Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 JB3729on Oct 24, 2017 11:06am
214 Views
Post# 26850228

RE:Margins

RE:MarginsI have participated in Fidelity's 'Fully Paid Lending Program' for years. There are 2 ways that Fidelity can loan your shares to shorts -

1) You fill out the paper work and agree to lend your shares to Fidelity. Fidelity then loans the shares to shorts and shares the interest with you.

2) You have a margin account and have a margin debit. A margin debit results from using margin to buy shares. Due to the margin debit you no longer own 100% of the shares held in your account and those shares are available to Fidelity to loan to shorts and you will not recieve any interest. Fidelity can do this without notification to you because they own a portion of the shares due to your margin debit. 

There are only a few shares shorted.

NVO as of Oct 15, 2017 - 243,785

NSRPF as of Sept 29. 2017 - 271,677

https://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=SecuritySummary&SECURITY_ID=229441&MARKET_ID=CDNX&SEC_SYM_SID=1&HC_FLAG1=on

https://www.otcmarkets.com/stock/NSRPF/short-sales

I own NSRPF shares and have not loaned them out.






Bullboard Posts