NVO 0.00% 10.5¢ novo resources corp.

Ann: Q2 June 2024 Interim Financial Statements, page-3

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  1. wcq
    404 Posts.
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    Additional liquidity is generated from the disposal of certain of the Company’s assets, which
    includes the receipt of cash following the sale of a mechanical ore sorter executed in May 2024.

    That sorter they spent lotsa money for back then. So in may they sold it for so little that it wasnt even
    worth an announcement.
    That Novo management dont know how to handle money, they only know how to spend - late in the
    year they will need more. I doubt the market will provide it easily.
    Since they are incompetent I wished they´d liquidate everything and distribute it to shareholders before
    it all vanishes.
 
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