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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a Canada-based company. The Company is engaged in the acquisition, exploration and evaluation of mining properties in Canada. The Company's wholly owned subsidiary Innord Inc, which is engaged in developing technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste. The Company owns Montviel property, which is located approximately 100 km north of Lebel-sur-Quevillon and 45 km west of the Cree First Nation of Waswanipi. The Montviel property comprises 96 mining claims totaling 5,333 hectares. The project is comprised of 178 cells, for a total of approximately 9,910 hectares.


TSXV:GMA - Post by User

Bullboard Posts
Post by bearslayeron May 30, 2011 3:09pm
239 Views
Post# 18645636

SP

SPI don't know why people think that a good stock cannot go down when there is no 43-101 or metallergy report.  This is a spec stock and you have to accept volatility and expect that you can loose money.  Look at QRM last year that is now $7.50 - on 4/8 it traded at $4.26 amd not too long after on the 7/5 it traded at $1.76.

Market will kill spec stocks more so than the good stocks - Look at your latest Great BEAR market when we had Quadra minerals which was producing and trading at less than cash on hand.  Management is at least keeping us informed on the BOARD (which maybe a mistake since all the stock holders want to bash them and become instantly rich with increasing stock prices).  

Have any of you never lost on a stock and you were sure that you had the best thing since slice bread.  If you invest in spec or even good stocks you are not always going to win.  If you can't live with volatility then get out of the market because in my 30 years of investing there has been alot and I bet when I am dead there still will be volatility.
Bullboard Posts