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Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s):  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... see more

TSX:NVO - Post Discussion

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Post by likeike on Sep 09, 2020 12:42pm

debt

From that article I am not a 100% sure of the cost to buy millenium.

So 50 mill in shares, took on 35mill in debt? Just a little fuzzy ,,,,must

have been that spleef IKE
Comment by stocksluice on Sep 09, 2020 12:54pm
Only spleef when jammin, mon!
Comment by CrimsonT on Sep 09, 2020 1:02pm
Ya mon.  $100m ike the spike. That music is fine for the first 30 minutes of a 7 day trip but will drive you nuts by the end of the vacation. CT 
Comment by likeike on Sep 09, 2020 4:28pm
Loved the bands and loved the non stop Bob Marley and especially loved a live performance to dance of his Exodus. Spleefs however I found too harsh and my regular pot smoking  roomates agreed. So is that it $100 mill?.........what a bargain for what we got!!!!! Only 7 months until a sustainable lift off .....I can live with that.                 ...more  
Comment by TXRogers on Sep 09, 2020 5:31pm
Novo is at Point 3 https://images.app.goo.gl/7WNoymoMqYjk6Tqr8 Tx
Comment by likeike on Sep 09, 2020 7:41pm
Tx are they anything like the cycles my wife has? IKE
Comment by likeike on Sep 09, 2020 7:53pm
Tx my question for you is how elongated are steps 4 and 5 going to be with the vast longevity and on going exploration etc of this very unique stock. Can you see the  imagination (foo foo) of the market realizing reality of the resource changing the  amplitude? IKE
Comment by TXRogers on Sep 09, 2020 8:53pm
No idea, IKE.  It's just a "stock valuation concept" graph.  Amplitudes and dips are not supposed to be quantitative in any way.  It's just a general pattern. The graph simply explains general low and high valuation points in a resource company's life cycle.  We are point 3 Tx
Comment by CrimsonT on Sep 09, 2020 9:05pm
Please state your gender so I know if I can give you a hard time about using TA for jr mining stocks. I might be a dyck, but I am a gentleman dyck. CT
Comment by likeike on Sep 09, 2020 11:18pm
It's just a "stock valuation concept" graph.  Amplitudes and dips are not supposed to be quantitative in any way.  It's just a general pattern. Yeah I know Tx have followed the graph for sometime but became  skeptical of it after being burned by a couple of stocks. When I was a youngin my pappy thru me an article saying most exploration stocks  are just a ...more  
Comment by TXRogers on Sep 10, 2020 2:51am
is your wife from the Left Coast?   They're really the most. Cheeseburgers and all. Tx  
Comment by likeike on Sep 10, 2020 10:42am
Westcoast(North Van) and not into cheeseburgers but I am. Love the clip and always liked Rockford but dead wrong on my wife. But if you can figuire her out you need more than just a gold star. I am just happy you got a good grip on mining industry too all our benefits. IKE
Comment by TXRogers on Sep 10, 2020 6:36pm
Just asking, Ike.  Just asking. Tx
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