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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."

TSXV:NXX - Post Discussion

Nordex Explosives Ltd > #@%^*&! Ouch! It hurts so much!
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Post by withoutabias on Apr 30, 2015 12:04pm

#@%^*&! Ouch! It hurts so much!

Another quarter like this and we are going to be trading at 1-5 cents range. I don't think I can't take it anymore. Dumped some today. Fortunately had some gains elsewhere to balance losses here. It looks that this year is going to be a wah out on balance.

Too bad I did not fully follow my instincts in 2012. When the All Group Financial services clwns took over in 2012 I promptly sold my shares, with a little profit.  Then my judgement failed me. I bought back a good chunk around 40. Don't see any movement to dump current board (unlike 2010 when Concerned Shareholders, under leadership of Levesque, acted decisevely, and we ended up with couple of years of  good management at the top (the only mistake was making james taylor a CEO).

You will probably not hear much from old Fernando on this thread. Withing the next couple of weeks I will probably fully check out of Nordex. Hopefully I will catch the dead cat bounce to minimize my losses.

Adios amigos! And good luck to you.
Comment by AbNormAl on May 01, 2015 1:56pm
Like withoutbias, I puked up some shares too. They outlasted us with negative upon disappointing news. I will leave some shares for the ride in case someone comes in and takes these guys out which can't happen fast enough. I put in a call to Taylor yesterday; the message on  his extension does not even identify him and simply states that no one is available to take the call. Cowardly ...more  
Comment by withoutabias on May 01, 2015 2:48pm
You are not the first one. After the 2012 putch (before I dumped my shares at that time) I tried to contact  Taylor as well. That was when things seemed to be going well. The reason I called was actually to help. At that time I did have reasonable  connections in the canadian mining industry, and probably could get some new sales for them. When my attempts to hook up with taylor I ...more  
Comment by AbNormAl on May 01, 2015 3:05pm
My  thoughts exactly on taking a certain loss now. A coin flip on whether it was a good or bad move. My fault; I should have read the signs i.e. no news releases on BB etc., but elected to ignore the signs stupidly thinking that this was just management incompetance - did not realize that there was management's incompetance across the board. Still have enough skin in if a bounce comes ...more  
Comment by valuedude1 on May 01, 2015 3:20pm
why did mgmt leverage up so much? How come their is no press release? This is very weird.
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