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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 Mar 26, 2020 2:33pm
69 Views
Post# 30850352

The project

The projectI am a little embarrassed to admit I have been a shareholder of this company for about 5 years. I am emarrassed because it has been such a poor investment and I have stayed with it for so long. Always believing. I guess there have been some opportunities to sell but for the most part there has been very little liquidity. Insiders where buying but I didn't want to sell then. Looked promising. 

I follow other mining companies and see their shares trading much higher volumes at higher prices than FEO and they are still looking for reserves? 

I have been wondering why we have not been able to move forward. We have a study that basically proves that the project is economical. All these years and there hasn't been anything presented to the shareholders to even think about. I wonder if they are asking for to much. We never get to hear about any possible agreements. I have confidence in the management and that is  why I have invested in the company and stayed with it but sometime they are going to have to think of shareholder value. We can't go on like this forever.  
Bullboard Posts