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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 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

Bullboard Posts
Comment by Rroozeon May 13, 2018 1:10pm
154 Views
Post# 28023942

RE:RE:"you can't build companies with bottle tops"

RE:RE:"you can't build companies with bottle tops"
wwadehammer wrote:
Silverwhere wrote:
 
Ed Mead quotes:
 
"We could sit back and not expand, but we’ve been presented with an opportunity whereby Kirkland Lake Gold takes a bigger stake in the conglomerate story"
 
"Between our strategy to go into gold production in July with a number of our gold projects, we really want to push forward with a number of our other nickel, copper and cobalt projects"

https://stockhead.com.au/resources/artemis-explains-why-it-wants-more-cash-you-cant-build-companies-with-bottle-tops/
 
Artemis: big smile guys, you are building ARV with bottle tops after all. Nicely done this week!




 
 

Hi Silverware, my take is Novo showed DL/EM the Purdy's Nagrom results and the Purdy's 6 ton sample results from SGS and they weren't good (less than 10 gpt over 1 meter.  Asked DL if he wanted to sell before poor results released to public.  DL bit.  In coming 3 weeks we should see the Purdy's results from the 2 labs, and 2 results from SGS with 1 being the 6 ton bulk sample from Purdy's.  My sense is Novo won't reach new highs unless they find another Comet Wells or they hit fine gold down dip.   It's hard to better 67 gpt over 4 meters with a fine gold component that we thought we had back last August.  JMO - no advice meant.  Hope I'm wrong.


 

If I were DL, and KL would 'propose' that to me, I'd sell NVO in the open market. All of it. Would mean more profit (higher average price than $5/sh) and some nice tit for tat.

DL doesn't seem the type of guy you could blackmail without feeling the revenge.

So IMO you're off and you shouldn't hope you're wrong ;-) 

Bullboard Posts