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Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s):  FEOVF

Oceanic Iron Ore Corp. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The Company is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The properties cover over approximately 36,039 hectares of iron ore formation and are located within 20-50 kilometer of tidewater. These properties comprise approximately 3,703 claims which are located over 1,568 square kilometers along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometers of iron formation.


TSXV:FEO - Post by User

Bullboard Posts
Post by helpline88on Oct 03, 2018 2:26am
34 Views
Post# 28735071

Re Dumping

Re DumpingGorman uses CIBC and was and is probably still a believer so he isn't dumping. Most likely Aquilini. I know he bought a 4 million share PP at $.20 per share so selling at $.05 a share he is getting $.25 on the dollar back. Doesn't make sense. He is part of one of the richest familes in the country. You can't think he needs the money. He might have had a falling out with some of the other directors or management and just doesn't want to support them anymore. I doubt he is selling because he knows the deal is dead. None of the others are selling. What's puzzling is, that in a stiuation like this the others would usually just buy him out. I wish they had done that because that would have shown confidence in the deal. But they left it up to the bottom feeders to buy him out. Who knows. 
Bullboard Posts