GBGirl...Not sure what you mean by "believe in conglomerate", its not some sort of cult or religion here as it is amongst the wet behind the ears kids on the Canadian stock forums who are following their first mining company, so dont have many clues. Not something professionals (Sprott, Kirkland) and most of us here would associate with a mining project.
Conglomerate is simply rock, that many, including Sprott, were led to overestimate its potential by a considerable order of magnitude.
RAF...around the time of Novos AGM there were rumours of changes to Novo, what exactly we dont know but Sprott did not have the numbers to effect those changes.
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