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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 staolinon May 17, 2012 11:24am
261 Views
Post# 19920647

RE: WHATS GOOD

RE: WHATS GOOD

I'm also confused about how a company can constantly put out such misleading news releases in the face of obviously different results at the mine.

Announce that they are now mining at 120,000 tons/yr? Why? They obviously were not.

They have been mining Rosa for almost 2 years. It's not a new thing to them. Only about 65% of the coal mined is recoverable for commercial sale without the fine upgrades to the washer. That means they needed to do 14,000 raw tons/month at Rosa to get their 120,000 t/yr.

They didn't do that much in 3 months, according to the msha link posted by Resource Miner (BIG THANKS TO YOU FOR THE HEADS UP).

Whatever. Thanks to Resource Miner's msha link it finaly tipped my opinion of the company to 'unbelievable' and I was able to sell out in the 20s. Also thanks to the IR lady who forwarded the questions to Neil that never got answered, increasing even more my incredulity.

It still baffles me that with that a company can get away with what amounts to outright lying in public announcements in this day and age.

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