Regenx Tech Corp. RGXTD

Primary Symbol: C.RGX

Metals & Mining Industrial Metals & Minerals

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.

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Comment by lscfaon May 22, 2024 7:43pm

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Post# 36053085

RE:RE:RE:PLEASE PLEASE COMMENT

What you assume is Corp overhead includes some employees hired to run plant. These salaries will be in costs of revenue eventually. It's typical for revenues to lag costs when starting up.

Qtr ending	Mgmt/employee costs
Sep 23	497,232
Jun 23	404,160
Mar 23	370,935
Dec 22	402,627
Sep 22	312,787
Jun 22	246,875
Mar 22	264,919
Dec 21	295,314
Sep 21	286,505
Jun 21	246,875
Mar 21	249,785
Dec 20	280,232
Sep 20	197,068
Jun 20	274,647
Mar 20	305,519

AlfTanner wrote:
lscfa, unfortunately, there is no evidence that they can run just one module continuously. My guess is that the vats and pipes get clogged with sediment, and the spend just as much time cleaning things out as they spend running the process.

Even if they ever do get to 4 modules with continuous production, my numbers only show production of about 5500 ounces of platinum per module per year based on the realistic grades they will likely be processing. That would be revenue of $5.5M per module or $22M for the factory. I am thinking operating profit of 30% or $6.6M per year. Unfortunately, the company's fixed overhead cost is running around $2M per quarter or $8M per year. Even with 4 modules producing continuously, they would be losing $1.4M per year.

IMHO, Pendura's "forward looking statements" about expected production and profits were a complete load of BS. Investors were misled, the money was all squandered on a bloated staff, and the process is a failure. This thing is a boondoggle.