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 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.

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Novo Resources Corp > Understand what's needed in the next few Quarters

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Comment by tbnorthstaron May 06, 2021 10:35am

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Post# 33140263

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

Harmonnica wrote:

tbnorthstar wrote:

Harmonnica wrote:

Harmonnica wrote:

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

Nvo is not an investment house. Despite the success to date of nfg nvos priority is to eliminate that debt. It should be swapping those shares with Sprott Lending and sticking to its knitting in Australia. Q is all over the place. Both personally and with nvo.

H

Thats what happens when youve got a board of yes men. You start using company funds for your personal interests. What does that 3D shiit have to do with mineral exploratiion? Nothing? Why take an interest in nfg if there is no intent to take it over? Etc

H

Both are exceptional investments, plain and simple. E3D can be monetized easily if need be. Think the market value of NFG shares they hold covers the debt easily. I know you are helping out your little Italian buddy and his short position but this 24x7 bashing has gotten real old.

Holier than thou with your 5000 shares. No one cares about your wink wink nudge nudge. One would think youve gotten tired of being used but you dont even see it.

H