Post by
brandy2000 on Nov 21, 2017 8:32am
Take over talk
Lots of Novo/KL/ES take over discussion on the NVO board. The only thing about this is its certain that NVO will be the take out play. NOVO will never mine a single ounce while ARV will be mining in several months.
Comment by
brandy2000 on Nov 21, 2017 8:42am
KL does not have enough cash resources at this time. The current spec on a ARV Purdy’s purchase possibly is already out of the reach for KL. At 5 g/t the in ground NPV of the resource is unbelievable at 10 it’s insane and at 15 nobody can afford it.
Comment by
wwadehammer on Nov 21, 2017 10:08am
So right brandy 2000. Incredible to me how few believe in the story dispite all the mounting evidence. I suppose many looked at it and decided that they missed all the big gains due to the 10 fold increase in SPs over the last six months. SP will go up based on continuing assay results over a wider and wider area until as you say no one can afford to takeout the companies.
Comment by
Hopeful2017 on Nov 21, 2017 10:53am
I don't understand how any holders can sell at this point, unless they wanted to cover their initial investment or take a little profit, because the next big jump hopefully is less than 2 months away with grade results. It's just time to wait now...still low daily low volume but it's like giving up your lottery ticket before they reveal if you won or not
Comment by
TheRaj on Nov 21, 2017 10:50am
NVO might not be supplying miners but they will still be paying their 50% share of the cost for all mining work.