Well some can always find the negative, but they partnered with some very well respected gold geologists.
And, other than many self serving managements they did not gave away everything. It`s a strait out 50/50 JV. Read the agreement. Its 50/50 and currently no agreement to increase ownership for Novo beyond this.
http://www.novoresources.com/_resources/news/2017-05-26.pdf
Finding ppl like the Novo Team, to do exactly what they are doing right now is a good thing.
Anyway: Every shareholder should leave management a call to NOT sell the 50% interest without shareholder consent. Call them today, i will!!!
The cobalt is nice. But 1.5mm share volume in Canada think its worth 75 million Can$ ( 1$CAN= abot 1$ AUS!$ currently)-
Even the notoriously critical blogwriter IKN ( who has been right long&short many times and has as many haters as lovers in the industry) has respect for Novo Team.
http://incakolanews.blogspot.de/201..._campaign=Feed: IncaKolaNews (inca kola news)
The 50/50 deal will pay off.
And on an Enterprise value perspective ARV`s 50% in the very same discovery is still trading at a 80% disount to the TSX.V listed 50% owned by Novo.
