RE: InciteSorry, but if you read the SEDAR report all the numbers are there, no secrets. And Sandstorm doesn't peal all the profits they get an extended cut of the project, but not even close to 99%. The stocked crapped out because the IKERD deal went south, so investors dumped, that all there is, and IKERD wasn't even as important as REX and ROSA, and turns out that IKERD was low grade coal. For the record ive bought up a position down low, im not trying to pump, its simple they have two operational coal mines selling high grade coal, and have two high end mangers overseeing production, they just upgraded the wash plant and have legally been cleared in an environmental case, and if they win the IKERD lawsuit they will be compensated for losses. If anybody isn't doing anything its KIN, the new IR company. Jimmy Rockford post the same information.
(Vancouver, BC, October 5, 2011) Novadx Ventures Corp.(“Novadx” or the “Company”) - (TSX-V: NDX) announces that that itswholly-owned subsidiary MCoal Corporation (“MCoal”) has appointed Mr.John Pyles to the position of Safety Manager and Mr. Jarrod Gabbard tothe position of Manager of Coal Sales and Logistics.
Mr. John Pyles brings to MCoal 37 years experience working for theUnited States Department of Labor, Mine Safety and Health AdministrationDivision (“MSHA”), including over 27 years as a senior supervisor /manager in various Appalachian regions. Having held senior roles in boththe Technical and Inspection divisions, which included all aspects ofventilation, health, electrical education, highwall and safetyinspections at approximately 80 underground and 95 surface mines, Mr.Pyles' experience will be valuable to ensuring employees a safe workingenvironment.
Mr. Gabbard is joining MCoal from US Coal Corporation where he heldthe position of Manager of Southeastern Sales and Logistics, overseeingsales, marketing and rail, truck and barge transportation logistics forthe company’s specialty/stoker coal and utility coal products. Mr.Gabbard has been a director of the Kentucky Coal Association since 2008and was recently appointed to the Association’s Executive Board. He isalso a director of the Lexington Coal Exchange, member of the NorthCarolina Coal Institute and charter member of the Central AppalachianStakeholders Campaign.
Neil MacDonald, President and CEO of Novadx and President of MCoalcommented, “We are very fortunate that these two experienced managershave agreed to join our team at MCoal. Mr. Pyles experience while atMSHA will serve to ensure the safety of our employees as we continue ourunderground development and commence mining operations at the Rex mine.He will also oversee our safety programs and procedures at the RosaMine. Mr. Gabbard’s appointment marks a turning point in our Company asour production increases over the next few months at the Rosa and Rexmines. Mr. Gabbard’s experience in marketing coal will serve to ensurethat we are able to maximize the revenue from our coal marketingactivities.”