Novo Resources Corp T.NVO

Hey UK. Happy Freedom Day

[TXRogers]

I'm still trying to figure out if BoJo is as retarded as Justin the Twink, Buck Fiden and his teleprompter,  Marie Macronette, or that useless cow that runs Germany.

[BetontheFed1]

The way things are going, I'm going to have to swithch to a cheaper beer.  Novo hype that turned out not to be true has finally caught up with the share price.  Remember the PEA, yes the worthless PEA.  Good thing Sprott loaned the money before the real story on dilution came out.  Double the dilution projected in the PEA. How can you miss by that much?   I thought

[BetontheFed1]

What happens if the 20 meter drilling now being done at Beaton's Creek show the PEA gpt is PEE. Maybe we can sue the PEA preparers and get some of our beer money back.

[BetontheFed1]

Sprott is probably thinking it didn't get enough vig on the loan.  19% looks cheap now.  No wonder Sprott forced Novo to do a a complete new drill program at Beaton's Creek and lowered the amount of the 2nd part of the loan by $10 million.  Betcha Sprott has analysts looking at the weekly drill results at Beaton's Creek.

[BetontheFed1]

If the new drilling show's the MR/PEA grades are garbage, then Sprott has the right to call the loan.  Scary when the deposit is nuggety and supposedly drilling underreports the actual grade.  Sprott might force a partial sale of Novo's stock holdings.  Won't that be a poke in the eye with a sharp stick.

[BetontheFed1]

The reason Novo hasn't moved forward with any of its "Other Projects" is because it has to maintain a certain working capital amount or Sprott will step in.  The  cash flow from Beaton's Creek is not enough to allow for work outside of Beaton's Creek.

[firewitch]

Yeah ,that's it Tx . Everyone's blind or dead walking . FW