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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

TSX:NVO - Post Discussion

Novo Resources Corp > DEG takeover not good for NVO
View:
Post by Perambulator on Dec 02, 2024 5:20pm

DEG takeover not good for NVO

News yesterday that DEG, who are involved in the joint venture at Becher that NVO holders are sweating on to keep the company viable, has agreed to a takeover offer from Northern Star.

Given that drilling at Becher has not revealed even a modest resource, it is difficult to imagine that Northern Star would continue with this failed project.

Would be dissapointing news for NVO holders.
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Novo Resources Corp