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.

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Novo Resources Corp > NVO now 10% higher than what KL sold for

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Comment by firewitchon Feb 04, 2021 5:22am

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Post# 32467768

RE:RE:RE:NVO now 10% higher than what KL sold for

TXRogers wrote:

ronreagan wrote: Hey Saudi, my unsubstantiated theory is KL had initially invested in Novo for one purpose and one purpose only: They were playing the percentages, hoping that Novo would end up diluting themselves to death (like most juniors), and then they (KL) would waltz in and steal the company. The MOMENT it became crystal clear Novo would experience no such further dilution, they picked up their marbles and left. Look at the timing - they made their decision right after Novo's mill purchase. It's pretty clear to me. Playground law 101. That being said, this does not reflect well on KL management. I wonder if karma will come back to bite them sometime in the future.

I don't believe that was so. Back then, KL was heavily influenced by their Chairman of the Board.

That would be ES.

And he believed easy gold was to be had. Lots and lots of it. He may have likely become a little disillusioned when he realized it wasn't as easy as his metal detector had detected.

And then ES retired , and was gone from KL. And then KL was gone from Novo.

That's fine.

Tx