Novadx Ventures Corp NDXFF

Nova's Holdings

[husk16]

I was doing more research into Nova's holdings. The company got my attention because of the coal play. But I noticed in their December financial statement that they also have holdings in other companies. Could someone shed some light on these holdings. Are they still current? Are they valued into our Market Cap?

https://www.novadx.com/images/stories/pdf/Novadx_3_6_monthsEndedDec31_2009_2008.pdf

3) INVESTMENTS
Investments consist of the following as at December 31, 2009:
Issuer
Notes
# of Common Shares
# of Warrants (4)
Expiry Date of Warrants
Average Cost $
Fair Value $
% of Portfolio
Bitterroot Resources Ltd.
-
60,000
16-Dec-10
-
-
0.00%
Casa Mineral
(2,3)
1,000,000
5,000
5,000
2.02%
Copper Canyon Resources Ltd.
9,500
-
6,635
1,568
0.63%
Doubleview Capital Corp.
(2,3)
1,000,000
-
50,000
50,000
20.16%
Emgold Mining Corp.
(2)
20,200
-
21,121
7,070
2.85%
Encore Renaissance Resources
-
500,000
11-Jul-10
-
-
0.00%
Fjordland Expl Inc.
60,840
-
9,115
4,259
1.94%
Fjordland Expl Inc.
-
460,000
09-Jun-11
-
-
0.00%
Flying A Petroleum Ltd.
(1)
700,000
-
108,784
700
0.32%
Formation Metal Inc.
14,286
-
12,000
26,000
10.48%
Garson Gold Corp.
-
240,000
18-Nov-10
-
-
0.00%
GoldQuest Mining Corp.
(2)
36,000
-
10,800
4,680
1.89%
GoldQuest Mining Corp.
(2)
771,000
-
341,867
100,230
40.41%
Hastings Resources Corp.
50,000
-
12,300
2,750
1.11%
Hinterland Metals Inc.
27,000
-
5,400
2,025
0.82%
Hinterland Metals Inc.
-
750,000
19-Apr-12
-
-
0.00%
HMZ Metals Inc.
(2)(1)
1,333,400
-
100,005
1,333
0.54%
Houston Lake Mining Inc.
-
33,360
30-Dec-10
-
-
0.00%
Laurion Mineral Exploration Inc.
-
228,350
16-Nov-09
-
-
0.00%
Ligfuel Development Corp.
(2)(3)(5)
1,333,333
-
66,667
1
0.00%
Northern Spirit Resources
-
10,000
22_Dec-12
-
-
0.00%
Orestone Mining Corp.
-
83,500
16-Jul-10
-
-
0.00%
Reliable Energy
-
52,500
11-Jun-10
-
-
0.00%
Rio Alto Mining Ltd.
-
75,000
30-May-10
-
-
0.00%
Sunorca Development Corp.
834,000
-
124,900
29,190
11.77%
Sunorca Development Corp.
-
834,000
07-Apr-10
-
-
0.00%
Superior Canadian Resources Inc.
(1)
224,000
-
10,800
224
0.09%
Tajzha Ventures Ltd
239,200
-
81,120
239
0.10%
Tajzha Ventures Ltd
-
40,040
31-Dec-10
-
-
0.00%
Tajzha Ventures Ltd
-
28,600
3-Dec-10
-
-
0.00%
Thorne Exploration Inc.
(2,3)
800,000
-
4,000
4,000
1.61%
Valgold Resources Ltd
(2)
169,000
-
57,150
6,760
2.73%
XO Gold Resources Inc.
(2,3)
2,000,000
-
2,000
2,000
0.81%
10,621,759
3,395,350
$ 1,029,664
$ 248,029
100.0

[SimplyTheFacts]

Hi husk: You guys should really read all the available information on a stock before jumping in... Page 10 of their most recent financial report says they bought stocks in other companies as investments costing $1,029,664 and now they are worth $ 248,029 They invested 40% of their money $341,867 in a company called GoldQuest Mining, it is now worth $100,230. Please read the full report for all

[husk16]

I don't necessarily view this as a bad thing.  Although most of the stocks are down in value, members of Nova are part of those companies in most of the cases.  Goldquest Mining is the biggest holding and they are going to start drilling now.  So if they do well, it will add to Nova's balance sheet.

[jimrockford]

I don't see NDX making any more investments where they aren't the majority shareholder. And I expect they will sell their minority holdings when the timing is most adventageous.Jim