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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
Comment by shelbson Sep 06, 2018 6:25pm
121 Views
Post# 28575725

RE:RE:RE:RE:NEWS !!!

RE:RE:RE:RE:NEWS !!!Hey Moulouk,

I'll explain myself a bit more.

First of all, I'll explain what's happening with this stock. The market has no clue. Why do I say that? It's simple, we've had excellent news (like yesterday), which should easily raise the stock price. We can now process up to 7KG per batch of recycling material. So we can now actually show enough processed product to show companies we are in business. We can also make small amounts of money off this product. When it comes to the stock price, people will sell into news, making the overall feel like there's something wrong. Well what if we had someone buying millions of shares instead? Then we'd all be praising GeoMega instead of singing the blues. Today is a perfect example, some others are selling, whether it's frustration or market manipulation to get others to sell so they can buy at a discount....I don't know. We are at $0.075 which is hilarious since the Kintavar deal is hedging us like crazy. I understand that people are upset about not receiving shares, but we all know that 50% of the people will sell immediately and crush the Kintavar share price. So for us not to receive the shares yet is totally fine with me.

What's going to happen Moulouk, is GeoMega will prove that this technology is scalable (as they just have), and that in time there will be a demand to scale to process roughly 1 tonne a day or so. Then they will be able to process a bunch of recycled material AS WELL AS THEIR OWN DEPOSIT. Remember, the technology is/was created to make their mining process feasable. Remember how expensive it is to mine rare earth's without ruining the environment? Case and point in Molycorp who folded. So what has and probably will happen is this - prototype has been successful and proved it could separate with the ISR technology and the samples were sent to end users which were validated. Now we have scaled up to a larger scale with a machine that we have built within our budget and will be able to process larger amounts. Now that has been successful and we will see what happens with end users and such (I have a feeling that news might be released again regarding something like this). Once we get to here, it will then be about scaling up again. Once we do that, it will be too large of a machine to not have in a facility......so at that point, doesn't it make to build the processing plant on-site right where all the material is to be extracted from? I think it does....and that's likely to happen. When that does happen, you will wonder how this stock was ever at 7.5 cents a share. 

There's also some other milestones with purity and other elements that will be reached. 

During all that, Kintavar will be bought out by some big player at $1 per share, and we will all be given a bunch of free cash and be happy :)

So if you hang in there, chances are you will be rewarded. Kiril did say to me, he can only build a business and not a speculation story. It's true, all GeoMega can keep doing is achieving milestones. How the market reacts is another thing. Time can only keep GeoMega down for so long.

Cheers,

Shelbs


Bullboard Posts