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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 trooper22on Dec 06, 2023 9:15am
140 Views
Post# 35770662

Reunion Gold (RGD) comparison to Omai

Reunion Gold (RGD) comparison to OmaiWhen you look at some of the information about Reunion Gold in Guyana, the two properties are very similar.  Mineral Resouces and grades are fairly close although Omai has not done as much deep drilling as RGD to date, but all the indications are the Omai grades are getting better and wider at depth.  When you look at RDG current share price of .42 compared to the .065 of Omai you have to wonder has the market really got a grip on what Omai has in the ground or is something else happening behind the scenes. 

The shares outstanding for RGD sits at just a little over 1.2 billion and a market cap of just over 507 million which is a far cry higher than the mere 377 million shares oustanding for Omai and a market cap of just over 24 million.  An here we are sitting at .065 a share this morning.  Either the market is blind or we have some entity trying to keep the stock price down until after the new resource update and PEA.  There is no way this stock should be sitting at this stock price unless it is deliberately being kept down.


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