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Bullboard - Stock Discussion Forum Nova Royalty Corp V.NOVR

Nova Royalty Corp. is a royalty and streaming company. The Company is focused on acquiring copper and nickel Net Smelter Return Royalties (NSRs), Gross Value Return Royalties, Net Proceeds Royalties (NPRs), Net Profit Interests, Gross Proceeds Royalties, Gross Overriding Return Royalties, and non-operating interests in mining projects that provide the right to the holder of a percentage of the... see more

TSXV:NOVR - Post Discussion

Nova Royalty Corp > What gives?
View:
Post by MarlinLong on May 19, 2021 4:18am

What gives?

I am losing my patience with Nova. We re stuck in the 3's, copper has increaed massively YTD yet no movement in Nova. Most oher copper equities are up substantially YTD. Unfortunately I invested after the big rally at the end of 2020 so I am underwater.

So as a royalty play Nova should be moving in tandem with the underlying projects which presumably all have gotten that much more valuable YTD with the big increase in copper prices but yet Nova doesnt move....what gives?  Are we still digesting the big Q4 2020 move? Are their large sellers sitting on the bid?   Alex please feel free to chime in...thanks
Comment by FlyingV67 on May 21, 2021 2:53pm
I think it's more to do with the radio silence on new deals, they were fast and furious in the beginning but we've haven't seen any market moving news recently. I would imagine with the price explosion in copper it's going to be harder to secure royalty deals at competitive prices right now. Nothing has changed long term with NOVA. The stock was on a masive run up and a ...more  
Comment by Goldred on May 26, 2021 5:11pm
Well, one of their problems is that all of there royalties, none are producing, i.e., a few in development and most in exploration.  I takes forever to go from exploration to a producer in the copper space.  I'm only down a little after previously trading this at higher prices (successfully). The copper and nickel space royalty game is a much different animal than the typical gold ...more  
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