RE:RE:THH on the much hated Novo ResourcesWisGuy1 wrote: @HHorseman takeaway: "But the most important (and obvious) thing to consider is that Sumitomo Corporation just showed their hand and is suggesting this could be worth billions. If some can’t see that, then god help them."
Poor old Hee Haw hasnt bothered to look into who has actually invested in Novo. He doesnt realise that its not the mining arrm of Sumitomo that has put up the money, rather the Australian investment arm of the corporation. He might find a mixed bag of success with their investments, plus huge success in avoiding paying taxes, not complying with audit requirements, and paper transfer of assets through various subsidiaries in order to change balance sheets.
Kind of a good fit for Novo..they are not demanding exploration results to prove a widespread distribution of gold bearing gravels at Egina like a mining company would. So why have they invested when a return on investment is not the priority?
I think these matters are well beyond Hee Haws comprehension.