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Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. It holds a 100% interest in the Omai prospecting license that includes the past producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Omai property is located within the prolific Guiana greenstone belt in Guyana, located on the north coast of South America. The Omai property consists of one 4,590-acre prospecting license granted directly from the government and held 100% by Omai Gold’s wholly owned subsidiary Avalon Gold Exploration Inc. (Guyana), and two Mining permits for medium scale operations totaling 1,519 acres are held 100% via a commercial contractual agreement with a Guyanese company.


TSXV:OMG - Post by User

Post by Newmetalson Apr 01, 2022 1:36pm
164 Views
Post# 34567920

Exploration and Management

Exploration and Management I was looking at the financial statements for Sept 30 trying to understand the costs and noticed that they did not even format them correctly with lines missing on totals in tables throughout the statements. Most basic formatting and embarrassing for a public company.  How can they run a company exploration program when they can not even publish statements without missing lines. Attention to detail is lacking and worries me how can we rely on them to find an economic deposit.  We know this is amateur hour as the OSC made them clarify and correct their resource update.  We are paying $1.2 million a year in management fees for amateur hour and part time effort. The Sept 30 statements are only on sedar as they did not post them on their website. I wonder why??  Step up and deliver or we are getting diluted at a 5 cent financing next.  Frustrated shareholder that is losing all confidence in at least breaking even. 
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