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 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

Novo Resources Corp

Bullboard Posts

Post by willibrichon Sep 01, 2017 11:28pm

357 Views

Post# 26649965

There are two very suspicious details about

today's news release. 1 ) timing coincides with next weeks increase in free trading shares 2 ) Newmont sold 9.9 % of Nova's shares , so that the recipient is not officially an insider yet. The press release says that the transaction took place yesterday. Perhaps this news is intended to " Shake the Tree " , not only targeting retail shareholders , but the 12 institutions who acquired the 25 million shares and warrants back in May. This could be big money partners doing a bit of back scratching in a prelude to a takeover bid ?

Bullboard Posts

Three stocks with strong income statements to buy right now