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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Bullboard Posts
Comment by nambuon Jan 11, 2006 4:37pm
193 Views
Post# 10163314

RE: Tax Loss Selling

RE: Tax Loss SellingWelcome to 2006, a new calendar year, Unclerico. (Though I think I already wished you a happy New Year !) Generally people take tax loss at the END of a tax year. Generally a tax loss sale is at a lower price than purchase - which even at today's price is a lot less than all moving averages and pre-consolidation price. Which might explain the NVO graphs through November and December. The anomaly post Dec 22 is either just that IMHO, an anomaly, perhaps due to errors from a select handful of brokers or retails that followed. Those who sold the more of their NVO into the frenzy and took less of a loss congratz. If I infer someone should read their non-disclosure agreement that does not make me a basher... perhaps your devil's advocate long? LOL.
Bullboard Posts