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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

Chemicals Specialty Chemicals
"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."

Bullboard (TSXV:NXX)

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Comment by loosegooseon Apr 08, 2014 12:25pm

RE:RE:RE:RE:RE:RE:RE:RE:Testing Patience

What was going on in 2001 is totally irrelevant to what was happening in 2011. To try to minimize the mess in 2011 is misleading in my opinion. This mess was created under the leadership of your ...more  
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Discussion
Comment by withoutabiason Apr 08, 2014 11:15am

RE:RE:RE:RE:RE:RE:RE:Testing Patience

I  agree with you. The balance sheet was a little of a mess. But not as much of a mess  as it was, say, in 2001, and a few years after that.  A little equity injection was in order, and ...more  
93
Discussion
Comment by loosegooseon Apr 07, 2014 5:35pm

RE:RE:RE:RE:RE:RE:Testing Patience

Very good information about Johnex and much appreciated. However, the Balance Sheet was also a mess at the end of 2011 into 2012 and it appears a lot more than the All-Group funds were needed to ...more  
107
Discussion
Comment by withoutabiason Apr 07, 2014 4:58pm

RE:RE:RE:RE:RE:Testing Patience

I had personally met the late Richard Johnson (when I was working in Australia) , the man who built Johnex. He showed me his operations, told me about the cost involved. I am certain that what Nordex ...more  
86
Discussion
Comment by loosegooseon Apr 07, 2014 4:11pm

RE:RE:RE:RE:Testing Patience

I agree my analytical abilities and business evaluation skills do not match yours. My limitations restrict me to simple comparisons of statistical data. Just a question, but how can you make a ...more  
97
Discussion
Comment by withoutabiason Apr 07, 2014 2:25pm

RE:RE:RE:Testing Patience

I know not just some of the previous Board members. I have dealt with Crossgrove decades ago, I met him on numerous occasions, socially and on business. I even invested money in his companies.   ...more  
90
Discussion
Comment by withoutabiason Apr 07, 2014 1:35pm

RE:RE:RE:Testing Patience

You must be kidding! Obviously you have no analytical abilities or business evaluation skills. You should know that the actual reported actual results are lagging the board actions, generally by a ...more  
100
Discussion
Comment by loosegooseon Apr 07, 2014 12:28pm

RE:RE:Testing Patience

Based on the 2011 financials the Company had declining revenues and limited resources under the previous Board. The new Board raised the funds to get the Johnex project done. It is likely the project ...more  
111
Discussion
Comment by withoutabiason Apr 06, 2014 4:18pm

RE:Testing Patience

The reason the stock is stagnant is very simple. Lack of confidence in the current board! All the current good news (such as getting exclusive rights for Johnex perimeter control explosives, the best ...more  
107
Discussion
Post by Bean_and_Dunnon Apr 03, 2014 11:25am

Re: Johnex; This is information we need to hear.

Nordex is presently producing over 100 - 25 kg. cases per 8 hour shift and ramping up to full production of 120 cases per shift. So far they have sold all that they have produced. I would like to ...more  
138
Post by Bean_and_Dunnon Apr 03, 2014 11:17am

Johnex is moving!!!!!! 2500 cases manufactured and sold!

ordex Continues to Increase Production of Buttbuster Explosives Product Line   03 Apr 2014 10:58 ET  ...more  
127
Comment by loosegooseon Mar 31, 2014 12:19pm

RE:RE:So Loosey if they are doing such a good job...?

Looked back at press releases and July 8th release states 300,000 options were issued, 150,000 at $0.50 and 150,000 at $0.75. BDO are listed as the auditors and as such trust the accounting for the ...more  
133
Discussion
Comment by Bean_and_Dunnon Mar 25, 2014 12:18am

RE:So Loosey if they are doing such a good job...?

You never answered my questions Loosey.  Can you explain how in the second quarter of 2012 Nordex earned 2.6 cents profit on $109,323 of income when in the previous quarter and the one following ...more  
137
Discussion
Comment by loosegooseon Mar 23, 2014 1:41pm

RE:So Loosey if they are doing such a good job...?

Always room for improvement but looking at comparisons of 2013 to 2011 the company has achieved several successes and shown considerable progress. Sure there will be more ups and downs and ...more  
119
Discussion
Post by Bean_and_Dunnon Mar 21, 2014 4:09pm

So Loosey if they are doing such a good job...?

...then, why don't they pay a dividend?  The quick answer is that they are not very profitable.  Then there is the bookkeeping challenges.  Can you explain how they supposedly made ...more  
159
Discussion
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