TIMESTAMP 0:00 Intro 6:09 Rokmaster Resources (RKR.V) 18:47 Goliath Resources (GOT.V) 25:21 Lion One Metals (LIO.V) 33:24 Novo Resources (NVO.TO)

Not investing advice. Do your own due diligence and consider me biased.

6 thoughts on “THH: Thoughts on RKR GOT LIO & NVO

  1. phil 288 says:

    Great post again, Horseman. Thanks for you efforts, I am inspired again.

    1. Greg Luze says:

      I’m not bearish on Novo’s potential. But I see big problems with their management team.

      I know jack about mining, but I’ve been part of organizations big and small at all levels for a long time. And I can smell stupid and cowardly from across the globe. These guys continually sit on bad news until the last minute. Conversely, they love to release glossy but fairly meaningless statements. They should know by now whether or not the mill at Beaton’s creek can be run profitably. But if it can’t you can bet money that we won’t know until they close it down with the announcement that the nearby grade isn’t good enough to be consistently mined profitably.

      They had to know in Aug 21 that they had grade control problems, but they sat on that knowledge until the qtrly report was released.

      They had to know last Jan that they needed new financing, but they sat on that until the announcement in Feb.

      And they had to know in Nov that the most recent qtrly production was going to miss targets, but yes, they sat on that too.

      This is a pattern.

      They either lack integrity or they are incredibly obtuse about investor communications.

      Consequently their prospective land package and future prospects are being ridiculously undervalued.

      I’d love to buy more at these prices but I’ve seen what stupid management can do to an otherwise brilliant opportunity.

      1. admin says:

        I want to think it is a quite fluid situation. Some things might not be known until “after the fact”. Some things like the ball lining breaking down is another thing that’s hard to know, but that was communicated quickly (a lot of companies would probably sit on that).

        No shame in simply waiting to see what you want to see and then decide. Buying when it looks lousy is uncomfortable but can of course lead to better returns. But that comes with more risk of course. Do what feels best

  2. Byron says:

    According to novo slide deck (side 13) they own 15
    Million SHares in NFG. That would be >80 % of their of 113 million CAD equity investments. Can anyone confirm this?

    1. admin says:

      It’s hard to say for sure since E3 is not listed. I think the recent raise puts that equity value around C$20 M however

  3. Tim Jenkins says:

    .79 (US) and sinking…..
    We’re well beyond tax loss selling…what in the world is going on?

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