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Bullboard - Stock Discussion Forum Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s):  OMMSF

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... see more

TSXV:OMM - Post Discussion

Omineca Mining and Metals Ltd > Suggestion: Sell off property to OR for 0.20 cad
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Post by porc2019 on Oct 26, 2020 6:06pm

Suggestion: Sell off property to OR for 0.20 cad

Since underground is most likely a bust there is no cash flow to finance exploration work, especially because its quite expensive in this area. Also PP is a bust since share price way lower than 0.40 cad. 

I think best thing for shareholders would be to sell property off to OR for 0.20 cad/share.
Comment by gpsairgoldteam on Oct 26, 2020 6:18pm
I owned OMM a few months back. Made a double on it, and was hoping to get back in at a lower price. But I'm doubting getting back in here now. It really disturbs me to see the insider ownership missing from the October 2020 presentation. It used to be there for all to see. The McNeil family owned over 50% as I recall. Did they unload? 
Comment by porc2019 on Oct 26, 2020 6:47pm
Wow. In September presentation large insider ownership was still mentioned as far as I know. Now nothing.  This is very fishy imo. Can they sell stock without reporting it? Maybe via FNR? 
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