RE:BM would you be a buyer of Novo today?That's a really good and fair question.
For anyone who wants to know exactly what I would do in buying or selling anything they should spring for the $10 or $15 bucks my last two investment books cost. If you can't afford them you have no business investing in juniors. Anyone who buys them and doesn't feel they represent fair value can write me and explain why they feel that way and I'll give them their money back. I didn't need the money for writing them and really don't care about the income. They are good books.
I will not toot my own horn on the value of the books but you can read hundreds of reviews for both of them and they are a couple of the highest rated books on Amazon. Of course a lot of people really resent anyone speaking directly so there are a very few negative comments. If you read those and the others together you will realize that some people have an agenda and enjoy trying to make me look stupid. But when someone posts and negative review and clearly hasn't even opened the book you can realize he just bought me a cup of tea at Starbucks and I really appreciate that.
Novo is 50% higher than its low in March. Most other shares are much higher than that. In less than a month it has gone down 40%. The KL sale had nothing to do with trying to make money on the stock. It was pure vindictiveness on the part of GG and TM. If you don't know who they are, my book on Novo will be for sale the day they pour their first bar. While we are in the zone for a low in gold and silver, we still will have Tax loss silly season for the next 10-15 days. Novo could get cheaper. It is a wonderful trading stock and putting in a stink bid at $2.01 with the intention of holding it for a double I think would be a good trade. The general stock market has been pumped higher than before in history and I'm starting to see signs of a major decade long top and decline. If the market crashes, I would be throwning money at the market hoping for another two week long crash in the juniors.
I think the next move in the metals and shares will be higher, perhaps much higher. The PTB have burned the house down and I think we will see in a year or so that the empire is over. Certainly the money printing is identical to Gemany in 1922, France in 1789 and Russia in 1917. The result will be the same. For the long term, the 2030 "Reset" planned by the WEF is pure communism and if you want to figure out who the group is that will benefit all you have to do is figure out who controls the debt in the world. We should and I think will eventually have a debt Jubilee but all governments want more and more power even as it passes into the hands of the sociopaths who really want to own us. The idea of signing over everything you possess in order to become debt free is another way of saying we want you to be a slave. The PTB believe they can take control of the world but eventually people will wake up to the price that is being demanded. Governments always overestimate how much power they really have, they screw up a dozen times in a row and eventually go back to real money because you cannot have an honest economy without honest money.
That's the long answer, the short answer is that at $2.01 I would be throwing money at Novo. It's cheap now but might well get cheaper on a spike down. For the long term it has more gold than any other company in the world. But it will take 50 years to find and mine it all.