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Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s):  OMMSF

Omineca Mining and Metals Ltd. is a Canada-based junior resource company. The Company's flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 kilometers (kms) east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kms of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. It has exploration and evaluation properties into two geographical locations: British Columbia and the Yukon. In British Columbia, its properties include Abo, Fraser Canyon, Mouse Mountain and Wingdam. In Yukon, its property is Kiwi. The Fraser Canyon consists of around 2,221 hectares of placer claims and leases and 1,221 hectares of mineral claims. It has around 50% interest in the Mouse Mountain project.


TSXV:OMM - Post by User

Post by currency24on Apr 17, 2013 7:49am
172 Views
Post# 21264242

ITS BAD MGMT and Poor Use of FUNDS

ITS BAD MGMT and Poor Use of FUNDS

To Grassy whomever???? - Bottom line its BAD MGMT and Poor Use of Valuable Assets - REAL HARD CASH. CASH IS KING IN THIS MKT. Personal attacks are a joke. You should be asking the same questions, if you are a true investor. In my humble opinion

Any one can raise questions and call into account BAD MGMT, especially this Team of late.Perghaps you have lost $$$ in OMM, EPL and FNR? OMM and EPL share price to fall by another 50%, in my humble opinion.

I have noted Tim and his Team were very good, in the past, but over the last year or so they have gone down hill fast making BAD Investments, "In My Humble Opinion". They need to rethink and go back to what made them a good team and made good investments and rewarded share holders.

Grassy?? How is OMM going to raise over $10 plus million? at this share price? in this MKT? with a Financially troubled partner and share holder FNR? Read FNR 's press release on their debenture and financial issues. In my Humble Opinion. Please tell me how are they going to raise $10 mil plus?? 

Bottom Line this project is DEAD in the WATER along with the Stock price. There are and will be better properties to invest in other than CVG. In my humble opinion.

As respects to NFR - Tim should have disclosed his position and interest in the Press release on EPL's investment- that is something the Disclosure Section of the Regulators should look at. An example even Tom MacNeill disclosed in hisinterests in WGF when FNR made their investments in WGF, its should be disclosed in my humble opinion.

Wake up and smell the Coffee.

All the above "InMy Humble Opinion"

 

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