Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

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TSX:NVO - Post Discussion

Novo Resources Corp > Like Positive Phototaxis?

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Post by Mineshack on May 16, 2021 5:14pm

Like Positive Phototaxis?

"Once an insect flies close enough to a light bulb, it attempts to navigate by way of the artificial light, rather than the moon. Since the light bulb radiates light on all sides, the insect simply cannot keep the light source at a constant angle, as it does with the moon. It attempts to navigate a straight path but ends up caught in an endless spiral dance around the bulb."

That was a logical explanation for why flying insects will spend their night bouncing off a light bulb.

Can anyone provide me with as much logic in explaining why there are many posters on this board and CEO.CA who chose to invest so much time and effort to talk-down Novo?

I cannot make any sense of it and don't want to waste time reading them. Often the short position is blamed, but it seems more intelligent for shorts to invest their efforts in deflating an over-bought stock near its high. Their behavior would seem more rewarding for a value investor attempting to accumulate at a discount.

Is it somehow like Positive Phototaxis?

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