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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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.


TSX:NVO - Post by User

Post by PulpCutteron Jun 09, 2022 1:34pm
140 Views
Post# 34744385

No "phone calls" from TardAhead YET?? Does that mean he's

No "phone calls" from TardAhead YET?? Does that mean he's

changed her valuation for Novo...or did his wife take him off her bank account?

@Tradeahead @MiniMax You think as a little guy, and for once, that is fine with me. In the real world however, if management gets out of line with shareholders interests, shareholders agree to do something about it. It takes some phone calls to establish consensus between some shareholders, and then a friendly call to the CEO. The CEO is then the yes man, he say "yes".... or the CEO finds himself unemployed shortly thereafter. That is how the world works.

@Tradeahead @Stocksluice Just for your information: There is a certain level somewhere, I do not know exactly where, where I would make a couple of phone calls, and we would buy all outstanding equity in NVO, just like that, and take it private. It is not my intention. But my point being: The SP does not determine what will happen going forward: The companys fundamentals does.

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