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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 Feb 23, 2015 10:40am
153 Views
Post# 23454618

Junk

JunkThis stock is going to single digits at this rate.  Yay, more crappy gold news.  Nothing about REE and separation mind you, as those seem to have been a passing fancy for this lot.

So - we're a gold company now? or is Separation still ongoing? Who knows since the company seems to have no interest in explaining why nothing has been released on the very project and reason most of us invested.

This is the problem when you don't have a real and truly invested management team.  The CEO is just some rich kid that was promoted by his daddy.  He hasn't run a company before.  He doesn't know how to grind it out and how to properly run it....he just knows how to make the most of his precious vacation time.  Burn rate = no more cash by the Fall.  No big deal for Simon as I'm sure old daddy dearest will arrange his next CEO posting once GMA goes belly up.
Bullboard Posts