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Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s):  FEOVF

Oceanic Iron Ore Corp. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The Company is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The properties cover over approximately 36,039 hectares of iron ore formation and are located within 20-50 kilometer of tidewater. These properties comprise approximately 3,703 claims which are located over 1,568 square kilometers along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometers of iron formation.


TSXV:FEO - Post by User

Bullboard Posts
Comment by Drillheadedon Jan 04, 2017 2:23pm
50 Views
Post# 25666931

RE:R.I.P. Oceonic!

RE:R.I.P. Oceonic!There has been a significant amount of insider buying in the past by the management team. They all have a skin in game and as we get closer to a potential deal with the Chinese they are probably restricted from buying - who knows - and hey, there hasn't been much inside selling either. As Mr. Bigger wrote nobody follows this stock as it had been flatlined for a very long time due to low iron ore prices etc. but all quality companies will get their moment in the sunshine. Power China is not a toy company. They mean business. FEO will be peanuts for them and as the Chinese economy seems to gather momentum again it's a ideal project for them. With a tiny MC as "we" have any deal will be a good one for us with the current share price. We have a good management team and they would like to wrap the deal up aswell as potential partners like Power China doesn't come along that often.
Bullboard Posts