Bullboard - Stock Discussion Forum Novadx Ventures Corp NDXFF

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"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."

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Novadx Ventures Corp > The 30-day Canaccord quiet period is.....

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Post by jimrockford on Mar 29, 2010 10:22am

The 30-day Canaccord quiet period is.....

........over and a memo went out Friday that it's a bought deal.

Jim

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Comment by Dareg on Mar 29, 2010 1:04pm

https://www.novadx.com/news-releases-2010/138-novadx-completes-interim-debenture-offering

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Comment by bluestar on Mar 29, 2010 1:09pm

how high is this going,short term? it is looking ready to break out into the 30's

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Comment by LaurinDE on Mar 29, 2010 3:42pm

conservative back on the envelope:monthly production: 12000tnet income per tonne: 65USDshares out, fully diluted: 60 millions12000t/month x 65USD x 12months / 60mill.shares = U.15 per yearfor simplicity: 1 CAD = 1 USD1x 0.15 = 0.15CAD2x 0.15 = 0.30CAD (roughly current share price)3x 0.15 = 0.45CAD5x 0.15 = 0.75CAD7x 0.15 = 1.05CAD10x 0.15 = 1.50CADat current share price:- increasing met coal ...more

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