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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Novo Resources seems to be well-positioned after selling its New Found Gold stake and retiring its Sprott obligations with the proceeds. The treasury
also looks to be in good shape to facilitate moving ahead with development
of some of the massive Pilbara land holdings as well as other endeavours.
Could you please give your outlook for the company, including a ballpark
estimate for the carrying costs of the big land package in Australia? Thank you.
Read Answer Asked by Howard on September 01, 2022
Q: Gold has been out of flavour during these inflationary times. Some say it’s because of Btc/Eth others say it’s because of rising rates etc.. there seems to be many conflicting factors. All of which are not clear. Can you give your take on gold and provide you 3 fave mid and small cap names. Thx.
Read Answer Asked by Chris on August 31, 2022
Q: Are you able to provide an update on NVO(understand that sector is out of flavor). How does the future look? Cash flow, growth etc.. (Assuming $1700 gold) At one point in time a year ago this looked to be as interesting as KRR, yet the S.P. has been a disaster above and beyond the sector. Are there other high risk/reward gold names you would prefer?
Read Answer Asked by Chris on October 12, 2021
Q: Last week KL announced that they had entered into an agreement to sell almost all the shares that they held in NVO at $2.45 with warrants at $2.80.

My questions are:

1. Has the brokerage assumed control of the shares, or can they back out of the deal, seeing as how NVO shares are now only $2.14?

2. Based on the cash that KL currently has, can you give me tow good reasons why they bailed on NVO at a steep loss?

3. Has E. Sprott bailed as well?
Read Answer Asked by Kelly on November 30, 2020
Q: Hello 5i,
Kirkland recently sold most of its Novo shares .
Interested to know what motivated Kirkland to do so?
Has this sell off or any other events changed your opinion and or outlook with Novo.
You answered another poster recently that you would post what information you were able to uncover.

Please advise.

Thank-you.
Read Answer Asked by Alex on November 30, 2020
Q: Hi 5i team. Is it unusual for trading to be halted for over 6 hours today (so far), with no communication from anyone why?.. and no indication when trading will resume?

I see nothing in my TD Webroker news feed except for the news of the trading halt itself, and nothing published today on the Nuvo website.
Based on your info sources, are you able to discern and share what the reason for the trading halt may be? Typically where else would such information be available?
sgr


Read Answer Asked by SG on August 04, 2020
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