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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 Jan 19, 2016 9:51am
117 Views
Post# 24471527

RE:Insiders buying

RE:Insiders buyingThe bright side is that since December 1, 2015, there was quite a few insiders that bought in the market: KMugerman: December 2: 38k shares at $0.065 December 16:42k shares at $0.06 and January 15: 60k shares at $0.06 ACayer: December 7, 2015: 30k at 0.065 January 14, 2016: 65k at $0.06 It was a while since insiders bought directly in the market, so it is a relatively good news. On the not so bright side, the share price is at $0.06 and there is no volume...This means that even at $0.06, GMA does not attract interest from investors. This is scary. In addition, at some point, we will have to evaluate the performance of our new CEO. So far, GMA has been pretty silent. There is not much going on in terms of news which could help GMA to attract new investors and more importantly, to avoid dilution at $0.09. I really hope we see a bit more action than what we have seen in the last couple of months! Moulouk
Bullboard Posts