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Gen III Oil Corporation V.PGK

Energy Metals & Mining Oil & Gas Refining & Marketing Gold
"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products. The company's ReGen process utilizes common technologies in use throughout the world, but in a configura


TSXV:PGK - Post by User

Gen III Oil Corporation > Deliberate Bankruptcy?
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Comment by AuntiePennyon Feb 19, 2014 12:37am
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Post# 22223141

RE:RE:Deliberate Bankruptcy?

RE:RE:Deliberate Bankruptcy?
Imwauna is insanely rich and right at surface. I'd be surprised if it would cost more than $50/oz to mine it. The market cap ($4 million) makes no sense. With the depressed POG every major is desperate for hi-grade properties. If there was ever a buy-out candidate this is it. So why is CIBC systematically filling the bids way, way, way down here?
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