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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

Comment by loosegooseon Apr 07, 2014 5:35pm
107 Views
Post# 22422150

RE:RE:RE:RE:RE:RE:Testing Patience

RE:RE:RE:RE:RE:RE:Testing Patience
Very good information about Johnex and much appreciated. However, the Balance Sheet was also a mess at the end of 2011 into 2012 and it appears a lot more than the All-Group funds were needed to rectify this situation. In addition, other major capital projects were announced including satellite sites and specialized equipment projects. The revenue growth would also need to be funded. Doubt they would have survived without the private placement but just my opinion.
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