The Hedgeless Horseman: Quick Thoughts on Some Companies https://www.thehedgelesshorseman.com/gold-silver-stocks/quick-thoughts-on-some-companies/?utm_source=rss&utm_medium=rss&utm_campaign=quick-thoughts-on-some-companies
Novo Resources (NVO.) recently announced proposed changes to the board. The board is getting more well rounded and the gentleman from Sumitomo along with Akiko Levinson will not stand for re-election. With Egina having been slow, or even perhaps at standstill right now, it perhaps does not come as a total surprise. The more important question is if this says anything about the prize at Egina(?). Personally I think Egina is as good as ever and that these delays due to COVID, red tape and aboriginal agreements are unfortunate. However, with Novo’s stake in New Found Gold being close to C$185 M, Novo is becoming incredibly cheap. Beaton’s Creek just needs to not totally suck and this might be the cheapest stock in the space. Given the amount of bashers in the forums there are clearly some shorts who are desperate to see the price go down. If this latest announcement was their “trump card” then the shorts might be in big trouble. Again, as long as Beaton’s Creek for whatever reason isn’t a total failure (and I have no reason to believe it to be so), then the shorts risk getting a religious experience in the coming weeks/months…
And it rhymes with the fact that Novo looks to be at the final stages of some serious consolidation action. If there are any upside surprises this stock could get really wild to the upside in the coming weeks/months I think: (see chart in link)