Novo Resources Corp T.NVO

LOL trading below cash value...

[Bigredlark12345]

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....

[PeterThomas]

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

[OzsInGram]

This post has been removed in accordance with Community Policy

[Bigredlark12345]

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....