RE:RE:RE:RE:RE:MY RATING ON NORDEX: AVOIDTo address the area that I apparently "run" from, I do not know why a rights issue was not implemented. Never asked to be frank. I acted on the basis of an investment letter that I subscibe to - simple as that. One of the reasons the depth of dilution occured was that the equity offering was considerably oversubscribed by the newsletter's recipients prompting the issue to be expanded. If I recollect, share performance/volatility at the time made an immediate lift or "flip" far from certain. I know that I looked at the growth aspects and not for a small lift. Given the number of at-the-time potential initiatives on their menu, I can reasonably see why the Board elected to take in the "excess" capital.
All Group is an unknown to me and from what has been stated, hope they remain so.
Jim Taylor, if memory serves, had employment history at Orica so has some pedigree. Whether he had sufficient background at the time of becoming CEO could be subject to debate, but it seems to me that he has worked himself into the "experienced" category. Now, with the building blocks in place, it is his time to deliver... or not.
You made mention of a consideration to investing in one of the "major" international players... well, who do think they will look to gobble up should the NXX initiatives pan out? If Buttbuster alone proves merit, the North American rights alone should look like a bit carrot on a stick. Frankly, I would be mildly surprised if outside eyes are not focused on NXX at this time as they appear to be breaking ground in increasing market presence in the backyard of others - should the MD&A be factual.
Anyway, good luck to you and your group.
BTW - we disagree on loosegoose too.