Company News – Tue 26 Feb, 2019

Please Send Me Your Questions For Quinton Hennigh Over At Novo Resource

I will be chatting with Quinton Hennigh, President and Chairman of Novo Resources for one segment on this week’s weekend show. Please send me whatever questions you have and I will do my best to incorporate them into the interview.

My email address is Fleck@kereport.com.

Here are a some links to the recent news releases to catch you up…

02.20.2019 –Novo Advances Beatons Creek Resource Work

01.31.2019 –Mechanical Sorting Generates Encouraging Results at Karratha

01.22.2019 –Novo Provides Update on Near-Term Exploration Progress

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Comments:
  1. On February 26, 2019 at 12:56 pm,
    larry says:

    Can his company survive until 2023 when the next 9 year cycle low in gold is due…EG a deflationary cycle in assets and a debt unwind….Bond defaults and mortgage defaults

  2. On February 26, 2019 at 1:10 pm,
    Koen says:

    1. Has Novo continued greenfield exploration on its 10000km2 tenement package? 2. Can we expect news from a discovery similar to Beatons Creek, Purdy’s Reward or Comet Well any time soon?
    3. Does Quinton expect to find another marine terrace area similar to Egina?
    4. Thoughts on underwater exploration of areas off the Pilbara coast for conglomerate gold?

  3. On February 26, 2019 at 1:11 pm,
    J Thompson says:

    Q: is KL basically leaving NVO alone and not trying to impede, or otherwise, influence the direction of exploration
    Q: How does Novo keep secrets re methods and means that are pivotal in a proprietary success? IOW, having people leave and go to work for PAC is not conducive to keeping trades secrets.

  4. On February 26, 2019 at 1:47 pm,
    bonzo barzini says:

    Is it true that Novo is bidding to takeover Barrick in an all stock offer of 4 shares of Novo for ea share of GOLD?

    • On February 26, 2019 at 2:36 pm,
      David says:

      Is QH aware of any efforts by hedge funds and/or the bullion banks or others to short/suppress the price levels of Pilbara miners in order to buy them below appropriate market, cause severe funding problems or bankruptcy…for the purpose of M&A or other manipulative reasons. It seems all are frozen in trading ranges below their potential.

      • On February 26, 2019 at 3:30 pm,
        Matthew says:

        The selling that followed that 1,200% leap looks normal/healthy whether it was suppressed or not. It now appears ready for a long move up and hasn’t looked so promising since early July, 2017…
        http://schrts.co/giGUfYtc

        *I don’t own it.

        • On February 26, 2019 at 5:05 pm,
          david says:

          Thanks Matthew. I was also thinking about other miners such as Artemis, DeGrey, Kairos, Pioneer, etc. All driven below .10 despite having multiple minerals including gold. I don’t feel confident concerning the fairness of the US system that may be interjecting some curve balls into the projected true value of the Pilbara. But how can I know….

          • On February 26, 2019 at 5:08 pm,
            David says:

            Not to mention the Pilbara investments by Sprott, Newmont, Kirkland etc.

          • On February 26, 2019 at 6:08 pm,
            Matthew says:

            Those names aren’t familiar to me but I remember some saying that 11 cents for my IPT three years ago made no sense and that the market wasn’t rational. Despite my bullishness on the stock, I argued that it did make sense since, at $13 and change per ounce of silver, its assets in the ground had become virtually worthless. It did not have much going for it at that moment other than the likelihood that silver would rise in the near future. So maybe it was only trading as HIGH as 11 cents due to speculative interest. Similarly, when it then tripled in less than a week, many sold way too much because they thought such a quick large gain wasn’t justified. Without the benefit of hindsight, I said that the repricing was justified when you consider the value added to the metals in the ground due to the rise in silver.
            I don’t know if this example has any value as it relates to the miners you listed, but wild price action is often due to leverage and leverage comes in many forms.

        • On February 26, 2019 at 6:10 pm,
          Charles says:

          I thought the chart looked good and bought more early last week after I sold some ISLVF at 0.30. Good trade and glad you agree on the Novo chart. Lots of catalyst coming up for the stock which seems right given the chart structure.

          • On February 26, 2019 at 7:25 pm,
            Matthew says:

            I guess we saw the same thing because I bought some IPT yesterday.

  5. On February 26, 2019 at 6:17 pm,
    Don says:

    Will Novo’s expanded resource for Beaton’s Creek be entirely on 100% Novo owned land, or will it extend into the 70/30 property of adjoining Creasy land?

  6. On March 1, 2019 at 4:20 am,
    WARREN M SUTTON says:

    Do you think with the benefits of the ore sorting technology you will be able to not only mine the near surface conglomerate layer economically but also mine the layer down into the basin economically?