Bullboard - Stock Discussion Forum 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... see more

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Novo Resources Corp > Where I stand with Novo (if anyone cares)

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Post by WisGuy1 on Apr 15, 2022 4:36pm

Where I stand with Novo (if anyone cares)

I have bought all the way down. I've lowered my average but am still about $1.00 per share underwater. I was a heavy (for me) buyer last week. I don't believe the Novo story has significantly changed. Lots of "challenges" like QH says. It's taking longer than I thought, but QH is trying to build a mid tier gold company from scratch. I think he will succeed and I think gold will be coming out of the Pilbara for at least the next 50 years.

I will continue to add on significant pullbacks. IMO, we are at the very beginning of a gold bull market for the ages.

Is Novo a good buy at C$.92? I think so.

If Novo goes to zero, it won't be the end of me. I will still be fine financially. Ten years ago, I viewed Novo as a chance for generational wealth. I still do. I am a retired 73 year old man with a loving family. I ran a successful business for 35 years and am fine financially.

The hate from Bucc is unfortunate. I think he is an individual with obvious emotional problems and insecurities.

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Comment by ValuePro on Apr 15, 2022 4:53pm

Ditto, except that I am older than you and a retired independent real estate investment consultant - not a broker - with some academic background in geology. "The hate from Bucc is unfortunate." He can't care, as I believe he gets paid to do what he does. Why else would he put in so much "work" as he describes it?

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