Novo Resources Corp T.NVO

Tx

[WisGuy1]

Great news today from Novo

 

[LukeLarceny]

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[likeike]

Was really hoping they woulld hold on a year longer but regardless a very timely investment too bad the bean counters won. IKE

[mortgages101]

If they weren't forced to sell the shares they would have kept them. But they had no choice. 

[Mineshack]

Interesting. Novo holds 15,000,000 shares of New Found Gold. As at March 31, 2022, a total of 8,250,000 New Found Shares were free from escrow. Immediate cash needs could have been satisfied by selling only the free shares. Or by selling something else:   "Subsequent to completion of the Transaction, the Company’s strategic investment portfolio will still include a 6.9% stake in ASX

[Lederhose]

Well done Novo, NFG was never honored in Novos share price. 100 milion cash position is a wunderful thing to have, should bring the company foreward. I would not be suprised if we would read great news the weeks ahead, there is something cooking otherwise they would´t have sold the whole bunch just to get rid of the Sprott credit.

[mortgages101]

ES knew novo was in a bind. ES played hard ball and said all your nfg shares or none. NFg up nicely today. Basically no more premium 

[Rhino10]

Something cooking - always something cooking with Novo and the deluded Novo acolytes.  Only problem the cook couldnt boil water.   There is a sucker born every day -  

[ValuePro]

Indeed, the new cash pile can advance multiple explorations and begin or advance production at various facilities.  MORE NEWS SOON - Commissioning the new sorting plant and reaping the benefits of increased income. VP 

[LukeLarceny]

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