Novo Resources Corp T.NVO

May 4th is almost upon us

[TXRogers]

The Last PP is about to close, and the "refresh" trade will be complete.  This is a trade where Accredited Investors could dump their existing Novo common shares to finance their positions in the new PP.   The prize being the acquisition of the $3 warrants exerciseable in 3 years.

If you jumped onto this trade the first day in was announced, the brokerage house would have given you a full allocation as per your request.  If you were smart, you could have rolled over 100% of your holdings.

A drop from the $CAN2.55 PP price to the current market price is understandable in such a trade.  It's pocket change when the 1/2 Warrants are now added into the investment portfolio - and your common share holdings remain unchanged when completed.

And now it's done.  A nice little play.

Tx

[tbnorthstar]

Potentially an excellent deal. Lets see where we are at production rate wise come the end of June. Everything should be sorted out by then.  

[HuberPeter]

Yes it's going to close completely hopefully. petrr   

[PilbaraDore]

[ronreagan]

Yes Tx, in addition to the dillution caused by the PP itself we had accredited investors dumping their positions to finance their positions in the new PP. Fuel to the fire. An opportunistic retail investor might also view this as somewhat of a phantom, or artificial, reduction in price - and use it as an opportunity to BUY in anticipation of Mr. Market coming back to his senses vis-a-vis an