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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

Post by helpline88on Jan 24, 2023 5:18pm
224 Views
Post# 35243458

RE: Steven Dean said

RE: Steven Dean saidYes,  if you look at the underlining value of the project there is deep value but with Steven Dean as Presdent that value goes away. He has been a director of this company for a dozen years and he has created no shareholder value. What makes you think he will now? 

I see Champion Iron (CIA) (the other Quebec iron ore company) closed today at $7.41. The management of Champion are excellant. Creating substantial shareholder value for their shareholders. 

Looking like 2023 will be just another useless year FEO. Fortunately for me I dumped most of my shares a couple of years ago in the mid to low $.20's. I took the money and got into something better. I have making money with those funds. With inflation and opportunity loss hanging on to this joke of a company just doesn't make sense. Dean will continue to dilute the shares to the point there isn't much left for the small shareholders. 
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