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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

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

Bullboard (TSXV:NXX)

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Post by Bboomer2on Jun 07, 2016 9:40pm

2016 1st Quarter

Thank you goldpolka.   I just browsed through the report and notice the inventory has increased $350,000 over last year's 1st.   This seems like poor management for a struggling company ...more  
Comment by Bboomer2on Jun 07, 2016 9:38pm

RE:RE:First Quarter 2016 & 2015 Results

Thank 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 ...more  
Comment by goldpolkaon Jun 07, 2016 2:35pm

RE:First Quarter 2016 & 2015 Results

First quarter results are out. Check Sedar. Or am I hallucinating ? Also, I said you needed to buy stock before end of May to vote (I think), not first of May. Good luck to all.
Post by Bboomer2on Jun 06, 2016 9:35pm

First Quarter 2016 & 2015 Results

Goldpolka........Guess I'll miss the AGM then  if I had to buy back in before first of May..   Just checking back, previously, 1st quarter results have been released 28th  of May ...more  
Comment by goldpolkaon Jun 06, 2016 11:06am

RE:RE:RE:Someone's Buying Stock but not Explosives

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 !
Comment by Bboomer2on Jun 03, 2016 7:08pm

RE:RE:Someone's Buying Stock but not Explosives

You know Goldpolka, I'm thinking of buying in for a couple hundred dollars just to be recognized at the AGM.   Promlem is, we ( small shareholders that is) will probably not know where the ...more  
Post by withoutabiason May 25, 2016 11:47am

Quiet funeral

This company is dying. Slowly but surely. Party to blame: You, the passive shareholders I have warned you a long time ago that the putsch by All Group Financial Services clns in 2012 was a very bad ...more  
Comment by Bboomer2on May 19, 2016 10:34pm

RE:RE:Someone's Buying Stock but not Explosives

I know......like I said, Nordex is like a sore tooth you keep sticking your tongue into.   I pxxxes me off that we bought into a promising company at +$0.50 with a dedicated and knowledgable ...more  
Comment by goldpolkaon May 19, 2016 2:55pm

RE:Someone's Buying Stock but not Explosives

I thought you sold your position ? Can't let it go ? Trying to drive yourself nuts ? What's the axe to grind here ?
Post by Bboomer2on 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 ...more  
Post by Bboomer2on May 03, 2016 11:58pm

Time to Cash Out

As you know I cashed  out recently at $0.06 but Nordex is like a sore tooth to me.   It had such great potential and showed sales growth until Jim ended the sales relationship with Norroc. & ...more  
Post by Bboomer2on May 02, 2016 10:25pm

Time to Move On Jim

Sales are down $2.4 million.    Liquidity (debt) is $10 million with a significant amout of it  at 15% interest 4 months equivalent  of inventory or $5.5 million with most of it ...more  
Comment by tayjon80on May 01, 2016 4:19pm

RE:RE:All doom and gloom?

Finished product inventory actually decreased by 500k, but yes, the raw material inventory doubled.  So, I am not sure the actual hit is $5m.  All companies are going to carry some inventory ...more  
Comment by Bboomer2on May 01, 2016 1:57pm

RE:All doom and gloom?

The large inventory which seems static concerns me.   With inventory amounting to 4 months of sales convinces me that unless the plant is totally mismanaged, there is a lot of obsolete or ...more  
Post by tayjon80on May 01, 2016 12:25pm

All doom and gloom?

I am unlikely to buy more but the doom and gloom statement of reliance, technology and dependence are also found in years when sales were lower than current. The fact that the company went from ...more  
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