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 Silverwhereon Dec 23, 2018 12:15am

90 Views

Post# 29151343

RE:RE:RE:RE:RE:RE:what happened today?

TXRogers wrote:

Silverwhere wrote: Sorry guys, just have to correct my terminology in this post. Was referring to precious metals stocks of course, and not resource stocks.

Anyway, Monday should be interesting!

Silverwhere wrote: MM1 - I know next to nothing about options / futures but have seen large movements in resource stocks in the past which, as you stated, don’t trade in these instruments directly. However, the resources stocks which make up the GDXJ seem to be affected by GDXJ options & the like.

Maybe you can explain the Calls and Puts spikes in volume & open interest for Dec 21 here:

https://www.nasdaq.com/symbol/gdxj/option-chain

Also, see 2018-12-21 2:21PM EST here – the Open Interest spike Low:

https://finance.yahoo.com/quote/GDXJ/options/

Maybe my 3:21:21 PM ET Novo dip BUY near the daily Novo Low was just a fluke spinoff of a Freaky Friday Options event?

Thanks in advance for any clarification,
SW

MoreMoney1 wrote: TX and SW, I hate to burast anyones bubble but triple witching has nothing to do with NVO. Now if you were talking about amazon, apple or adobe or something like that it would be applicable because they are affected by options expiration but NVO has no options or futures expriations that would affect it at all. Nice try but it doesn't work in this case.

TXRogers wrote:

Silverwhere wrote: This is part of the reason for today's volatility & volume; especially being year end . . . https://www.google.com/search?q=quadruple+witching+hour&sourceid=ie7&rls=com.microsoft:en-US:IE-Address&ie=&oe=&safe=active&gws_rd=ssl

Well done, SW. Well done. Tx

Well SW...the Friday close was marked by the following event:

An event marked by 127 individual BUY orders for a total of 719,807 shares purchased. Except for a single1000 share block purchase closing at 16:31 for $2.32, all these remaining purchases were marked at 16:10 after the closing bell. And all these buys were at $2.32 for a total of $1,669,952 by "Anonymous" buyer.

At the 16:00 close, the NVO trade was actually standing at $2.07 for the day. The post bell trades that were closed prior to 16:10 were also driven upwards by "Anonymous" from $2.07 to $2.15 to 16:08:30 post bell. After that, they leaped up to $2.32 at 16:10 for the offical Friday close.

Tx