Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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.


CSE:LUX - Post by User

Post by drunk@noonon Jan 13, 2021 12:00pm
302 Views
Post# 32285178

Unfortunatley they just issued 53 million shares and warran

Unfortunatley they just issued 53 million shares and warranmaking fully diluted go from 127 to 53. 
Given this and the jump up in shareprice, we are probalby in a consolidation phase.
On top of this, while they talk of rolling out a number of plants with fantastic finacial metrics, they have yet to have even one plant ramp up to full production. I think we are at a show me stage now. 
Don't get me wrtong, their is great promise here, put it is time for proof. And along those lines, their is no reason for futther dilution if they can produce as advertised, as they have the funds for two plants to be up and running, with claims of briniging enough money through the door to fund further production.
<< Previous
Bullboard Posts
Next >>