Novo Resources Corp T.NVO

From @AUinvestor

[WisGuy1]

"...... 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!" 

[GildedWillie1]

Well that's nice if you bought at 18c. Not so nice if you believed the hype and bought at $7. But Novo better get lucky soon, cos they soon won't be able to afford the cost keeping their land portfolio in the Pilbara, given the annual rates go up exponentially after a few years if you haven't actually done anything on them. Let's see what Becher produces. It's really their only

[ValuePro]

So far, the Indian Wedding Season has had little or no effect on POG and miners.  But the market's height is in June, so the usual pressure from that may be just ahead, along with the Fed easing or stopping the rise in interest rates. And no one cares if you "bought at $7."  That's your issue unless you were defrauded, and on that issue, I doubt you can present any

[mortgages101]

VP what good news are you expecting? Based on their cash burn they are out of money by November so a raise in in the cards. That's not good news. 

[Perambulator]

Not sure why you keep quoting rookie investors who bought into Novo at $7 and didnt know enough to minimise their loss by selling much earlier. Stockholm syndrome?