NVO disappointment
chart speaks for itself:
I have no real clue what is really happening, something like a sample with good and bad assays came out today (very low grade), and I believe overall grade is far below expectations, although this is still very early in the game, NVO valuation leaves no room for mistakes!
This is of course bad for the entire sector, as I have the impression exploration stocks are very weak again today, thanks NOVO.
Anyhow I prefer to invest in companies with proven assets, resources, grade and preferably an economic study on it, so this is nothing for me, just a nice speculation game to observe. Good luck to all longs!
Treacherous markets wherever we look. They turn on a dime.
On the bright side,NVO.V closed the February 27th gap?.
Could have been worse.
If you were in Pacton instead, you’d be off 46% not a third.
Pump and Dump
Yesterday Kirkland Lake Gold reported they finished the purchase of 4,000,000 shares at C$5.00/share. Great timing!