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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 WisGuy1on Jul 23, 2021 9:37pm
216 Views
Post# 33600234

3 posts from @goldenphight

3 posts from @goldenphight
 
 Novo Resources is at the bottom of it's long-term historic pattern, just relax and go gardening or something. :D  Train yourself to be pessimistic/concerned after strong upside, and optimistic/excited after prolonged downside -- a contrarian philosophy.  Sweep paper profits into physical assets, rinse/repeat. 9 from #nvo, 12 May 2021, 00:46
 
@goldenphight Nice finding some nerds on the boards.  My life is split, graduated comp. sci., worked 10 years as a software engineer at Thomson Reuters, quit/left for the Philippines almost 10 years ago.  Recent NVO buyer, $1.85 avg., set & forget plan.  Most my capital in the Philippines, in Apex Mining.
 
Not much to add to the board, just buy and forget -- focus on life, ignore the drama@goldenphight Hang tight guys .. after this correction is through, it should be a long long steady move up.  The frustration is intense, and many will sell all the way up, as they reach break-even or similar.  Selling remorse will be real.  I've been quiet, because I felt confident this would be a long period of frustration (recall my Novo "guestimation" chart and label of "especially difficult, psychologically."
 
Forewarned is forearmed.
 
Knowing this, it gives us an edge psychologically to persist, to carry on, in the face of pressure -- to not capitulate.  I have been focusing on life and just check charts to confirm they are behaving as expected .. grind grind.  We are close.
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