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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 Jul 20, 2024 10:30pm
203 Views
Post# 36141532

RE:RE:RE:I see no progress

RE:RE:RE:I see no progresscalerxx, you said, "as they've said they already purchased and delivered the first orders to the plant."

IMO, this is exactly the problem.  When they were first getting this process going, almost a year ago now, they made it sound like they could easily get all the catalytic converters the needed through their partnership with Davis.  Why the HECK are they just getting sufficient feed stock now?  What happened to the easy supply from Davis?  With all the times they have promised full production, I simply cannot believe they never had the supply of feed stock to even make that possible.

One more point.  Even if they do produce some more platinum in a month or two, did they say it takes 3 months for the smelter to pay them for the platinum?  That would mean about 5 months before they start seeing some cash flow.  I really think they will be out of cash before that.

BTW, I am a disgruntled past investor.  I am mad at myself for trusting management before they actually delivered results.  I believed their story, and I paid the price.  Maybe they do finally have the magic formula to make this thing work.  I actually hope they do, but I doubt I would consider investing again.

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