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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 BombVarkon Jun 18, 2015 10:39am
126 Views
Post# 23843723

RE:RE:RE:RE:RE:RE:RE:Resource Update...

RE:RE:RE:RE:RE:RE:RE:Resource Update...
Yes, golden, I am saying in my experience, most (all?) of the juniors have adopted the permission to grant a rolling 10% of outstanding shares for options. I also agree Deadlock's involvement has been long-term deterimental. His pumping did allow a PP at 60 cents but he built up false expectations that still linger here. Yes, management did miss deadlines as they worked to better their prospects but we are finally seeing the fruits of their labor. Also to the point about Molycorp, they have also been plagued with environmental issues that Geomega is addressing, I have been slow to grasp this point and now believe it is a much better deal than I had initially thought.

I agree with dzurbo the size of this project also gives it an edge. I notice  that I am very agreeable today, I bet that doesn't last when I get to work.  To me, the news that would be most encouraging would be financing of Innord thus providing us with evidence that investors have some confidence in the process
Bullboard Posts