Please don’t get me wrong; this is one of my biggest PM stock positions. But what in the world is going on with this company. Everyone spouts off about how great this company is and one should be thankful for the opportunity to buy more at these levels. I say hogwash! Execute, and force the shorts to cover. They have no fear of continually shorting this stock whenever it pokes its head above $2 (US).
I did some serious reading but I dunno about Novo… Mr. Sprott is a very clever man, when he lends out is money to Novo while not buying more shares (he sold some and now owns less than 10%) he must have doubts as well. Maybe he looked at the insider ownership (very low)?
Novo’s projects are of mass scale. There’s gold in dem hills and when Quinton fine tunes this monster resource and they selectively start mining their sweet spots this stock will reflect its true value.
E79 Resources hit a bonanza grade discovery not far from Malmsbury. Novo gets zero credit for its vast portfolio of targets. It’s only fairly valued if you assume novo is merely Beatons Creek and New Found Gold.
Please don’t get me wrong; this is one of my biggest PM stock positions. But what in the world is going on with this company. Everyone spouts off about how great this company is and one should be thankful for the opportunity to buy more at these levels. I say hogwash! Execute, and force the shorts to cover. They have no fear of continually shorting this stock whenever it pokes its head above $2 (US).
I did some serious reading but I dunno about Novo… Mr. Sprott is a very clever man, when he lends out is money to Novo while not buying more shares (he sold some and now owns less than 10%) he must have doubts as well. Maybe he looked at the insider ownership (very low)?
Novo’s projects are of mass scale. There’s gold in dem hills and when Quinton fine tunes this monster resource and they selectively start mining their sweet spots this stock will reflect its true value.
Honey is always in the nest.
Gee, $100 million for the mine does not even get you crushed stone to control mud puddles. And where is the pool and flower gardens? /sarc
The whole Beatons Creek operation seems hugely overpriced to me for chasing 1.5 gpt gold and 80K gold ounces per year.
E79 Resources hit a bonanza grade discovery not far from Malmsbury. Novo gets zero credit for its vast portfolio of targets. It’s only fairly valued if you assume novo is merely Beatons Creek and New Found Gold.