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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

Post by Bean_and_Dunnon Nov 25, 2013 1:00am
189 Views
Post# 21936956

The main conductor on the Melba was never drilled!

The main conductor on the Melba was never drilled! I agree with the previous 2 commentors about the need for changes on the board and with management.

Just for instance:

2,000 tons of good grade lies on the surface next to the mine shaft and management has been too "occupied" to take it out to be processed, even when the price of gold was $1,600 $1,700 or $1,800 per ounce.

The options that Nordex holds on the Melba property will expire in the spring of 2015 unless they do some work on those claims. Time moves fast, that property is accessible during the winter months. It is too sloppy at other times. That means they have this winter and next to get moving.

Instead of working these claims and actually getting money into the company they have wasted their time and shareholder's money on useless activities like getting listed under the CBCA and a whole whack of undeserved options.  They have diluted the shares to a ridiculous level. They turned around and spent money on very low margin products when they should have concentrated their efforts on getting the Johnex products up and running. Those products ARE very profitable, and built Johnex to where it is today. Of course the Johnex crew were explosives experts. They actually did know what they were doing.


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