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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 BillSmith9on Jun 02, 2018 6:39pm
227 Views
Post# 28116143

RE:RE:RE:RE:tuff horizon marker as an indicator of system continuity

RE:RE:RE:RE:tuff horizon marker as an indicator of system continuityI have been licensed and in the securities business more than 3 decades.  It's one thing to call the news release "Keystone Cops", it is another to say why you characterize it that way.  I didn't see it that way.

It isn't unusual to halt a stock to release news.  It is also common for news to be released before markets open or close.  While news travels fast, regulators often specify halts to avoid those in the know from having an unfair advantage.  The halt is to avoid chaotic  dare I say "Keystone Cops" trading.  

When a stock trades in multiple time zones around the world, a halt to release news makes all the sense in the world.  A market is always open somewhere. 

It isn't Novo's or QH's fault that there are a lot of uninformed investors out there trading with little geological background, who are unwilling or unable to do research, due dilligence, or read a news release.

It isn't Novo or QH's fault there are many with opposing agendas yelling "The sky is falling" repeatedly at those with low information, but full of hope fear, & greed.

They did what they could.  They stopped trading and released what they had.

If you have done your homework, you already knew if this was an opportunity to buy gold, on sale.

There are restrictions on insiders trading ahead of news.  It will be interesting to see if any institutions bought after the news.


Bullboard Posts