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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 zentrarianNZon Aug 16, 2017 2:55am
332 Views
Post# 26586216

RE:RE:RE:Why there won't be too much gold - not for a long while

RE:RE:RE:Why there won't be too much gold - not for a long whileThanks, Tx...I have a substantial position (for me) in NSRPF and managed to get an initial position in ARTTF - unfortunately just after it jumped 85%, as I only just found out it was listed on the OTC. (Your post explains why I couldn't find it prior.)

I agree with your buying strategy, and would advise novice investors (of which I assume there are many with NVO and ARV) to never buy a stock at market. Just put in a limit order at comfortable amount above or below the market price (depending how bad you want it). If it doesn't match your price, there are always going to be other opportunities later or elsewhere. In cases where where no ask is offered, it probably means the stock is too illiquid and sets you up for getting seriously burned.

With that said, this could be the opportunity of a lifetime and maybe worth bending the rules!



Bullboard Posts