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 Monkeydonkeyon Mar 13, 2018 3:32pm

167 Views

Post# 27708693

RE:RE:RE:I agree the volume pick up is significant

Read up guys, GDXJ is taking a position of 8.8Million shares.
I/we think they have a agreement with other funds to buy them at a certain price in the market (4.75-4.85).
Probably the seller is executing May the fourth (oops) 2019 warrants at 0.9 and selling them for 4.75-4.85 for a huge profit.

Exercise Price $0.90, Expiry May 4, 2019

16,722,541

They should have around 4M shares by now. Onces they accumulate the other circa 4.8M shares, we will rallye imo.

Bullboard Posts

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