Geomega Resources Inc GOMRF

Not Enough News to Sustain the Rise of GMA

[goldman888]

While I love this stock, the news was great, but not enough meat on the bones. As ususal Kiril and friends do not know how to write news releases.

The headline should have read:

Geomega signs Agreement for Resarch and Pilot Project Development for REE Recovery from Bauxite byproduct with Major international Aluminum Partner

not

Innord Develops Bauxite Residues Process Using Its Environmentally Friendly Technology

The message in the NR, as usual, lacks to project upside value for company and its shareholders..

So I do not see any further news for now, so this stock should slowly sink.

Key support levels for the stock appear to be at:

$0.44
$0.40
$0.37
$0.30

An informed investor in this space may consider buying out this company at a huge premium, but that is just sheer speculation.

I hope that they build their REE recovery plant this year and starts production. But I doubt it, because we have not heard any progress about this.(yet).

[goldman888]

https://stockcharts.com/freecharts/pnf.php?c=GMA.V,PGPBWAYRBO[PA!B5][D][F1!2!1.0!!2!20]

[Mike66]

I have to agree with you. Some investors are desapointed and it's why the stock price is decreasing instead of increasing. Minus 0,04 cents now with a great news! 

[SpecSit]

Your criticism, although somewhat truthful on the surface, is really misplaced.  As the partner is likely a super-major like Rio Tinto/Alcoa, these companies do not allow their little partner companies (GMA) to say what they want in news releases related to joint agreements.  This is likely why it is not written in plainer language understandable to the average investor. If this

[Mike66]

Good point SpecSit, it makes sens a lot. When we are in like i am for 5 years now, we are waiting flrnTHE news that woll blow the stock price to the moon. I know it will happen. Kiril is doing great things for us, i don't have any doubt about it. Patience is the key...

[goldman888]

A long term invstor is someone who bought GMA at $0.60 and now is trading at $0.40 or Someone that bought KTR at $0.45 and now is trading at $0.15 Good work Kiril

[SpecSit]

That's really more on you and less on Kiril.  He can't control the stock price.

[goldman888]

Sure...and the fact that he is President of two compnaies and split his time does not allow him to put 100% of his time on one company. So he is a part-time CEO. Furhtermore, he has no incentive to do great things becasue he has no upside. He barelly owns any shares and his only incentive is his sallary. Is that why he needs two jobs/salaries? Its about time he commits to one company and focus

[SpecSit]

You are really sounding ignorant for a few reasons. 1) Kirill is loaded with options.  He only gets the big payday when the stock eventually succeeds. 2) If you need the stock to keep going up and attracting fast money investors, then the only small cap names you should look at ones with paid promotion programs.  Yes, you can make good money trading them, but generally those stories

[goldman888]

a better job?

[goldman888]

No he can't, only his actions can influence it. Don't get me wrong...Kiril appears to a bright and talented CEO, imagine what he could do if he spent 100% of his time on this project.

[SpecSit]

He is beholden to other parties (this new partner, Hatch, gov't of Qc, for example).  Spending "more time" on GMA, even if realistic, is not going to change this fact.  Who you should blame is the Cdn capital markets which, until recently, had very little demand for emerging companies and their concepts.  It's a lack of investors that are the issue, not the

[Bobipinelarew07]

Ok. for the Canadian market and his innepties,but this is a MARKET and nobody has to avoid  relations with the investors because they could become ugly bad and worst than aunt Mimi.Sorry it's irrationnal in a market to beleive that you do'nt have to stimulate and emulate the lucratives interest,or anything going in that sens for GMA. There are rules and shadows of these rules,respect

[goldman888]

Really?

[goldman888]

Not questioning the long term value, but the short term stock price. Most penny stock investors dont have more than a few month horizon. I am also looking at the momemntum. Next support is around $0.35...but at this rate it will touch $0.30 and I hope it holds. If investors dont have a reason to hold this stock is going back to $0.20. Long term investor is someone who bought GMA at $0.60 and now

[Cross19]

This post has been removed in accordance with Community Policy

[goldman888]

This post has been removed in accordance with Community Policy

[Thinkbigsti69]

Stop complaining and grow up already! Patience is needed here if you want to make real money with GMA.