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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 Feb 22, 2016 12:27pm
150 Views
Post# 24581978

immnent news report?

immnent news report?I guess that at least someone from BMO and also someone from Scotia believed that a NR is imminent. These two persons wanted a position and decided to buy at the opening this morning. They could have been a bit more patient and would have picked up cheaper shares, but decided otherwise. Unless you are in the rush to build a position or reduce your ACB, there is no reason to put a purchase price above the asking price of numerous sellers... Like some posters, I mentioned on some occasions that L2 was thin on the seller side. We might be wrong though. As soon as we see some action with the sp, sellers are coming back in force (and not only one or two, but many). It could possibly be manipulation attempts, but it looks more like retail sellers taking their opportunities to move away from years of frustrations. I hope that GMA will be back on track very soon. But, we might not get rewarded as fast as we all hope (even with good news) given that numerous sellers try to leave the ship whenever they can. For those who were here long enough to remember, there was a lot of "sell on the news" that took place with GMA in the past. I will assume that history will repeat itself, as a lot of investors are ready to "sell before the news". Hopefully, the trend will stop at some point, otherwise, the $1.00 or even $0.77 will be very hard to reach. Moulouk
Bullboard Posts