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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

Novo Resources Corp > Slowly things are normalizing
View:
Post by TXRogers on Oct 30, 2020 4:16pm

Slowly things are normalizing

Not sure why there is so much chatter on the reasons why Major investors are quiet, seeming disinterested, or even disengaged.  

The Major Partners are not tasked with building Novo into a producer.  Nor are they pursuing a takeover of Novo.  It is Novo's management that must build up the company.

Any that is exactly what they have been doing unabated.  With a good part of the decision making in 2020 occurring over ZOOM meetings across multiple continents.

It was just today for example that Japan and some of its trading partners (including Australia) have agreed to allow travel between themselves.

https://japantoday.com/category/national/corrected-urgent-japan-lowers-travel-advisories-for-china-7-other-countries-taiwan

Investors need to revisit the Novo NRs that have been released over the last 6 months.  Remind themselves of the definitive steps that have ransitioned the company from a pure exploration story into an intermediate gold producer.  

Constant criticism and doubts about Novo's business plan can be acknowledged , but there can be no denying that rapid execution of its declared mission statement is taking place under abnormally adverse economic conditions.  And as an investor that agrees with Novo's potential business proposal, it is exactly this execution I want to see.

As investors, we can expect Novo to be mining and producing significant quantities of gold by Q1 of 2020.  I see no reason today on why we should expect otherwise.  

As for the size, activities, and behavior of the Major Partners:  I consider it all of little consequence at this point.  The more quiet they remain , the better.

Novo is moving forward unimpeded .  Let's hope it remains that way.

Tx

Comment by TXRogers on Oct 30, 2020 4:19pm
Sorry for the spelling errors.  "Phone fingers" and autocorrect dyslexia. Tx
Comment by TXRogers on Oct 30, 2020 4:22pm
...  we can expect Novo to be mining and producing significant quantities of gold by Q1 of 2021 Tx
Comment by oldfx1 on Oct 30, 2020 5:18pm
This post has been removed in accordance with Community Policy
Comment by JuglarJoesph on Oct 30, 2020 4:51pm
You dont know why? I will tell you why Tx: https://www.youtube.com/watch?v=VZhpNa5jCJg JJ:)
Comment by TXRogers on Oct 30, 2020 5:20pm
I suppose.   But seems more like pellets bouncing off a rolling tank. Not much "Hell" about it really. Tx
Comment by JuglarJoesph on Oct 30, 2020 5:28pm
Hell of a nice guy. McGuire(?) helped me change a tire once.  JJ
Comment by TXRogers on Oct 30, 2020 5:46pm
Hot Shots is a "must have" in the collection.  Holds its own decade after decade. Tx
Comment by JuglarJoesph on Oct 30, 2020 6:47pm
You really should consider moving to the day shift if you wish to have stimulating discussions Tx. Only the Rhino works the night shift and lately hes been snoozing most of the day. The day shift is still New York time btw, until the yuan becomes the reserve currency. JJ
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