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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

Comment by djstone56on Mar 29, 2023 2:50pm
123 Views
Post# 35367513

RE:RE:RE:RE:RE:On target?

RE:RE:RE:RE:RE:On target?Capricorne28, that's not exactly what I said.  The original  deal was for 20 million shares with a nominal value of $1/sh, as assigned by Iron Bull.  That's the way it was explained to shareholders.  Shortly thereafter, Iron Bull tried to close a private placement to raise funds.  The pp was offered at 0.40/sh, although RGX shareholders weren't told of that by either Company at the time.  In short, until Iron Bull/Bull Metals gets listed and the shares start trading, we won't know what we're worth.  The price of copper is strong...the Okohongo copper property in Namibia could be huge...and Craig Hutton, who runs the the mining program, has world class credentials.  All of those factors could lead to a strong shareprice once the project moves forward.  The flip side is that I suspect a lot of RGX shareholders have grown impatient with the delays  and may take the opportunity to sell their IB shares quickly, to recoup some of their costs from participating in the latest Rights Offering.  That could significantly drop the IB shareprice in the short term.  Welcome to the Venture Exchange...
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