RE:RE:RE:RE:RE:RE:Subtle Shifts in Novo’s Corporate Ownership ProfileTx...about the only mistake i have ever seen you make is your confusion of 'infer' with 'imply'--an oversight i find incomprehensible considering your obvious abilities both as an analyst and wordsmith.
The case you make for a creeping accumulation of Novo shares and possible amicable merger/takeover of Novo by ES/KL, analysing the share structure and the implications of warrant strike prices, was brilliant. It might happen just that way.
As with Rhino, who is spot on in his case for Novo mgmt being remiss in not having installed a mobile gravity plant as large Purdy sample sizes morph into mining at Comet Wells, I have no criticism. Only gratitude for both your contributions.
But my bullishness is rooted in my preference for an old fashioned scenario coming to pass in the Pilbara. An old fashioned bidding war for Novo.
If, as you say, ES/KL have obtained effective control of Novo without triggering takeover thresholds and don't/won't go that route in the near future then Novo is in play! As Novo goes into 2018 proving up Comet Wells, transitioning to mining it will become the mining and exploration play that lit a fire under the share price in long ago 2017. For real!
Which attracts interest from majors and means an old fashioned bidding war for Novo. Either KL/ES gamble and take out Novo sooner or they wait and dig much deeper later with no guarantee of success.
And yes, Novo $20/2018 and $200/2019. It's a reasonable inference to draw from the implications of the current ES/KL shareholdings remaining under the legal takeover threshold.
Cheers.