Post by
Bboomer2 on May 18, 2016 7:13pm
Someone's Buying Stock but not Explosives
Wow! People or funds (Gotta be Teacher's Pension Fund-- They're dumb and more likely to yell to their broker, "Seven cents? Buy a bunch!" than a prudent or semi-intelligent investor.)
What do they expect from a company that pretty much said it was broke & approaching bankruptcy in it's annual report?
Any potential customers of any significance ask suppliers go include a copy of their "financials" with their bid package to be reviewed by their accounting dept to ensure the solidity of any supplier of critical items.....like explosives.
Check the stock chart folks. Look at 2 events of significance: the election of Mr. Taylor to the position of President and the cancellation of the sales agreement with Norrock (about Sept 2012) Sales continued to grow a bit based on Norroc's work but the long slow decline started shortly after this piece of managment expertise by Mr. Taylor.
His buyout package is (I've heard) 2 years salary. Nordex can't afford this based on current sales, loan and interest (15%) payments so Jim'll be turning off the power to the plant and helping the Sherrif nail the bankruptcy sign on the gate.
Entrepeneur of the year? Only in Kirkland Lake
Comment by
goldpolka on May 19, 2016 2:55pm
I thought you sold your position ? Can't let it go ? Trying to drive yourself nuts ? What's the axe to grind here ?
Comment by
goldpolka on Jun 06, 2016 11:06am
I think you had to buy shares before the end of May to be able to attend or vote at the AGM ... but maybe I am wrong. GLTA !