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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 AlfTanneron Nov 12, 2023 12:40pm
162 Views
Post# 35730898

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Company is failing. Who cares about iron ore?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Company is failing. Who cares about iron ore?
Ballsofire, I guess they had to promise 10 tonnes per day so that they could justify promising $15M per year profit.  I would really like to see all the inputs in that spreadsheet.  Some people on this board think that even 2.5 tonns per day for module 1 is conservative.  
 
It is hard to say if the 2.5 tonns per day is a reasonable expectation because they have not achieved any production yet.  At this point, I wish they had been more realistic about the timeline.  Promising full production in July was obviously a pipe dream.  It also shows a certain level of incompetence.
 
You are right that we should not have to speculate on any of this.  The company should have given accurate guidance in the first place.  The endless delays and excuses have made investors lose confidence.
 
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