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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

Novadx Ventures Corp > cash paid to SND!!!!
View:
Post by errussell on Mar 15, 2012 9:28pm

cash paid to SND!!!!

SND stated they have received a cash payment from NDX in line with the 2011 requirements....thats a good sign....means cash is finally flowing here!

 

The loss was partially offset by $2.7 million of income, representing the amount owing on the 2011 Novadx Ventures Corp. ("Novadx") commodity stream cash flow guarantee.

Comment by _Highlander_ on Mar 15, 2012 10:02pm
SandStorm all High lights the positives Producing Assets Novadx's Rosa Mine is an auger and strip coal mining operation located in Alabama, USA. Novadx has reached commercial production at Rosa and is shipping cleaned coal to customers in the coking coal and activated carbon markets. It unfortunate what has happened with Royal Coal.