RE:RE:PDAC / results?VentureGuy24 wrote: Moulouk:
There will be news prior to the PDAC event. There will be 1 or 2 news releases announced before the big event which is one of the largest mining conferences in the industry worldwide. Further drilling results will be announced and possibly an update on the seperation technology and process (the more anticipated report). I think the PEA will be announced in May and the report could not be released because more evidence was needed beore QPs would sign off on the study. Geomega did a great deal of work on the PEA study so the QPs are working with management to allow an error-free document to hit the market! Kiril does keep communications with institutional investors and these entities do want to allocate capital to us before want to see certain developments unfold to take a position. Do you guys know why we decided to all of a sudden title Dr. Hajiani to Chief Technology Officer (CTO) from process engineer? The reason the company did this was to properly market the inventor of the seperation process to institutional community. This was a more fitting title for a man that created this innovative solution for the REE sector. All innovative and technology firms have CTOs and for Geomega to be taken serious by large capital firms and the government we also needed to join the masses in creating a title that reflects this development. Also, Geomega will not sell the REE deposit as some have mentioned on this board. The comapny is here for the long-term in hopes of becoming a major player in the sector. We are on the verge of becoming a mining producer and will keep the deposit. AND, Why would we not stay if seperation technology works, this will be a cash cow for the shareholders will little CAPEX and large profits. This is where the private funds and government can come into relevance!
1) Government equity- fund the seperation developments
2) Private equity- fund the capital costs in connection to mine development and CAPEX
The company has been in contact with end-users and we will see off-take agreements announced in due time. The outcomes and possibilities are endless if seperation works which I believe it does: Licensing and recyling options will be viable options going forward....reading the above, no wonder Geomega team believe we are extremely undervalued and oversold.
Level headed post as always VentureGuy.......thanks for sharing.
We we can only hope it all comes true and the company finally shows us the money !!!
Cheers........OOTT