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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 Mouloukon Nov 05, 2015 1:58pm
146 Views
Post# 24263013

corporate presentation

corporate presentationStill playing guessing game! From the corporate presentation of October 2015, it seems that GMA will "re-focusing on scale up of separation technology" (p.10 of the presentation. This means that if you "re-focus" that you did not focus on this for a period of time. On what GMA focused in the last few months? 1) the PEA. I really thought that the PEA was supposed to be out and that was the first priority. Unfortunately, GMA state din the corporate presentation: "metallurgy took longer than expected resulting in the PEA going over budget". The result is simple: GMA confirmed that they need to complete the plant and infrastructure section and they need more financing. GMA did not confirm any date which in my opinion again, means that the PEA is put on the sideline. Then it begs the question: is it because he share price is too low, because the PEA as anticipated is not as good as everyone expected or is it because GMA still need a lot of money to complete? 2) Anik. What else do we need to add? Bottom line, PEA is on the sideline, Innord will be the main focus but nothing before May 2016 (according to the timeline in the corporate presentation) and they are silent on Anik. Can someone help me being more positive on this stock? Does anyone still feel that GMA can turn it around? Moulouk
Bullboard Posts