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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

Comment by djstone56on Jun 22, 2022 6:50pm
278 Views
Post# 34775546

RE:Valuation

RE:ValuationYou're being a little generous with the valuation Bailey. At 0.05/share, our market cap is now roughly $16.5 million, or $3.5 million less than the $20 million deemed value of the Iron Bull purchase of Cehegin. Who would have ever thought that the diesel Catalytic Converter operation would be worth negative $3.5 million? It's worth a lot more than that...we all know/believe it, but something is wrong here. Whatever value we ascribe to the deemed $1.00 Iron Bull shares, the truth is that we were never given any value/credit for the Cehegin property before. At least with the sale to Iron Bull, there's a chance to make some money with the property. If you believe the deal will eventually go through and Iron Bull can get listed on the CSE, then there's at least some value there. If you believe that the technology and chemistry works as stated, for the recovery of pgm's from diesel catalytic converters, (and I do, as does Davis Recycling), then that should derisk the Business. The only unknown or risk in my mind, is the company's ability to execute. I think there's a lot more the Company could have done to mitigate the drop in share price, like providing regular updates to the market in terms of the pilot plant...throughput levels, extraction rates, dollar value of pgm's extracted, etc. That would have at least validated the process and given the market an opportunity to extrapolate actual revenue figures once we get to commercial production, but for whatever reason, that wasn't deemed necessary. Clearly, the delay in Iron Bull getting their listing has put the Cehegin deal at a standstill which in turn, has stopped Mineworx from rebranding as Regenx. That hasn't helped, but the drop in s/p this close to the start of the commercial plant is worrisome...almost like it's being orchestrated or allowed to happen to set up the next financing at the lowest price possible. Greg said that financing for the commercial plant wouldn't be an issue. I took that to mean that it would be debt, (a loan) versus equity, (dillution), but we'll see. Whatever happens next, it's all on Greg...
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