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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 Mouloukon Jul 30, 2015 9:37am
123 Views
Post# 23975279

RE:RE:RE:What's happening here........

RE:RE:RE:What's happening here........Technically, Simon's departure happened at the same time as GMA received the FS. I might just be a coincidence. But the lack of information opens the door to speculations. In addition, it seems that we may receive it on Friday night, which is probably not a good sign.

Last year, GMA received the FS on July 18, and they were published on July 22nd.

The MD&A might give details about the new CEO process, objectives and maybe rationale behind Simon's departure, even though Simon's departure happens after the fiscal year.

I just want to be reassured that there are no problems with the FS (restatements, problems with internal control, or worse...). Obviously, if we had more information, we would not be asking ourselves all these questions.

At the same time, it is also possible that GMA is now negotiating with Simon for a departure compensation, which would probably mean more money to raise...

Moulouk
Bullboard Posts