The MZN deal ...classic case of flash the money under their nose and they buckle.
I have given it a bit more thought about QH's statements on how Novo intends to release further results... [roughly from memory of the interviews he gave a few weeks ago] ...QH stated that Novo doesn't want to release results piecemeal because of the variation in each sample so instead he intends to release a package of results for the market to digest.... On the face of it that is a reasonable approach except it means that only Novo will have the most accurate assessment of the possible value right up to the last minute. Novo, being a Canadian Co doesn't have to comply will ASX continuous disclosure... so .... we see Pacton buying anything it can, Sprott buying Novo shares on market in Canada and buying ARV shares through ASX listed Kirkland Lake.
It reminds me of chess ... that is a game where everyone can see the board, how well you do depends entirely on how well you understand the relationships between the pieces.
Sprott, page-50
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