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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTD

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.


CSE:RGX - Post by User

Post by djstone56on Feb 03, 2021 2:37pm
227 Views
Post# 32460520

Question?

Question?If MWX has a 20% stake in ETI's BC plant, why is our s/p only 0.035-0.04, when ETI is now trading at 0.67, following this week's 50% price jump? I know the Rights Offering/consolidation doesn't sit well with a number of shareholders, but given the share price at the time, a regular pp to raise cash would have been too dilutive to the stock. ETI is basically a 3 trick pony, with their e-waste recycling plant, Group 11 partnership and in-situ mining potential, as demonstrated in their pilot project with Golden Predator. Of those 3, the e-waste plant is the only side of the business making money at this time...Group 11 and in-situ mining could still be a year or two down the road. Even if you only ascribe 50% of ETI's shareprice to their e-waste business, (ie 0.335), our 20% stake in that should have an implied value of 0.065-0.07 and yet we're struggling to maintain 0.04. That's not giving any value for the recycling of diesel catalytic converters/Davis Recycling affiliation or the Cehegin iron ore asset in Spain, (currently awaiting formal permit approval). That's not to say that either of these last two projects will ever come to fruition...but if MWX can finally execute, they both have the potential to be Company makers in their own right. It's far from a guarantee, but with up to $4.8 million in cash following the Rights Offering and no additional dilution with the 2:1 consolidation, they're at least financed and well positioned to execute their business strategy moving forward. Now it's up to Greg and the rest of his team to deliver. The clock's ticking...djstone
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