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COMMENT

Hadn’t worked out as he had hoped. The business has gotten better. Big increase in sales, and profitability is coming back. However, the stock just does nothing. $8 million market cap and $20 million in sales, so it doesn’t look expensive. Have an ambitious growth plan and they need to raise money. When you need to raise money, people don’t buy stock which is probably keeping a thumb on the stock price. Management has said they will not do a cheap financing, but sometimes they don’t have a choice.

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COMMENT

Manufactures dynamite, primarily for gold mining. Have a plant in Kirkland Lake with about 20% capacity utilization. Raised some money in 2012 for building warehouses because a truck can only go 3 hours in one direction away from their plant. The warehouses effectively extended their reach. Was a little disappointed by management’s execution. Also, profitability of their product wasn’t as high as expected. This is a micro cap so if you have to exit the position, it is very tricky.

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BUY

Play on resource space and utilization of a plant in Kirkland Lake. Likes it.

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BUY

Manufactures explosives. Based in Kirkland Lake Ont and caters primarily to gold mining operations. Because of restrictions on transporting dynamite, they were limited to servicing an area of 300 km radius. Raised some money in November to build some silos/warehouses, which has allowed them to dramatically expand the area they can sell to. Now able to cater to Toronto construction and aggregate markets. Opening another facility in Sudbury and will be building a 3rd one near Ottawa at the end of this summer.

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TOP PICK

Make explosives which they sell to gold mining companies. Have a very unique explosive called Bulk Emulsion, which is superior to stick. Doesn’t want to own the gold mines but he wants to own the people who supply them. Because grades are going down, they actually have to blast even more rock than ever. They are in the Kirkland Lake area and surrounded by gold mines and are gaining market share quickly. Has the opportunity to expand into different kinds of mining as they move west. Quarries for gravel, graphite, construction and pipelines.

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WEAK BUY
Have had very impressive earnings. In the mining sector and the construction industry. Have had great success. Not a well-known company. Have good fundamental value. Expecting record numbers in 2008
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Nordex Explosives(NXX-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Nordex Explosives is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nordex Explosives(NXX-X) Frequently Asked Questions

What is Nordex Explosives stock symbol?

Nordex Explosives is a OTC stock, trading under the symbol NXX-X on the (). It is usually referred to as or NXX-X

Is Nordex Explosives a buy or a sell?

In the last year, there was no coverage of Nordex Explosives published on Stockchase.

Is Nordex Explosives a good investment or a top pick?

Nordex Explosives was recommended as a Top Pick by on . Read the latest stock experts ratings for Nordex Explosives.

Why is Nordex Explosives stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nordex Explosives worth watching?

0 stock analysts on Stockchase covered Nordex Explosives In the last year. It is a trending stock that is worth watching.

What is Nordex Explosives stock price?

On , Nordex Explosives (NXX-X) stock closed at a price of $.