Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp > Short term bullish

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Comment by TXRogerson Sep 09, 2020 10:27am

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Post# 31526254

RE:Short term bullish

stocksluice wrote: For those who may be the least bit interested, I jumped back in yesterday, on the basis of sentiment and technicals. I still think fundamentals have yet to be adequately demonstrated, but I am short term bullish. I'll be maintaining a tight gradually increasing stop loss currently set ~$3.20, just in case there is another general market meltdown, or failing that, some "unanticipated" operational problems with the mill.

You are correct, SS.

Fundamentals do have to be proven out. But the unstoppable determination to do so is there. Has been for a very long time.

And with regards to Market melt downs and melt ups: Well, they're tidal and carry much more along them than just Novo.

Let's ride.

Tx