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Bullboard - Stock Discussion Forum Geomega Resources Inc GOMRF


Primary Symbol: V.GMA

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative... see more

TSXV:GMA - Post Discussion

Geomega Resources Inc > Not Enough News to Sustain the Rise of GMA
View:
Post by goldman888 on May 26, 2021 11:11am

Not Enough News to Sustain the Rise of GMA

While I love this stock, the news was great, but not enough meat on the bones. As ususal Kiril and friends do not know how to write news releases.

The headline should have read:

Geomega signs Agreement for Resarch and Pilot Project Development for REE Recovery from Bauxite byproduct with Major international Aluminum Partner

not

Innord Develops Bauxite Residues Process Using Its Environmentally Friendly Technology

The message in the NR, as usual, lacks to project upside value for company and its shareholders..

So I do not see any further news for now, so this stock should slowly sink.

Key support levels for the stock appear to be at:

$0.44
$0.40
$0.37
$0.30

An informed investor in this space may consider buying out this company at a huge premium, but that is just sheer speculation.

I hope that they build their REE recovery plant this year and starts production. But I doubt it, because we have not heard any progress about this.(yet).
Comment by goldman888 on May 26, 2021 11:17am
https://stockcharts.com/freecharts/pnf.php?c=GMA.V,PGPBWAYRBO[PA!B5][D][F1!2!1.0!!2!20]
Comment by Mike66 on May 26, 2021 1:33pm
I have to agree with you. Some investors are desapointed and it's why the stock price is decreasing instead of increasing. Minus 0,04 cents now with a great news! 
Comment by SpecSit on May 26, 2021 1:53pm
Your criticism, although somewhat truthful on the surface, is really misplaced.  As the partner is likely a super-major like Rio Tinto/Alcoa, these companies do not allow their little partner companies (GMA) to say what they want in news releases related to joint agreements.  This is likely why it is not written in plainer language understandable to the average investor. If this ...more  
Comment by Mike66 on May 27, 2021 9:42am
Good point SpecSit, it makes sens a lot. When we are in like i am for 5 years now, we are waiting flrnTHE news that woll blow the stock price to the moon. I know it will happen. Kiril is doing great things for us, i don't have any doubt about it. Patience is the key...
Comment by goldman888 on May 27, 2021 12:52pm
A long term invstor is someone who bought GMA at $0.60 and now is trading at $0.40 or Someone that bought KTR at $0.45 and now is trading at $0.15 Good work Kiril
Comment by SpecSit on May 27, 2021 1:02pm
That's really more on you and less on Kiril.  He can't control the stock price.
Comment by goldman888 on May 27, 2021 4:34pm
Sure...and the fact that he is President of two compnaies and split his time does not allow him to put 100% of his time on one company. So he is a part-time CEO. Furhtermore, he has no incentive to do great things becasue he has no upside. He barelly owns any shares and his only incentive is his sallary. Is that why he needs two jobs/salaries? Its about time he commits to one company and focus ...more  
Comment by SpecSit on May 28, 2021 10:12am
You are really sounding ignorant for a few reasons. 1) Kirill is loaded with options.  He only gets the big payday when the stock eventually succeeds. 2) If you need the stock to keep going up and attracting fast money investors, then the only small cap names you should look at ones with paid promotion programs.  Yes, you can make good money trading them, but generally those stories ...more  
Comment by goldman888 on May 28, 2021 11:20am
a better job?
Comment by goldman888 on May 28, 2021 11:39am
No he can't, only his actions can influence it. Don't get me wrong...Kiril appears to a bright and talented CEO, imagine what he could do if he spent 100% of his time on this project.
Comment by SpecSit on May 28, 2021 12:42pm
He is beholden to other parties (this new partner, Hatch, gov't of Qc, for example).  Spending "more time" on GMA, even if realistic, is not going to change this fact.  Who you should blame is the Cdn capital markets which, until recently, had very little demand for emerging companies and their concepts.  It's a lack of investors that are the issue, not the ...more  
Comment by Bobipinelarew07 on May 28, 2021 4:13pm
Ok. for the Canadian market and his innepties,but this is a MARKET and nobody has to avoid  relations with the investors because they could become ugly bad and worst than aunt Mimi.Sorry it's irrationnal in a market to beleive that you do'nt have to stimulate and emulate the lucratives interest,or anything going in that sens for GMA. There are rules and shadows of these rules,respect ...more  
Comment by goldman888 on May 28, 2021 4:24pm
Really?
Comment by goldman888 on May 27, 2021 3:33pm
Not questioning the long term value, but the short term stock price. Most penny stock investors dont have more than a few month horizon. I am also looking at the momemntum. Next support is around $0.35...but at this rate it will touch $0.30 and I hope it holds. If investors dont have a reason to hold this stock is going back to $0.20. Long term investor is someone who bought GMA at $0.60 and now ...more  
Comment by Cross19 on May 27, 2021 4:17pm
This post has been removed in accordance with Community Policy
Comment by goldman888 on May 28, 2021 11:36am
This post has been removed in accordance with Community Policy
Comment by Thinkbigsti69 on May 27, 2021 4:20pm
Stop complaining and grow up already! Patience is needed here if you want to make real money with GMA.
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