Shareholder Group, page-304

I have never been a novo shareholder but was an ARV shareholder before the wits 2/conglomerate theory got traction. It was and remains a theory which i am happy for NOVO to keep spending on in whatever manner they see fit. would i have preferred more work by the JV at purdy’s? of course i would. Did I expect more - absolutely not. why? ARV GAVE NOVO control then screwed them for the 4 mill shares.


I have made the point that NOVO are still working on the wits 2 theory, are well funded by some serious money and without them many juniors,including ARV, would not have been able to raise the capital they raised over the last 20 odd months.

Novos work at Beaton’s creek has no relevance to the concerns I and now others are expressing about ARV.

At least we can agree we are both disappointed ARV shareholders.