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Bullboard - Stock Discussion Forum
Newlox Gold Ventures Corp
NWLXF
Primary Symbol:
C.LUX
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.
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Bullboard (CSE:LUX)
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(2104)
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lscfa
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Comment by
lscfa
on Mar 04, 2024 11:25am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials??
My table is assuming $1M cdn /qtr revenue which is the rate before the last 2 qtr where downtime for electrical caused a decline in revenues. They appear to be running at about 20% of capacity
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(150)
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JayBanks
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Comment by
JayBanks
on Mar 04, 2024 11:18am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials??
If your referring to the latest financials and why the production/revenue was down, I believe it's is because less days running. Plant 1 was down during the electrical work for a while while they
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(2104)
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lscfa
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Comment by
lscfa
on Mar 04, 2024 10:55am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials??
Corrected table: Reduced tpd Reduced grade Reduced tpd & grade
...more
(2104)
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lscfa
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Comment by
lscfa
on Mar 04, 2024 10:49am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials??
Co. needs to be more transparent. Either plant is operating at less than capacity or ore grade is less than forecast, or a combo of both.
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PressRelease
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PressRelease
on Mar 01, 2024 11:55pm
New Press Release - Newlox Gold Closes Forth Tranche of a Convertible Debenture Financing for Total Gross Proceeds of $2.1 Million
(TheNewswire)Vancouver, BC – TheNewswire - 1 March 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX) | (Frankfurt/Stuttgart:NGO) | (OTC:NWLXF)announces that it has closed a fourth tranche of the previously announced unsecured non-brokered Convertible Debenture Financing (The...
read article.
(150)
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JayBanks
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Comment by
JayBanks
on Mar 01, 2024 9:00am
RE:RE:RE:RE:RE:RE:RE:RE:RE:Financials??
I'm sure there are other issues that can be had, no one foreseen the electrical issue that has put us anouther year behind, so I wouldn't say that, it's just a more standard
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(537)
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nedstar71
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Comment by
nedstar71
on Mar 01, 2024 8:41am
RE:RE:RE:RE:RE:RE:RE:RE:Financials??
Gold Rush sounds about right. Todd Hoffman without the charisma ;-) Even dad is on the payroll. "No guts no glory!!" So barring the usual LUX hiccups, the only thing that should
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(150)
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JayBanks
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Comment by
JayBanks
on Mar 01, 2024 2:10am
RE:RE:RE:RE:RE:RE:RE:Financials??
I believe his dad is a professional in some sort (lawyer or something legit), I'm pretty sure I've heard it mentioned in an interview or article before from early on. I believe that thier
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(537)
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nedstar71
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Comment by
nedstar71
on Mar 01, 2024 1:06am
RE:RE:RE:RE:RE:RE:Financials??
Ah ok thanks. I think you may be correct on the science experiment part. The question is how much of a science experiment will plant 2 end up being? Regardless of excuses everyone
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JayBanks
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Comment by
JayBanks
on Mar 01, 2024 12:45am
RE:RE:RE:RE:RE:Financials??
David Jackson is Ryan's father... Plant 1 was just moved on the property, likely to make space for Plant 2 which is on the same property. Plant 1 is now on the North-East Corner, with a larger
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(537)
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nedstar71
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Comment by
nedstar71
on Mar 01, 2024 12:44am
RE:RE:RE:RE:RE:Financials??
Again, the winter of 2020 was over 3 years ago. No need to look for or reasons the plant isn't producing at full capacity today based on what happened many years ago, as it hasn't
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(2104)
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lscfa
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Comment by
lscfa
on Mar 01, 2024 12:27am
RE:RE:RE:RE:Financials??
They also relocated plant 1.... Newlox Gold was adaptable and decisive allowing the Company to continue to make progress, despite the pandemic related interruption. Working closely with local
...more
(537)
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nedstar71
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Comment by
nedstar71
on Mar 01, 2024 12:17am
RE:RE:RE:RE:Financials??
Covid basically ended two years ago now so that's really no excuse at this point. It's 2024. These aren't big operations. If the feed stock was there and the process
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(2104)
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lscfa
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Comment by
lscfa
on Feb 29, 2024 11:54pm
RE:RE:RE:Financials??
"Ramping up should be weeks or months, not half a decade and counting." Part of the reason is COVID which shut down operations for a while.
(537)
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nedstar71
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Comment by
nedstar71
on Feb 29, 2024 11:42pm
RE:RE:Financials??
For plant one they say it's still in the process of ramping up operations, after starting commercial operations almost 5 years ago...lol. Um, what exactly is the problem? Is there not enough
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