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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 > First quarter numbers are out. Net loss of $303,085
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Post by Bean_and_Dunn on May 29, 2015 2:35pm

First quarter numbers are out. Net loss of $303,085

There was no MD&A filed at this time. They released these results on Friday in the afternoon. Were they hoping no one would notice? 

When it comes to marking in your ballot for directors please, please vote to get rid of a at least a couple. I hear that there is a circus looking for personel. Personally I think it would be a better fit for everyone.

This year no on is bragging about the growth of market cap. Hah! Let see, at the bid the whole company is worth the smallest touch over $4 million. Isn't that the amount they got for the private placement in 2012? No I am wrong it was 10% higher than the present market cap.

B&D
Comment by goldpolka on May 30, 2015 8:20am
Wonder why they continue to spend CAPEX of more than $300k this quarter with no cash flow from operations...  should be reducing / freezing that until earnings improve, at the least. Seems like management lack urgency ?
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