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Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s):  NWLXF

Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.


CSE:LUX - Post by User

Post by nedstar71on Nov 30, 2024 7:39am
128 Views
Post# 36338752

A couple more observations.....

A couple more observations.....Just mind boggling how they fail to give any details whatsoever about what is actually going on.  Wouldn't even bad management make an 'attempt' to explain why production is down so much in the news release?  Or MD&A? The 'keep shareholders in the dark' approach is really disgusting imo. I'd be really surprised if this thing holds 3 cents once trading resumes.  In my honest opinion it's worth less than zero.  But never underestimate the power of shareholder 'put good money after bad' denial I suppose.

Then, after scanning the MD&A there's the $68,651 question.  Not only the as at Sep 30th that's all they had left so to say they're in a cash crunch now may be an understatement.
But then there's this cut and paste directly from the MD&A:

 "As at September 30, 2024, the Company had cash of $68,651 representing a decreased of $68,651 compared with cash of $108,154 at September 30, 2023. "

I won't get into the grammar of "a decreased of", but look at the numbers.  Anyone reading that over just once would see the numbers don't jive.  Sure, we'll go with just a typo.  But nobody bothered to read it over just once before submitting it?  Or the other option, did read over it but are too incomletent to notice when they did?  Talk about amateur hour.
Yeah, this one deserves to be at zero.  Again, all the above is just my opinion but WOW.


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