Novo Resources Corp T.NVO

A Glimmer of Hope

[WisGuy1]

https://hotcopper.com.au/threads/ann-nvo-significant-drill-results-at-becher.7845934/

[ValuePro]

I've been saying for what seems like a couple of years that this market segment can't get any worse.  But it has.  And if, as I suspect, today's big downturn in the broader markets is the start of a major correction, we may still see some down days, but PMs will be shining over everything else soon enough.

[Perambulator]

Novo is suffering because even Hennigh has moved on. Why isnt he promoting the Becher duster as the greatest gold find this centuary? Where are the paid promoters? Moronarty, HeeHaw, even the Gimp is missing. Untill they return reality will rule. The SP will go down to true value perhaps around 5c per share?

[Tradernick]

Novo is essentially trading for its cash + marketable securities.  No value attributed to its resource whatsoever.  Crazy!

[Perambulator]

You must be using some pretty outdated figures in your assessment! On top of that, cash burn is very high for a company that  has a huge exploration budget which hasnt turned up anything economic after nearly a decade of exploration. What "resource" does Novo have that has a value?

[Tradernick]

$51MM currently (in cash + marketable securities) divided by 353MM shares = $0.14 per share which is where Novo is currently trading.

[Perambulator]

353m shares? Just ignore the shares that have been issued on the ASX and hope noone notices that you are trying to fudge up the figures! Is Hennigh paying you?

[Mineshack]

Why do you suggest that Tradernick is ignoring ASX shares? His numbers came from Novo and are public. Why do you charge Hennigh with paying him. How do you substantiate those two charges? .

[Perambulator]

You may be right and the Novo ASX shares may turn out to be valueless but at the time of his statement they were trading for Au $0.17 each share. If Tradernick is going to declare that the shares are trading for cash value but only include shares listed on the TSX  and ignore ASX listed shares then he is trying to fudge the figures.  You are trying to cover it up too! Thats dishonest!

[Mineshack]

Tradernick didn’t say anything about the ASX shares specifically. He only referenced the company report of TOTAL Shares Out. Let me give you a lesson that is easy to learn. Look near the top of this NOVO Bullboard for the tab labeled “Quote”. It’s the first one from the left. Open it and you can read the undisputed report of Shares Out. After you overcome your ignorance, you should then come

[Perambulator]

You must be thick if you really believe that the total number of shares listed on the TSX somehow includes those that are completely seperately issued on the  ASX which are traded and valued seperately.  The value of the shares on each exchange added together gives the market capitalisation. Thus is basic stuff.

[Mineshack]

I will only “be thick” if I start arguing with a moron. Our discussion will now conclude. If anyone is interested (as I doubt) in understanding you, they can see that I quoted you each time I addressed you. ‘nuff said. .