Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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... see more

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TSX:NVO - Post Discussion

Novo Resources Corp > SEDI Insider Filings

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Post by Mineshack on May 19, 2022 9:35pm

SEDI Insider Filings

The market seems to assume Novo is intent on letting production loses eventually take the company into bankruptcy leaving its managers a failure and unemployed.

Why would anyone think this management wants to do that?

Michael Spreadborough, Executive Co-Chairman of Novo Resources bought 100,000 shares through the public market today. Maybe it's time for the market to gain a new consensus.

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Comment by JohnBuccski on May 20, 2022 3:16am

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Comment by JohnBuccski on May 20, 2022 3:19am

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Comment by PulpCutter on May 20, 2022 12:03pm

@Mineshack: In response to your question, I doubt many think NVO management is intentionally taking the company into bankruptcy. The following were IMO probably head-up-the-a** management fantasies, not intentional: > sinking $250 million +/- into a money-losing mine and mill, presumably at the same time taking on re$pon$ibility for $ite rehabilitaiton > assuming grade control drilling ...more

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