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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Bullboard Posts
Comment by stocksluiceon Jul 19, 2018 7:56pm
174 Views
Post# 28342048

RE:By the way contiued

RE:By the way contiued@gatewa, the main reason some people, if not many or most, are, as am I, interested in the play given the prospect of economically mineable resources, have sold prior to or since the NR at the end of May when the stock price crashed from >$6/share, is because the company has not met it's own stated timelines regarding the processing of the bulk samples. Not good. Pure and simple.

Some others don't think that is such a big deal, and in the long term perhaps not. Evidently the market, net, overall, has lost patience with Novo repeatedly missing their stated timelines, coupled with a dearth of other indications of progress (aside from some admittedly encouraging corporate manuvering), and have retreated to the sidelines until the company starts making good on its material projections. Hope that isn't too difficult to understand. Cheers & good luck to us!
Bullboard Posts