@ .66 ?

Buckshot26 wrote: Sprott took down a quarter of the deal and from following him for a couple of decades I would be shocked if he sold a single share. As for the other 16+million shares @ .66 and 16+million warrants at 90 cents I have no idea who got them but would have to agree that it is probable that a bunch will hit the mkt.

I've got a decent "just in case they put out some big news" position for now, but plan to load up if the story stays positive in late September once the dust settles from that paper.

maccer wrote: keep ignoring the facts smart money and geologists are telling you 770m valuation is absurd and suck down the 66c paper coming at ya. What person who bought the deal wouldn't take a 600 percent profit and hold the free wt for upside. I can't believe how dumb some retail money is. Have fun holding the bag. Something tells me this won't be your first time