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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 withoutabiason Apr 08, 2014 11:15am
97 Views
Post# 22424806

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

RE:RE:RE:RE:RE:RE:RE:Testing PatienceI  agree with you. The balance sheet was a little of a mess. But not as much of a mess  as it was, say, in 2001, and a few years after that.  A little equity injection was in order, and that's what they did. Why they did that with All Group is beyond me. At that time many of  the past sins of All Group, Financial Services, James Moon and Michael Comeau and their settlements with IIROC were in a public domain. Also, the Johnex deal has been announced, and Nordex became very attractive investment prospect. Almost anybody with   credible  integritycould do this. In fact the little amount of money they were looking for I could, happily, provide  all by myself. Just too bad, I was out of the country when they did it, and also they never asked me.

This board has cost the shareholders a lot of money by taking Nordex out of play when it was just getting into it. KGHM (multinational silver/copper giant) apparently was interested in it until the current board had a massive, self entrenching  dilution.
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