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Novadx Ventures Corp NDXFF

"NovaDx Ventures Corp is a mining company engaged in the exploration, development and recovery of coal. The company's operations are principally directed towards the Rex No."


GREY:NDXFF - Post by User

Comment by scott1tayloron May 20, 2010 7:23pm
389 Views
Post# 17119997

RE: For The Record

RE: For The Record
I would just like to say that this is an amazing opportunity. I think that there is a lot of room to improve the corporate processes to ensure that shareholders interests are represented in a more transparent and equitable manner.

The management team, Neil McDonald and the operators down in Alabama have done an amazing job. And they should be working with a team which can compliment their skills, and free up their time to do what they truly enjoy - being in the mine and building up site operations to enhance production.

Let's not forget that the BOD is an inheriteance from a previous iteration of NDX - back when they were building around a Pinetree Capital model. Obviously that didn't work out and many shareholders jumped off the train. The BOD remained.

For everything we complain here, there is a counterweight of opportunity. The key is to see the second bounce of the ball and capitalize on the uncertainty the market sees. The current market valuation is a direct reflection of uncertainty - I would postulate that this uncertainty can be resolved through a fairly pragmatic process I am familiar with from investment banking type models.

One has two options in life - sit and watch, or do. I indend to do something worthwhile, because I believe in this business model and I believe in the management.

I think this BOD has skill sets which lie outside this business; therefore, some refreshment in terms its membership and size need revisiting.

Please stay tuned.
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