RE:JUGLAR JOSEPH mrbubba wrote: JUGLAR, question for you.
Uness I'm misreading your posts, you are doubtful as to Novo's ability to turn a profit.
You're entitled to your opinion - and you seem to be able to back it up with numbers.
Sumitomo apparently disagrees with you. Why would a company with a reputation such as theirs even be involved with a company such as Novo if it wasn't worth anything?
I have a good friend (elderly) who was CEO of Lithium Corp. years ago. For my own benefit, I pitched Novo's case to him and could tell he was getting more and more disinterested by the minute. But the SECOND I mentioned Sumitomo's name his antennae went straight up - the entire look on his face changed. He said that Sumitomo has a long history of being VERY, VERY conservative in their investments and are SLOW to act, even when it is an obvious winner. Without even discussing substantive aspects of Novo, he gave me his blessing.
I just like to stir up the pot Bubba. I am neutral at the moment. What I dont like is the cult and their blind preaching, on ceo in particular, by people who have no clue about what they talk about. I used to own 95000 shares when it was $6 having paid about $5.50 and I also was a big believer but the story kept moving from one location to another, grades were not what expected, assay delays due to a rain drip from the roof at the lab, trial mining delays, then came the sorting machines which they've said only cost so much a tonne to process, having convieniently left out both the front and rear end costs, and on and on. Now they acquired the mill and are moving towards production. Most companies would provide some sort of feasibility study to show shareholders they can turn a profit at least on paper, but the market has been provided zilch. Take it on faith once again.
So I wait, stir up the shiit, mostly because I read that arguing can delay the onset of alzheimers, and because I have a lot of spare time.
Good nr today btw.
JJ