Novo Resources Corp T.NVO

Waluepro

[JhannyRingo]

Woll you like I translate that from catfish speak?

Translation "help, we are running out of cash and we hope no one compares eventual sale price of Elementum 3D and San Cristobal to the pumped up carrying values on our books as they were bumped up on minimal private placement values with no real market price discovery. And when I say "help", I mean real soon. please.".

And dont mention that to anyone who invested in Crescats metal funds please, because we might have to give back the one time 20% bonuses we paid ourselves when we adjusted the carrying values and fund performances. We really dont want to reimburse those bonuses when we sell the 2 holdings at a huge loss to carrying value.


Jhanny Ringo

[GildedWillie1]

Yes and I do wonder why DeGrey gave them the $10 Mill on top of the agreed JV exploration expenses? Rather than letting them go down the gurgler and then trying to buy out the rest of the JV from the receivers. DeGrey would have done due diligance and unlike many of the NOVO true believers, would have seen through all the snake oil salesmen. So why buy $10 mill in sares knowing that you will be

[ValuePro]

O.k.

[Perambulator]

Cash needed for these hefty salaries...anyone else think they a high for a penny dreadful stock thats just floundering about?

[Perambulator]

Table showing the 6 most senior personell's salaries did not attach but total $2 million!  How can that be justified?

[TheSarge]

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