Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the acquisition, exploration, evaluation, and development of mineral properties. The Company, through its wholly owned subsidiary, Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company is focused on the exploration of the past producing Omai Gold Mine in the Potaro Mining District of Guyana. The Omai property is located 165 km south-southwest of the capital city of Georgetown, Guyana. The Company also has a 100% ownership interest in the Grenfell Gold property in Kirkland Lake, Ontario.


TSXV:OMG - Post by User

Post by trooper22on Dec 06, 2023 9:15am
118 Views
Post# 35770662

Reunion Gold (RGD) comparison to Omai

Reunion Gold (RGD) comparison to OmaiWhen you look at some of the information about Reunion Gold in Guyana, the two properties are very similar.  Mineral Resouces and grades are fairly close although Omai has not done as much deep drilling as RGD to date, but all the indications are the Omai grades are getting better and wider at depth.  When you look at RDG current share price of .42 compared to the .065 of Omai you have to wonder has the market really got a grip on what Omai has in the ground or is something else happening behind the scenes. 

The shares outstanding for RGD sits at just a little over 1.2 billion and a market cap of just over 507 million which is a far cry higher than the mere 377 million shares oustanding for Omai and a market cap of just over 24 million.  An here we are sitting at .065 a share this morning.  Either the market is blind or we have some entity trying to keep the stock price down until after the new resource update and PEA.  There is no way this stock should be sitting at this stock price unless it is deliberately being kept down.


<< Previous
Bullboard Posts
Next >>