Geomega Resources Inc GOMRF

Taking Profits Today

[BigRed26]

I'll take my profits now. Lots of competition that is just as far if not further along and a lot of better opportunities for less risky higher profits on sale this week. Good Luck

[outonthetiles]

See ya.

[Cross19]

Bull sh*t. Instead of spreading non sense, I'd like you to name one competitor to GMA as far advanced in recycling REE outside of China. Just one. The only one that could be close is Urban Mining but the truth is that it is a private company and we know nothing about the profitability and efficiency of their process (if it works at scale).

[Moulouk]

  Well said Cross! I am sure that many companies will agree that recycling REE waste is a good idea. Probably that many of them would like to do it also. Thinking that the idea is great or hoping to enter the market in the next 5 to 10 years does not make It a competitor to GMA. Claiming that there are many competitors in GMA's playing field without naming any or giving any details

[BigRed26]

Sorry,   Haven't had a chance to respond. Been busy. Anyways not just one company, but two.. Ucore with there rapid X system looks way more promising in my opinion. Amy (American Magnesium) will also give GMA a run for there money on battery recycling.   I do like GMAs system, I've been holding for over a year now. Just to risky when other companies are pulling out

[Moulouk]

Thanks BigRed26. I am sure Cross has some comments on RapidSx as he did it recently on CEO.ca. I will just copy/paste a message from My69z, one of the strongest supporter of UCU (for a time) and the most prolific poster I have seen in years. He left UCU Board and was not happy for various reasons. Suffice to post part of his post of June 30th, 2020 concerning RapidSx and issues/concerns about

[Moulouk]

BigRed26: I will have a closer look at AMY, as I did not read that AMY was considered a competitor of GMA in the past for recycling REE or strategic metals. I will have a closer look at it in the next few days. Moulouk

[BigRed26]

Thank you for the information moulouk,  I will have to dig deeper into Ucore and RapidX. Amy's battery recycling is focused mainly on lithium and not REEs. There is room for all of these companies in such a massive growing EV and renewable sector.   If things workout right, I may even buy back into GMA. (Looking for the pullback) Although at this time I do like the

[Moulouk]

Bigred26: Please read what is going on on UCU Bullboard today from the long. You may conclude by yourself as to whether or not UCU could be considered as competition to GMA. As for AMY, very interesting business plan, which looks like GMA, but for EV batteries (most importantly lithium). I watched interviews and there were no reference to REE, which is the key for GMA, as GMA's business

[outonthetiles]

Great article below. Makes your realize how valuable GMA will be once the market gets a real sniff at what's going on here. Only permanent magnets recycler in North America. Just think about that? A handful of us have been holding Geomega for year.....we all understand the future value here.  Communicated with Kiril this week. Not much to share...he's tight lipped....."update

[outonthetiles]

"America lacks capacity to produce enough permanent magnets, needed to run the engines of everything from missile guidance systems to the wind turbines and electric cars at the center of the clean energy transition. Miners say it takes so long to get federal and state environmental permits, and that the process is so unpredictable and open-ended, that they struggle to plan new mines."

[BigRed26]

Thanks Moulok,  I am glad you put the doubt in my mind for Ucore. I was waiting to see what happened with the lawsuit over the MRT technology. Glad I did not invest into them at this point. I ended up getting back into GMA 10k shares around .49 I'll be happy to hold this position for the long term with the potential in magnet recycling.