Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Novo Resources Corp T.NVO

Alternate Symbol(s):  T.NVO.W.A | 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

Post by WisGuy1on Apr 22, 2023 9:18pm
268 Views
Post# 35409090

From @AUinvestor

From @AUinvestor"...... I should have also mentioned in my prior post that historically, Gold has indeed performed extremely well during periods when there was a deteriorating fiscal situation at the same time there was a lack of investor interest in Gold... i.e., fence sitters waiting on their "And If But" "geniuses" screaming "Show Me" before they'll come off the fence (as pointed out then, always happens at bottoms)... an extremely bullish sign (maybe even a prerequisite) based on the contrarian investment philosophy that seeks to identify assets that are undervalued/over-sold/out of favor in the market. As an avowed, avid, unabashed, outspoken contrarian "Value Investor" who has always been most unpopular when buying an over-sold/under-valued asset at a bottom (over the past 3 decades - hundreds of examples - but you can think Novo bought as cheap as 18¢/share as just one of those) underpriced/over-sold as presenting a massive potential opportunity for a value investor such as myself to buy low and potentially profit from the mass hysterical ignorance (of others that actually sold to me at 18¢ and under! lol) during this time of yet another vicious cycle unfolding where Gold's performance in this time of economic uncertainty and price inflationary pressures accompanied by a complete and utter lack of investor understanding/perspective/interest is a quintessential, complete, utterly bullish sign for a contrarian investor such as myself and others here in the group. If you also feel this way, I'd say you are in the best of company and to sit tight in this "stealth bull market move in precious metals and the miners" that we've been so far correct it would be... sit tight as you WILL BE right!" 
<< Previous
Bullboard Posts
Next >>