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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
Comment by LiquidForumon Aug 05, 2018 7:02pm
103 Views
Post# 28416818

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Our banker

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Our bankerI dont read the same positive you do on the recent buys. The timing and execution of the insider purchases to me look like propping up of the shareprice not "wow shes gonna take off" Without these buys there is nobody on the bid and NVO is easily well below 3$ right now. Could summize it as self preservation by the large holders. Sprott financed at what $6.50 and were at $4 now so those huge buys meant nothing. This time it makes sense for him to work the average down and prevent a crash as they iron out alot of nasty wrinkles . Very astute observation on KL holdings vs ARV but does not down play the fact that 4 million shares were dumped by insiders and that share price has dropped 25% since that deal and a steady flow of disappointing news followed. Haha not sure how you get a "sure thing" from "nothing" let alone 3-4 million ounces when they have found 100 ounces, have a million questions, maybe 2 answers and very unique geology and other significant related problems to attempt to decifer? So far the've figured out that there are billions of tons of hardrock and some has gold in it. Those facts and the challenges presented by yourself is an argument supporting a currently over valued market cap. Then you go from unique, difficult learning curve puzzle to calling it wits 2.0? And assume this unique and difficult puzzle is going to turn into a cheaply mined district wide resource? And that the p*ss poor first nations are going to hand it over lol . Nevermind the market cap I'd be giddy just to hear when you think they will start trial mining. You go ahead and speculate on a best case scenario as you are the one wearing the rose colored glasses not me.
Bullboard Posts