Nordex Explosives Ltd V.NXX

$750,000 initial order for Buttbuster. Nice order!

[Bean_and_Dunn]

Congratulations on finally getting this very important product line going. This is a nice sized initial order. With good gross margins Nordex might finally come into it's own. We truthfully need some one as CEO who understands explosives and busness. The present one is sadly lacking in both.

Why management and the board dragged their heels for so long on this is a real mystery. Even with this new order they should still be taken out behind the woodpile.

[loosegoose]

Reading through messages posted by suspected disgruntled former Directors and information issued publicly it looks like the current CEO started the project and was finally able to get it financed and get it completed with a new Board in place. Appears project was slowed down in 2010 and 2011. Excellent video. Job well done by everyone involved.    

[withoutabias]

I don't know about the disgruntled anybody but I know from personal good source in Australia (the late D. Johnson of Johnson Explosives fame) that it was not Jim Taylor who started ball rolling for Nordex on Johnex products.  If you want to give the credit to any CEO it was former CEO John Kozak that should be given credit for it. Taylor can say anything but he will not change the truth

[loosegoose]

Only going by the quote as provided by Johnex as to who they said was responsible. I assume they would know. Finally had time to look at some facts for myself. After 9 months 2011 revenues were $7,016,683 and in 2013 for 9 months revenues were $12,678,237 (80.7% increase) and gross profit was $1,703,914 in 2011 compared to $2,665,612 in 2013 (56.4% increase). In 2011

[withoutabias]

Yeah, you are going by the quote of the  guys who got involved later following process started by Richard Johnson (known by the short form of his first name that stockhouse does not allow that's why I put initial D.) and John Kozak. The name Johnex came from Johnson family. John was not a bad CEO, had initiative, bay street smarts, and got things done well. If there is any criticism of

[Bean_and_Dunn]

The story I heard was that Taylor was the one who got Johnex interested in having Nordex distribute product for them. It was Kozak though who chased down good sources of detonators. These kinda blew up in Nordex's face though. Miners said that the detonators caused cut offs and Nordex clients then did not want to have anything to do with them.   This lack of attention to detail cost

[loosegoose]

Disgruntled former Director? Facts speak for themselves and indicate the Company is far better off today than in 2011. Although still a concern the costs for legal fees and accounting for the first 9 months of 2013 or 2012 are actually considerably lower than the first nine months for 2011.              

[withoutabias]

By the way facts are also clear that no current board had anything to do with Johnex start up. Are the shareholders better of? I'll tell you I owned this stock in the 1980s, when the stock was trading above a dollar, and that's before inflation. Today we are floating at less than 50 cents! From investors point of view what matters is how the shareholders are doing. A huge dilution done by