Novo, Good News-Bad News
Novo Resources has about 2 million warrants at $.50 expiring on January 10, 2013. If the Mayans got it all wrong and we are still around, investors will be selling Novo Resources between now and then to exercise those warrants.
It’s the end of year and for a lot of reasons people are dumping mining shares. Remember, all things change. This is not bad news, this is good news. What it really means to investors in Novo Resources is the shares will be on a markdown sale for the next three weeks. That’s not bad, that’s an opportunity. Novo can use the extra $1 million and you have a chance to pick up shares at an artificially low price.
If any investors haven’t figured out what the impact will be of the Fed printing $85 billion dollars per month in counterfeit money over the foreseeable future I will give you a hint. You want to own real things.
Novo is an advertiser, I have participated in several PPs, I have bought shares on the open market and I couldn’t possibly be more biased.