Goldtent TA Paradise

NVO opened again

1. Plunger says:

   August 15, 2017 - 12:14 pm at 12:14 pm

   Weekly RSI over 95…. Does that qualify as overbought?

   https://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=2&mn=6&dy=0&id=p00146337359&listNum=56&a=539654277

   • Marauder says:

     August 15, 2017 - 1:15 pm at 1:15 pm

     Sir Plunger, your views on NVO? Is it getting into overbought/extreme conditions?

     • Plunger says:

       August 15, 2017 - 2:04 pm at 2:04 pm

       Over bought? Totally!…. but that doesn’t mean much.

       I am holding. I actually bought more today.

       I stand by all of my previous comments on Rambus (not sure you are on it) over 2 weeks ago I said DON”T wait for a pull back just buy as much as you can as long as your wife won’t divorce you if you lose it all. I said don’t take any profits just hold on!

       Show me anyone else who gave such a green light? All the commentary I heard was to wait for a pull back as it was ahead of itself. You bet its ahead of it self, but the guys standing at the station don’t care

   • Mamare says:

     August 15, 2017 - 5:14 pm at 5:14 pm

     Plunger,
     I have bought ARTEMIS resources that have its feet in the same territories of Novo and have a pertnership with Novo.
     Yesterday (australian time) it did make +35% with 25 millions share volume (average is 5 million), australian market will open in about 1 hour.
     What do you think about this company and stock? Could be a another 10 bagger?
     https://finance.yahoo.com/quote/ARV.AX?p=ARV.AX

     • norvast says:

       August 15, 2017 - 5:25 pm at 5:25 pm

       Refer my comment below…Artemis hold the tenements not Nova

       • Mamare says:

         August 15, 2017 - 5:28 pm at 5:28 pm

         Thank you norvast 🙂

2. Marauder says:

   August 15, 2017 - 12:50 pm at 12:50 pm

   Indeeed….giddying heights!

3. Northstar says:

   August 15, 2017 - 1:31 pm at 1:31 pm

   Yowzer.

4. Olyeller says:

   August 15, 2017 - 2:43 pm at 2:43 pm

   I am unable to sell even if I wanted to as my PP shares do not become free trading until after Labor day. Novo is now over 12% of my junior pf of 30 companies. For a possible comparison, Diamond Fields went from .40c to $100 in less than a year. It corrected to $20 then was bought out by Vale for $174 a year later. So, .40c to $174 in 2 years. I am mentally preparing myself for Mr Toad’s Wild Ride with this one as I am not selling a single share until this one plays out. Diamond Fields chart on this link: http://www.visualcapitalist.com/the-story-of-voiseys-bay-the-auction-part-2-of-3/

   PS: If Quinton’s Wits 2.0 theory is correct, then this will dwarf the Voisey’s Bay discovery.

   • Plunger says:

     August 15, 2017 - 4:18 pm at 4:18 pm

     Glad to see someone out there gets it!

     • Marcusjames says:

       August 15, 2017 - 4:39 pm at 4:39 pm

       Got in a bit late, but still am up 80%. I was wondering about the other mining company Novo will be spitting profits with, Artemis Resources. They are up 200% I think, in just a few days. Still a penny stock. Do you know anything? It’s hard to find commentary.

       • Olyeller says:

         August 15, 2017 - 5:08 pm at 5:08 pm

         Novo just amended the J/V they have with Artemis on the Purdy’s Reward section of Novo’s holdings. Novo has over 7000sq km staked now in the Pilbara. Management of Artemis is very suspect, so I would much rather own Novo here since both have now moved up significantly. The 25km Purdy’s Reward area (where the recent discovery has been made) is less than 1% of Novo’s total land package. The 2×2.5M pit for the bulk sample was at surface and they still will not know the significance until they drill test it. They do not know how thick it is, if its all mineralized, or even how far it extends under the basalt. It is too soon to be sure this discovery has Wits sized potential until some of these questions are answered. However, the market is pricing Novo as if these questions have already been answered and the stock is trading as a “must have in my portfolio at any price” valuation here. In other words, the market is telling us the risk is not being into possibly the greatest gold discovery of the past 100 years, as opposed to worrying about paying too much for it here.

         • norvast says:

           August 15, 2017 - 5:22 pm at 5:22 pm

           Artemis hold the tenements not Novo.

           Disclaimer: I own 50,000 shares in Artemis

         • Mamare says:

           August 15, 2017 - 5:27 pm at 5:27 pm

           I own more than 100.000……….yep…….let’s hope…..
           __________^..^___________

         • Marcusjames says:

           August 15, 2017 - 5:54 pm at 5:54 pm

           Thanks Olyeller.