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Nordex Explosives Ltd V.NXX

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


TSXV:NXX - Post by User

Bullboard Posts
Comment by Bobwinson Sep 06, 2009 11:54pm
254 Views
Post# 16283599

RE: RE: Improving numbers

RE: RE: Improving numbersI would hope they expand their geographic territory before selling out.  They are currently a regional player, serving the Eastern Canadian market and specifically Ontario.  This is obviously a big mining district but don't know of other public competitors that might be interested in buying into this one market.  The new emulsion product is a big plus but it does present challenges to expansion.  The emulsion is delivered by truck and therefore is most likely to be sold within easy trucking distance of the new plant.  The plant took several years to build so I doubt Nordex is planning to build another one so soon after opening this one.$0$0$0$0If the company is right and the emulsion is more effective for customers, they will likely get a bigger market share in the Ontario market.  I am hoping that their growth and profitability will attract new buyers to the stock and move it above C$2.  $0
Bullboard Posts