Company Updates From Management – Fri 13 Mar, 2020

Novo Resources – Answering your questions on the recent share and land acquisitions

Over the past few weeks Novo Resources (TSX-V: NVO & OTCQX: NSRPF) has been busy on a couple fronts. First completing an investment in New Found Gold Corp. and acquiring 100% interest in Purdy’s Reward and 47k Patch in Karratha.

Quinton Hennigh, President and Chairman of Novo joins me to answer your questions on these two transactions. We also discuss the cash position of the Company and the expected news flow moving forward.

Please keep emailing me with your questions – Fleck@kereport.com.

Click here for a summary of the recent news we discussed.


Comments:
  1. On March 13, 2020 at 9:45 pm,
    Donald Benson says:

    On March 13 @jimbowie on CEO.ca had a long [Hot Copper] quote from an MOY plant worker complaining in detail as to how screwed up the MOY plant really is, and that the likelihood was that it would take many millions of dollars to put it right. Is Quinton aware of this detailed criticism?

    • On March 15, 2020 at 12:11 pm,
      Leo Swartwood says:

      Being a pretty sizable s ff areholder in Artemis rather than Novo on this deal, my initial thoughts are that Novo was taking advantage of Artemis cash problems and that Artemis got skrewed royally on this deal- I wonder what QH reply to that would be? And perhaps do they have same plans for other neighbors like Pacton?

  2. On March 14, 2020 at 7:57 am,
    jim mclella says:

    Great interview and clarified QH/Novo’s position on investment opportunities. With ES/QH in on both, one would think KL would join since in both cases they have $$ and experience to bring both to production, yet they remain on sidelines, Why?? Is Novo becoming the sub for KL doing the leg work in step for Novo takeover by KL??