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 > Understand what's needed in the next few Quarters

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Comment by TXRogerson May 06, 2021 8:38am

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Post# 33139242

RE:RE:Understand what's needed in the next few Quarters

HuberPeter wrote:
yes, but this huge interest rate is a obvious doubt of the main shareholder sprott

peter

TXRogers wrote: Keep a close eye on on the accounting terminology and Quarterly report wording for the remainder of this year and possibly into early 2022.

And refrain from expecting the "unreasonable".

We don't want to see a profit declared. That means taxes and cash payments.

We don't want to even hear anything about dividends. That means more cash outlays.

We want to see positive cash flow from company operations (ie. BC and Nullugine). Which is not the same as company profit, which must remain zero, and possibly a little negative.

We want all expenses to be put towards operational stability and company growth activity. Basically to secure the future of the business being grown.

We want short term, high interest debt repayment ASAP.

We do not want to see cash burn and debt repayment significantly exceed revenue.

Because....We don't want to experience further share dilution.

And finally, when an investor want's to step aside while all these activities are being managed by the company, it is not a sin or something that should draw insult by others. It is simply a personal choice. That's investing, not trolling.

I remain invested and will take advantage of all challenges that appear in front of Novo. But make no mistake about it, I do not look forward to them when then unexpectedly appear.

Tx