RE:RE:RE:RE:RE:RE:RE:RE:WGBubbah wrote: TXRogers wrote: Bubbah wrote: Fabrix72 wrote: Never argue with the manager !
Ciao TX ;)
TXRogers wrote: Bubbah wrote: Bubbah wrote: Bubbah wrote: You forgot to post this. You need to be objective if you want to make money. Dont fall in love with any stock.
Now some would say this is not important. But not me. They are selling when they can which means they dont believe the story. Economic story.
@sedi Novo Resources Corp. $NVO just filed 12 reports. View full report: SEDI:NVO Bubba
Now dont tell me they are concentrating on share buybacks because they arent selling any wm.
Bubbs
Resorting to selling in the open market is also telling. No one else wants the shares. Not soumi newmont creasy sprott or any minco.
Bubba
Except for one detail: Novo share prices are going up. Where there is a seller , there is a buyer.
And at a higher price.
The more likely explanation is that KL has a differing core business plan. One that it is prioritizing.
Novo is a master of its own destiny now. It must execute, and that's what we all expect. Independent of everything else.
That's the reality, and it's a good thing in my opinion.
Tx
Oh. I though it was Friday. Sorry.
Bubbs
Argument is fine. Collapsing share price is not.
Novo has to get its production up and running, and a positive business case has to be set and accepted by investors.
Showtime, baby.
Tx
I have retired to the lounge Tx. Perhaps another time. Besides, I am not a person who seeks out conflict.
Bubba
Masters of Sex. Apple Tv. 4 seasons. Darn and double darn, i was hoping to watch some porn with TA but its not porn. Anyway, so yes, kl buying was significant and kl selling is also significant. And that theyve not been able to arrange a private sale means the only takers are retail. I expect them to sell it all which tells me theyve crunched the numbers and arent impressed. Yes they are concentrating now on Sunday Lake but a gain is a gain if they thought there was one to be had. Nvo is going straight to production with their fingers crossed they can turn a profit. The market has been shown no feasibility study, formal or informal, not even back of the napkin calculations.
I dont know if it will be profitable or not. Nor does anyone else. But kl selling into the market is significant.
Bubbs