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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
Comment by Thresholdon Apr 27, 2011 3:43pm
305 Views
Post# 18496477

RE: Hope they HALT this time... WRONG

RE: Hope they HALT this time... WRONGwrong wrong.

halting is for drama queen mgmt teams imo.

you halt for good news and you get a gap up at the open. a gap on the chart is a point of weakness and a magnet for the share price to backfill.

gives brokers and pro trading groups time to phone, IM, email, text, tweet or otherwise communcate with each other to setup a strategy to screw the public when the stock reopens.

far better to release the news into a live market especially when the broker community knows that the company intends to raise cash in the near future.

this stock is super cheap right now and any financing will enable the brokers to make a ton of loot off their commission shares.

so the financing broker will make way more money with his cheaper commish shares on the subsequent runup than they would off the cash commish from raising at a higher price. that's why good mgmt teams with a great resource play hardball with brokers.

part of playing hardball is NOT to halt for good news.
Bullboard Posts