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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 Rocker66on Apr 12, 2018 8:25pm
98 Views
Post# 27876853

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big mistake.....

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big mistake.....By the way someone tell me how well fundamental analysis did when it came to Novo. Did it prove that this was Wits 2. Everyone was certainly fundamentally hot to trot when QH did his magic show on the live feed showing his boys jackhammering out nuggets and driving the price up 10X because this was going to be bigger than the Wits. But now we know the fundamentals did not support any of that this is the Motherlode enthusiasm.

So someone please tell me how Fundamentals alone has proven anything. Don’t bother I already know the answer and it comes straight from QH’s mouth when he said he is puzzled, he doesn’t know where the fine gold is, he doesn’t know the source of the gold. Fundamental analysis at this point has failed to prove anything, but people are willing to talk the supposed fundamentals to death while at the same time dismissing any thought of determining what the buyer and sellers in the stock are doing.  I personally combine FA and TA and do not depend on one singularly. IMO just looking at one aspect of any decision is using blinders and excludes what can be a lot of important information.

Now that I have that off my chest I will disengage.

Bullboard Posts