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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 JackieTreehornon Jun 03, 2014 11:34am
328 Views
Post# 22624858

Reality Check

Reality CheckI'll preface this by saying I am into this stock at an avg. of 40 cents, and I'm not trying to 'SCARE' people like our good buddy Superman4444 or whatever, but looking at this stock objectively, does this not sound alarm bells that maybe something is going on that we (the general public/investor) are not being made aware of? 

The company releases what should be construed as very positive news, then loses over half it's value in a matter of weeks, and if you look at the trading pattern over the last few weeks, it is very clear that this stock has not hit bottom.   I watched AET.UN go through a similar destruction, all the while the share price was sliding, the company tried to reassure investors that all was well......until the stock lost half its' value and finally the 'oh yeah, we had a $69mm writedown on a new asset' news release came out. 

So - based on how this stock is trading, is anyone the least bit concerned that someone knows something that isn't being made public? 


Bullboard Posts