Further thoughts on Novo Resources – Balancing the upside and downside risks
Erik Wetterling, Founder of The Hedgeless Horseman joins me to discuss what he is looking forward to for Novo Resources. We are both shareholders of Novo, so we are overall bullish, but I do get Erik to balance out the potential positive drivers with any negatives that could prove the bears correct. Please let us know what you think by commenting or emailing me at Fleck@kereport.com.
Click here to visit Erik’s site.
Click here to listen to the most recent interview with Quinton.
The Novo story has grown stale and is all but dead. No Wits style deposit found so far and that was the only reason for owning this stock. Every day that passes with no big news, the less reason why anyone should own stock in this dud.
If Novo is a dud I wish I had more duds like it as it was up over 13% today!
An oldie, but a goodie:
https://www.youtube.com/watch?v=AZovGptehLI
(ON why some mining companies burn cash)