Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

Bullboard Posts

Comment by Fabrix72on Nov 01, 2018 7:47pm

68 Views

Post# 28911496

RE:RE:RE:RE:RE:RE:RE:RE:Wake me up next year !

I don't like to drink...but I am an heavy smoker. Since couple of weeks I switched to my new IQOS but considering how NVO is now traded....and after listening to the lates Jordan the dailygold intervew....I have eventually decided to buy a vaporizer. That can be used in different ways if you know what I mean...

TXRogers wrote:

TinyTim wrote:

TXRogers wrote:

TinyTim wrote:

Fabrix72 wrote: BH,

I know what a tax loss selling is. I probably didn't espress myself correctly as english is not my language. I think the majority of us still holding NVO are either old NVO investors still in the black...or newers with long term plans that may still average down. Considering that some news may come out sooner than later...I don't think we'll see many people sell at this stage.

BlackHawk7 wrote: Fabrix72, tax loss selling is not a trend, it is just financial management. You have one stock that has done extemely well and you want to take profits but you don't want to get hit with the tax bill. So you sell a loser, even if you think it will work out later, and take your loss to apply against your gain to reduce your tax bill.

There are a lot of people who have losses in NVO that I can see them selling for taxes especailly knowing we are going into the hot Aussie summer and the work at Egina won't start until the 2nd quarter.

So why not take you loss now for tax reasons and then reposition yourself with a lower cost basis some time next year. NVO may be a story stock but it is not immune to basic financial management.

Fabrix, tell him not to forget about the 30 day rule. You could also ask if he has loss carryforwards.

Also, if you have a doctor friend, certain er... drug costs can be deducted from taxable income. If you are elderly, the cleaning lady and in certain cases, snow removal costs, and the masseuse also:)

All the curses of Canadian residency. Hence the need for large volumes of Cuban rum. Maybe even eligible under the national health care plan to accompany the prescription weed. I don't believe this pertains to you Fab, nor your place of residency in the Old World. But that does not mean you should overlook the medicinal benefits of Cuban rum. It helps with this investment no matter where you reside. Tx

Yes. Any investment related expenses are deductible. Which includes fees for live quotes, newsletter advisory services, and Cuban 7 yr costs if it helps calm your nerves to make you a better advisor.

And the fact of the matter is most people will never be audited. And when they do come they only hit you for the past 3 years.

So go for it.

TT does:)

And don't forget to mention, TT. Excessive drink has made you a much more compassionate and warmer human being. Something this board has grown to appreciate. Tx