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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
Post by willibrichon Sep 02, 2017 6:43pm
354 Views
Post# 26651166

Jesse Ventura

Jesse Ventura
the ex Governor of Minnesota and host of the TV show '' Conspiracy Theory '' would probably say that this is an obvious conspiracy. The buyer of the 11 million plus shares is someone like Goldcorp , who will tag team with Newmont to accumulate as many shares as possible as cheaply as possible prior to a take out bid. The timing of Newmont's news release is just Too Perfect. This is a brute force tactic to scare retail out of their shares. The 12 institutions who acquired 25 million shares in May's financing , with warrants attached will likely sell some of their shares. These institutions follow risk management protocols and it is a chance to fatten up their 3rd quarter numbers. The news of Newmont's sale of NVO shares may very well encourage some more selling on their part as well. Sprott will likely hold on to their shares. Newmont has about 13 years of gold reserves at current rates of mining and assuming the current gold price. They must replace these mined oz. Goldcorp is in the same boat. These mining companies are very much aware that they have a limited window of opportunity to acquire additional shares of NVO . They must act before too many more assays are released. The acquisition of Novo' s project would solve all their reserve replacement problems That is why I am in the Jesse Ventura conspiracy camp.
Bullboard Posts