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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a cleantech company. The Company is engaged in the development and commercialization of its processing technologies for the recovery of precious metals. The Company’s initial focus is the extraction of platinum and palladium from diesel catalytic converters. Its technology produces a sustainable PGM concentrate without the need for smelting or mining. It provides an alternative from environmentally harsh smelters to modern technology to recover precious metals. Its products are used in various industries, including electronics, medical, transportation, emissions, jewelry, and pharmaceuticals. The Company’s subsidiaries include Mineworx Technologies Inc., Regenx USA Inc., MWX Espana, S.A.U., and Iron Bull Mining Inc.


CSE:RGX - Post by User

Post by djstone56on Feb 03, 2021 2:37pm
235 Views
Post# 32460520

Question?

Question?If MWX has a 20% stake in ETI's BC plant, why is our s/p only 0.035-0.04, when ETI is now trading at 0.67, following this week's 50% price jump? I know the Rights Offering/consolidation doesn't sit well with a number of shareholders, but given the share price at the time, a regular pp to raise cash would have been too dilutive to the stock. ETI is basically a 3 trick pony, with their e-waste recycling plant, Group 11 partnership and in-situ mining potential, as demonstrated in their pilot project with Golden Predator. Of those 3, the e-waste plant is the only side of the business making money at this time...Group 11 and in-situ mining could still be a year or two down the road. Even if you only ascribe 50% of ETI's shareprice to their e-waste business, (ie 0.335), our 20% stake in that should have an implied value of 0.065-0.07 and yet we're struggling to maintain 0.04. That's not giving any value for the recycling of diesel catalytic converters/Davis Recycling affiliation or the Cehegin iron ore asset in Spain, (currently awaiting formal permit approval). That's not to say that either of these last two projects will ever come to fruition...but if MWX can finally execute, they both have the potential to be Company makers in their own right. It's far from a guarantee, but with up to $4.8 million in cash following the Rights Offering and no additional dilution with the 2:1 consolidation, they're at least financed and well positioned to execute their business strategy moving forward. Now it's up to Greg and the rest of his team to deliver. The clock's ticking...djstone
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