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 > Wall of Worry

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Comment by ValueProon Jun 16, 2022 12:46pm

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Post# 34761741

RE:RE:RE:Wall of Worry

Indeed, you are welcome to your opinion, but market action going into mid-day suggests that many of yesterday's sellers are among today's buyers, regretting what they did. And some buyers yesterday looked at it as I did, meaning the shares were oversold compared to asset values and receivables. Thus, I was a buyer late in the day.

These observations support my prediction of yesterday that we would see a nice bounce today. While that is in process, who can know where it will close - higher than the closing price on Tuesday or lower than yesterday.

Do you own DD and place your bets accordingly.

VP in AZ

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