Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp > THIS PUPPY IS SICK!

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Comment by rob1237on Oct 19, 2021 12:31pm

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Post# 34022966

RE:THIS PUPPY IS SICK!

ValuePro wrote: I have certainly had some disappointments after 45 years of investing in this sector. Sometimes I have purchased for the wrong reasons, bought late, sold too soon, or held too long waiting for substantive changes that never came.

Looking at Novo's performance this year, I don't feel it is terminal, though the short-term prognosis isn't good based on recent behavior. I'm here for the long term, so I will continue adding small amounts on new lows. Meanwhile, some news would help.

at $1.56 now....not sure if something is up....gold up...not much thou. Im out. Enough. I bought yesterday and im down. Was expect some up today.

In another observation, I see that the persistent basher writing for SeekingAlpha seems not to have written anything about Novo for about six months. On the flip-side of that, we have not heard much about Novo from BM recently either.

Yes, it indeed looks like an orphan stock. ...should have followed TX's veiled warning months ago. Long term, it's all good IMO.

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