Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s): OMMSF

Metals & Mining Gold

Omineca Mining and Metals Ltd. is a Canada-based junior resource company. The Company's flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 kilometers (kms) east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kms of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. It has exploration and evaluation properties into two geographical locations: British Columbia and the Yukon. In British Columbia, its properties include Abo, Fraser Canyon, Mouse Mountain and Wingdam. In Yukon, its property is Kiwi. The Fraser Canyon consists of around 2,221 hectares of placer claims and leases and 1,221 hectares of mineral claims. It has around 50% interest in the Mouse Mountain project.

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Omineca Mining and Metals Ltd

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Post by porc2019on Nov 17, 2020 1:04pm

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Post# 31915164

MEDIOCRE MANAGEMENT AND DILUTION HELL

Whats not to like?

23 million share diltuion right before supposed positive NRs on underground and drilling. YEAH, makes sense :D? /sarcasm off

Only two possible and logical explanations for diluting the hell out of current shareholders right before these two events:

1) Management and friends want cheap shares for themselves.
OR
2) Management does not expect positive news on either front!

Both explanations are BAD for shareholders.

So dishonest, this entire story and their promotion until now. You would have to be crazy to invest here.

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