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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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Post by cleverrox on Apr 23, 2012 12:52pm

Rosa

I asked IR for an update on Rosa.  I was told they are still averaging 10,000 tons per month.  FWIW anyway.  I have found IR teams to be unreliable on information at times.  However KIN seems to be pretty professional so hopefully they aren't just spouting info from old PR's.
Comment by _Highlander_ on Apr 23, 2012 1:02pm
the issue i have with Kin is they havnet brought any signifigant new paper through, average volume last year was about a 200 to 220 k in shares a day, now its about 50k, there has been a mountain of positive developments and they are producing at 2 mines, no IR team worth there salt should have let this drop
Comment by slowwhizz on Apr 23, 2012 4:48pm
Is Kin a stock holder?  Or is it options?  Is there any possible financial benefit for them to hold back promoting NovaDX?
Comment by _Highlander_ on Apr 23, 2012 5:02pm
i belive they are options, not sure the amount but they were paid 10k a month plus options, and havent even come close to delivering.
Comment by cleverrox on Apr 23, 2012 9:26pm
While $10k a month plus options seems high - I would surely work for that - they do know a lot about the company if you call investor relations.  Investor relations for many companies is just an answering service where they relay the questions to the CEO and get back with you a week later. For $10k a month KIN should help put together a powerpoint or pdf presentation to promote the company ...more  
Comment by _Highlander_ on Apr 23, 2012 11:02pm
excellent DD cleverrox, i agree. But i do expect an IR team to bring new parties to the table, Gale was excellent for spreading the word, they brough alot more paper through with a lot less, i just havent seen Kin do the same with a lot more positives.
Comment by slowwhizz on Apr 24, 2012 9:18am
My recall is 500,000 options but do not remember the exercise price or any time limits.