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Nordex Explosives Ltd V.NXX

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


TSXV:NXX - Post by User

Nordex Explosives Ltd > First Quarter 2016 & 2015 Results
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Comment by Bboomer2on Jun 07, 2016 9:38pm
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Post# 24944389

RE:RE:First Quarter 2016 & 2015 Results

RE:RE:First Quarter 2016 & 2015 ResultsThank you goldpolka.   Just browsed through the 1st quarter results for 2016.   Looks like inventory increased $350,000 over 2015 first.  This company is struggling and has a major inventory increase.....that's not good management is it?  As I've expressed previously, I'm concerned that Jim is carrying a lot of those Buttbusters and obsolete detonators on the books at full value which is wrong.   The auditors will catch it one day.
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