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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

Post by Mineshackon May 16, 2021 5:14pm
186 Views
Post# 33211800

Like Positive Phototaxis?

Like Positive Phototaxis?"Once an insect flies close enough to a light bulb, it attempts to navigate by way of the artificial light, rather than the moon. Since the light bulb radiates light on all sides, the insect simply cannot keep the light source at a constant angle, as it does with the moon. It attempts to navigate a straight path but ends up caught in an endless spiral dance around the bulb."

That was a logical explanation for why flying insects will spend their night bouncing off a light bulb.

Can anyone provide me with as much logic in explaining why there are many posters on this board and CEO.CA who chose to invest so much time and effort to talk-down Novo?

I cannot make any sense of it and don't want to waste time reading them. Often the short position is blamed, but it seems more intelligent for shorts to invest their efforts in deflating an over-bought stock near its high. Their behavior would seem more rewarding for a value investor attempting to accumulate at a discount.

Is it somehow like Positive Phototaxis?

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