Lost Sales & sales opportunitiesNordex was delivering a truck of emulsion a day to the Matachewan pit. The pit finished, Nordex lost the sales and have trucks and equipment sitting idle. Taylor has done nothing obvious to replace this sales volume. On the other hand, when he refused to contine to support the Butt Buster sales to the diamond mine in NWT Nordex lost a net $1 million/yr plus an equivalent sale to the nearby mine. This raised a red flag to everyone else in the industry that this new product was not being supported by Nordex. The big mining cos in Ontario are rejecting the Butt Buster because of its initiation system and Taylor has done nothing to react to this but lay off his Business Development Mgr.
The ship is sinking and Taylor is happily awaiting his $250,000 severance pkg
I've sold my Nordex.