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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative 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 in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.


TSXV:GMA - Post by User

Bullboard Posts
Post by flyingnunon Mar 31, 2011 11:25pm
335 Views
Post# 18371090

Perspective

Perspective
I don't disagree with the sentiment here...I expected with similiar results to the first 2 holes that this would go much higher today however you have to remember that 6 months ago this stock was trading at .35 cents and 2 months ago at around $1.00 per share.....with the kind of appreciation we have seen here you are going to have sellers cashing out at least some of their position. I believe in this stock and am maintaining a core position as a long term hold but admit I did sell 25% of my holdings today for just under $5 per share....I will hold the remaining 75% for now and if we get any dips between news will add again.
Bullboard Posts