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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 fruiscante1on May 09, 2014 12:36pm
212 Views
Post# 22544401

rights offering

rights offeringI would very much like to believe that todays shareholders right news explains the recent trading activity. If a company is looking to buy GMA on the cheap then they could keep unloading to keep it at .60, so when they make they offer they can claim that------- "This represents a premium of XX% over the average weighted trading price of the company over the past XX days" as they often say in those offer releases. It could be the reason that GMA has delayed the news in order to get the rights plan into effect prior to the release. Just a guess, but I suppose guessing is all that we have been able to do here in the past few weeks.
Bullboard Posts