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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TSX:NVO - Post Discussion

Novo Resources Corp > LOL trading below cash value...

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Post by Bigredlark12345 on Dec 01, 2022 11:34am

LOL trading below cash value...

LOL trading below cash value.Having one if not the largest land packages in australia.A mine to produce gold and over a million ounces already in the ground.I'll but 1000 shares for $190 dollar's as a lottery ticket.This stock was once at $6.77 a share.Very doubtful that will ever happen again.But It only takes one large find or much higher gold prices.To make it this fly....

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Comment by PeterThomas on Dec 01, 2022 11:39am

You are kidding, right ? It's a scam stock.

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Comment by OzsInGram on Dec 01, 2022 11:45am

This post has been removed in accordance with Community Policy

Comment by Bigredlark12345 on Dec 01, 2022 12:01pm

Obliviously you can't as of Sept 30th the company had over $46 million in cash and over $20 million in Marketable securities.They took a one time impairment charge on the mine they are closing down.That is not a real loss yet and most likely won't be.Under GAAP,an impaired asset must be recorded as a loss on the statement.This company can drill for years....

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Novo Resources Corp