RE:RE:RE:Price declinetbnorthstar wrote: Perambulator wrote: gatewa wrote: News release outstanding results. Why price decline.
professional responses please.
Novo has enjoyed the support of a largely inexperienced and young investor base who bought in on hype and were easily impressed by wild rantings of paid commentators and a series of party tricks. As progress has been hideously slow these shareholders have had the time to at least glance at other companies who are geting good results through solid exploration plans and are achiving well defined resource numbers. It is immediatley apparent when doing this that these good companies market cap are often miniscule in comparison to Novo's...and with the help of recent interviews that have starkly revealed some of Novos shortcomings a significant number of holders have realised it is prudent to exit.
As a generalisation it could be said that at least some of the largely inexperienced and young investor base is learning and is starting to grow up.
I rarely resond to there type of comments, but man, you are out of your league...sorry for being so personal...
No, I dont think you are sorry, I think Ive hit a raw nerve! The original poster was after a "proffessional opinion" which i take to mean an honest, no hiding from the truth- response.
The Novo story was always going to end badly when management began to blame others for their long line of basic errors and total stuff ups. It taken a while but the market is starting to wake up.