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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 6,700 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 lithium joint ventures with both Liatam and 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 Wallstreet1112on Oct 25, 2018 1:14pm
258 Views
Post# 28872389

RE:RE:RE:RE:RE:RE:RE:RE:RE:In case you missed the latest from HH

RE:RE:RE:RE:RE:RE:RE:RE:RE:In case you missed the latest from HH
thegeologist wrote: Sorry to hear that they are paying Bob 'n Jay instead of you. Truth is that you put a lot of effort in what you are doing. Even though the results are not right one still has to appreciate your conviction. What's your average now? How big a hit did you take with Novo?


Yes I do, and it's not wise from a personal financial stand point to not ask/demand to perhaps get a peso or two, but I'm not big on self promotion. I just love the case and love to research stuff.

I have gotten offers from different companies, but I simply haven't been focusing on that stuff, but have rather chosen to do my own stuff. Novo would be one of the first I would accept though, if I ever get around to actually hammering something out.

Average about $3.1 ATM, down from about $4.5 or so (been buying as low as $0.70 and as high as $8). Was up about 70% earlier this year, but took a big bath after the NR when it was around $6. ATM around +3% for the year. Since I go very heavy into my favorite ideas, the swings are enormous, and I don't recommend anyone to have such a concentrated position. It's my third time since 2015 I take a 30-50% downswing, but the up waves have been even greater, so it has been a swingy uptrend, but a solid uptrend none the less.

I'm very long and very bullish (especially at these levels), but anything can happen in the short term. I have been averaging down at every opportunity, and  I got more shares than ever. If I'm right I'm gonna make a killing over many years I think. If I'm wrong, then I will be killed. Simple as that. I just love the R/R.

I don't say buy or sell in my articles. I don't put out a price target. I give my personal view/investment case (that I am betting heavily on), and so far I have never been paid a cent to write any of it.

I might be wrong (god forbid), but everything I write is my belief, and I haven't been paid to write any of it... Which might change some day.

Bullboard Posts