GREY:BIXZF - Post by User
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smlmedlgeon Mar 28, 2012 12:37am
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GEA must be wrong..Mike..pump, dump, ask forgivene
GEA must be wrong..Mike..pump, dump, ask forgivene We will soon know....as Mike has so often stated......what a disappointment.
The only evidence I see which might be sound is the GEA study, and Chriss Scharr has been reliable so far?
If you believe and trust in the BioExx vision then go for it hold the shares and if you do not then sell.
After all the ins and outs of buying and selling and flipping an flopping and wrangling over the various scenarios both good and bad it come down to the wire now.
Since June 2009 to now there has been hope and hype, trial and error and now 1.5 tons of Isolexx/Vitalexx produced in a 32 run that GEA third party says can be scaled up to commercial “handsome profit and return on turn key operation” with a further 65 million with a JV.
I believe there will a proper sign off on the financials with a contemporaneous pending deal announcement or interest expressed by third party to BXI to demonstrate a going concern with a final deal by summer.
It will get done and Bioexx will be saved (maybe by the Chinese). I like the Ivanhoe comparison for trials and tribulations and also look our director Richard Rumble’s company 5 yr charts for a turnaround with a 3M JV a t TSO3
https://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=T.TOS
What was previously spent (or squandered) by BXI to get to this point does not mean that the previous construction ( repeated and expensive retrofit) and process inefficiency would necessarily have to continue now that they have the process perfected.
The new engineering fresh start design should be much more economical and I am sure that is what GEA consultation was all about. This month we should know much more facts.
Mike
TORONTO, ONTARIO--(Marketwire - Feb. 29, 2012) - BioExx Specialty Proteins Ltd. ("BioExx" or the "Company")(TSX:BXI.TO- News), the first company to commercialize a new and complete food-grade protein from a major global crop in 50 years, today announced that it has received preliminary third party confirmation of the scalability of its unique canola protein production methods from GEA Process Engineering Inc. This confirmation, together with success in achieving the major milestone of 90% protein purity, strongly supports the Company's strategy to pursue qualified strategic partners.
The preliminary GEA report confirms the feasibility for plant sizes of 40,000 Mt and 80,000 Mt per year and also details the associated equipment and capital investment requirements.
" I think we can now safely say that the technology is strong, it is feasible, it is scalable, and it can drive compelling economic returns." C. Scharr......
smlmedlge