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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

Bullboard Posts
Post by nambuon Nov 22, 2005 11:38am
193 Views
Post# 9902876

Get out NOW

Get out NOW Check previous posts on average down and timing... and yes I'm mostly out as of those posts... but far from done! (So do your DD, this is IMHO.) The quarter's numbers are likely going to be flat and there are grumblings of further staff attrition. The .40 resistance is the signal you should be looking at - don't fight the trend, sell into it. Stochastics point us to a lower range in the very near future - technicals have been pretty accurate for all of 2005 so forgive me if I seem to be stating the obvious - look at new descending pattern on graphs yourselves. There will be time to get in during the best of the tax loss period on NVO if you're still long - at .25-ish this is a deal based on book alone. A VOIP deal sounds fun but it's not their forte and there will be little margin once they get their people, processes and not to mention software all lined up to make it an efficient venture. (If anyone here has ever worked with Cisco Call Manager you know what I'm talking about). This is the news blip you need if you want to tax-loss early... ...gauge your bottom wisely and beware the pumpers here who've been "loading up" in the .40s range - let them - in fact, hope they fill your sells today. just my 0.02 ...carry on - I'll go back to my gold and oil slogging now...
Bullboard Posts