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Bullboard - Stock Discussion Forum Novadx Ventures Corp NDXFF

"NovaDx Ventures Corp is a mining company engaged in the exploration, development and recovery of coal. The company's operations are principally directed towards the Rex No."

GREY:NDXFF - Post Discussion

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Comment by jimrockford on Mar 04, 2010 4:30pm

RE: Sinking Coalship

I'll address the first part of your post. The second half speaks for itself. Firstly, a lot of stocks have ANONYMOUS sell orders. If you haven't seen it then you are greener than green or else full of sh-t. In the case of NDX, the sellers were guys who were in the original deal (yep, there are a number of Kerrisdale wank-rs who don't want to be seen selling), that wanted the company to be something else - namely a junior Pinetree Capital. If you want to know what insiders think of the stock, do proper DD (and posting) and take a look at the many millions company President, Neil MacDonald has added to  his position.

As for pulling coal out the day the mining permit was issued, does that mean they should have started with shovels and wheelbarrows? I'd prefer they get the needed equipment on site first.


Jim
Comment by JimmyShaker on Mar 05, 2010 2:40pm
 Three months to get equipment to the site ?   This isn't Ecuador . It's America and the middle of coal country.  If Neil is such a keener why didn't he buy out the insiders himself rather than diluting the stock and holding the price down?Rockford files ?, now ur dating yourself .  
Comment by jimrockford on Mar 05, 2010 11:18pm
Hmmm..... Sounds like you're unhappy with Neil. A few points, sir:- It takes time to get an operation together. Three months to production ain't too shabby. It takes some mines literally forever.- Yep, the mine is in coal country and a place to sell the product is close by. As a shareholder, that makes me happy.- Neil has bought many millions of shares - enough to shut up any naysayers ...more  
Comment by LaurinDE on Mar 06, 2010 4:10am
jimrockford...: don't disagree with you, but one should acknowledge that there are 52 million shares out fully diluted...Laurin
Comment by rborhi on Mar 07, 2010 3:47pm
52 million isn't low for a junior, but it isn't high either.  Can't complain whether it's 39 or 52 in this company.they said production start in 1st quarter, there are still a few weeks left and coal is still looking strong.