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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 Jul 08, 2018 2:05pm
136 Views
Post# 28285332

RE:Where have all the flowers gone...

RE:Where have all the flowers gone...The frustration you speak of comes in two flavours:

1)  Those who invested early and held on after achieving a 10 bagger hoping that the hype would push the stock to a 15 - 20 bagger or more.  These folks are frustrated that the hot money which has left has not been more than offset by newbies being sucked into the Novo story.

2)  Those who missed the initial boat and decided to jump in at the "bargain" price around $4 CAD and are waiting to catch the next (which may not happen) 10 bagger and are now wondering how or when it will materialize.

For the rest of us watching the spectacle from afar there is no angst or worries or frustration.  We just are curious about the flash-in-the-pan called Novo and how the story will eventually pan out.  This is a story stock, but the ending of the book is far from being written, regardless of whether the ending is good, bad or ugly.
Bullboard Posts