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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 > Whats the next move
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Post by rjy on Mar 28, 2013 8:00pm

Whats the next move

so what will happen next. If sandstorm is selling off their stream, does that mean its game over and we will end up with zero?
Comment by ResourceMiner on Apr 01, 2013 8:46am
Yes, NDX holders will end with nothing. SND will try to sell the properties to someone else and restructure the  streams in hopes of recouping their capital. In reality, SND is screwed as the assets are not worth what is owed. Never mind the NPV valuations, those are based on high coal prices, which probably will never be seen again.  While Rosa could be marginally profitable, the market ...more  
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