RE:Everyone take five
Joe454 wrote:
Simon jumped the gun and he knows it. At this point I don't have any reason to disbelieve the separation work that has been going on at Geomega. I think Simon got over ambitious and his timing of it all is way out of wack , now he's between a rock and a hard place with his shareholders , and maybe a little embarrassed. Just cut him some slack , and I believe he'll come through , let the process work. Wish you well.
We finally see eye to eye Joe. I concur that Simon got way ahead of himself and gave generalized dates to shareholders that he just couldn't keep. Bottom line is that the resource is huge and the separation tech works. It does list in the corporate presentation link below that the 43-101 timeline is July and the PEA end of 2014......so infact things are still on schedule......just a schedule some of us were not initially promised.....c
'est la vie.
A few things mentioned by Simon yesterday. He did not confirm this....... but in all likelyhood the resource update will be next week with further sep results by September and PEA around December. It was also confirmed to me that he did have meetings with Seimens at their head office while in Germany and the meetings went well. Simon said no use racing to get out news that goes unnoticed in mid-summer. Come September things should really start to fall in place as the goal is to get the price above $1.00 so that the warrants get
exercised.
GMA has the Holy Grail for the REE industry outside of China, and today's worries will be a thing of the past if you have the patience to ride out this lull.
Corporate presentation below:
https://ressourcesgeomega.ca/corporate-presentation/
Cheers