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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 Heywood_Silverson Jun 03, 2018 4:27pm
152 Views
Post# 28117623

RE:RE:RE:RE:Not $10

RE:RE:RE:RE:Not $10OldFX, I agree with you totally about NVO being at this point only a story stock with nothing of substance to back it up yet.  Many NVO investors missed the boat when the stock was up 1,000% and they didn't sell hoping that it would turn into the world's largest gold find ever.

Here's the thing though, most investors are actually that - investors.  They are not day traders as they have actual jobs during the day and don't have the time to devote to deciphering charts or reading the tea leaves, etc.  You enjoy the risk/reward potential from trading, but most prefer the fundamental analysis of buy and hold (think W. Buffet).

You can day trade and pay a pretty penny to Uncle Sam in ST captial gains taxes and run a tidy bill for broker fees.  You are entitled to do that, but most here don't roll the same way you roll.  TA and Fundamental Analysis are not completely mutually exclusive, but neither is necessarily superior to the other.  It depends on how one wants to approach stock buying.  Neither is wrong or right - it is all just preference!!
Bullboard Posts