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Opawica Explorations Inc V.OPW

Alternate Symbol(s):  OPWEF | OSOL

Opawica Explorations Inc. is a Canada-based junior exploration company. The Company has a portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. It owns a 100% interest in the Arrowhead, Bazooka East and McWatters claims located in northern Quebec, Canada. The Arrowhead property and Bazooka East property are subject to a 2% net smelter return (NSR) royalty. The nearest mine to Arrowhead Property is the Mouska mine located eight kilometers to the east. The Bazooka property is a 100% owned 1200 hectares (ha) land package. The McWatters property is subject to a 1% NSR royalty. The Company owns a 100% interest in 24 mineral claims located in Beauchastel Township, Quebec, collectively the Bazooka West property.


TSXV:OPW - Post by User

Bullboard Posts
Comment by imerc23on Apr 25, 2013 9:36pm
155 Views
Post# 21304092

RE: .005 cents and projected decrease

RE: .005 cents and projected decrease

What caused me to lose confidence in Opawika was reading the MDA for the quarter ending Nov 30/12 and seeing that the company has a "signed a Consulting, Management and Key Personnel Agreement" to pay another company (of which Clark is the Chairman) $25K per month for "management fees".  On top of this very considerable income (for work that from my perspective looks like a part-time job) Clark also paid himself a "performance bonus" of $150K in San Gold shares.
 

Bullboard Posts