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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 Aug 02, 2015 12:18pm
145 Views
Post# 23983652

RE:RE:RE:RE:RE:News

RE:RE:RE:RE:RE:NewsI sent an email and got a response so if others want, go ahead and try it. I suggested the necessity of a clearer statement on Simon's departure was necessary. That suggestion was dodged although he did suggest the selling we are seeing is due to panicking, in the summer period of low volume,  which I think is a bit unfair, I would call it more justifiable fear of uncertainty which could be cleared up, perhaps, by a company statement about Simon's departure. I take the recent NR and posting of the article on Geo's website to be an attempt to reassure us that all is well with Montviel and the separation process. And, of course, there is the fact that now we can read the technical report which I skimmed through, concentrating on the summary and conclusions. They do call it a technical report for a reason.

To me the financing of Innord is the most important thing. It is fine for writers to say that the process is "fairly impressive" but until someone puts some money into it, it is just talk. I have been invested in other companies with impressive sounding innovations or ideas, but they never got the financing so I anxiously await an update on Innord. Although the PEA will be of interest also. :)

Also, Simon is still a Director since he was voted in by shareholders and the inference that I draw is that he would have to resign voluntarily which he hasn't done.
Bullboard Posts