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Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s):  NWLXF

Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. It produces gold through environmental remediation by recovering residual precious metals and contaminants from tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.


CSE:LUX - Post by User

Comment by JayBankson Jan 14, 2023 4:52pm
136 Views
Post# 35223511

RE:RE:RE:Better times in 2023?

RE:RE:RE:Better times in 2023?

nedstar71 wrote: I'm having a diifficult time getting past all the vagueness in everything they report.  Their MD&A atrocious.  The lack of details is astounding, appearing almost as if it's on purpose so as to avoid potential scrutiny.  Those high consulting fees, also very vaguely disclosed. Constuction of facilities that look like they'd take a month or two at most to set up somehow take almost two years.  Then these unbelievably long ramp periods.  Plant one has been in ramp up mode for what, 4 years? If I didn't know any better I'd think something funny is going on.  I'm not suggesting there is, but I can't help but see red flags.

 

The company and the technology is much better than the people managing it that's for sure.

Your right about the red flags but I think those invested are looking past them expecting the running of the company to get better. (Or atleast I am)

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