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Geomega Resources Inc (QB)

Geomega Resources Inc (QB) (GOMRF)

0.056
0.0008
(1.45%)
Closed December 25 4:00PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
0.056
Bid
0.0001
Ask
24,000.07
Volume
3,694
0.056 Day's Range 0.0647
0.041 52 Week Range 0.18
Market Cap
Previous Close
0.0552
Open
0.0647
Last Trade
194
@
0.056
Last Trade Time
Financial Volume
$ 234
VWAP
0.063448
Average Volume (3m)
14,051
Shares Outstanding
142,976,521
Dividend Yield
-
PE Ratio
-5.67
Earnings Per Share (EPS)
-0.01
Revenue
3.15M
Net Profit
-2.02M

About Geomega Resources Inc (QB)

Sector
Miscellaneous Metal Ores,nec
Industry
Miscellaneous Metal Ores,nec
Headquarters
Quebec City, Quebec, Can
Founded
-
Geomega Resources Inc (QB) is listed in the Miscellaneous Metal Ores sector of the OTCMarkets with ticker GOMRF. The last closing price for Geomega Resources (QB) was $0.06. Over the last year, Geomega Resources (QB) shares have traded in a share price range of $ 0.041 to $ 0.18.

Geomega Resources (QB) currently has 142,976,521 shares outstanding. The market capitalization of Geomega Resources (QB) is $7.89 million. Geomega Resources (QB) has a price to earnings ratio (PE ratio) of -5.67.

GOMRF Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.004-6.666666666670.060.06470.055241500.05914378CS
4-0.01-15.15151515150.0660.0720.0552247100.06503628CS
12-0.0042-6.976744186050.06020.0750.041140510.06396937CS
26-0.02925-34.31085043990.085250.0860.041107570.06379199CS
52-0.11974-68.13474450890.175740.180.041118730.09336273CS
156-0.164-74.54545454550.220.27650.041200340.155057CS
260-0.051-47.66355140190.1070.47470.041342360.24485402CS

GOMRF - Frequently Asked Questions (FAQ)

What is the current Geomega Resources (QB) share price?
The current share price of Geomega Resources (QB) is $ 0.056
How many Geomega Resources (QB) shares are in issue?
Geomega Resources (QB) has 142,976,521 shares in issue
What is the market cap of Geomega Resources (QB)?
The market capitalisation of Geomega Resources (QB) is USD 7.89M
What is the 1 year trading range for Geomega Resources (QB) share price?
Geomega Resources (QB) has traded in the range of $ 0.041 to $ 0.18 during the past year
What is the PE ratio of Geomega Resources (QB)?
The price to earnings ratio of Geomega Resources (QB) is -5.67
What is the cash to sales ratio of Geomega Resources (QB)?
The cash to sales ratio of Geomega Resources (QB) is 3.62
What is the reporting currency for Geomega Resources (QB)?
Geomega Resources (QB) reports financial results in CAD
What is the latest annual turnover for Geomega Resources (QB)?
The latest annual turnover of Geomega Resources (QB) is CAD 3.15M
What is the latest annual profit for Geomega Resources (QB)?
The latest annual profit of Geomega Resources (QB) is CAD -2.02M
What is the registered address of Geomega Resources (QB)?
The registered address for Geomega Resources (QB) is 75, DE MORTAGNE BOULEVARD, BOUCHERVILLE, QUEBEC CITY, QUEBEC, J4B 6Y4
What is the Geomega Resources (QB) website address?
The website address for Geomega Resources (QB) is www.ressourcesgeomega.ca
Which industry sector does Geomega Resources (QB) operate in?
Geomega Resources (QB) operates in the MISCELLANEOUS METAL ORES,NEC sector

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GOMRF Discussion

View Posts
nowwhat2 nowwhat2 3 years ago
Trending ?.......Last .32

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=CA%3AGMA&x=20&y=10&time=11&startdate=9%2F1%2F2000&enddate=11%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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UHHU UHHU 4 years ago
Potential Gov't contracts coming. .25 not far away!
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makinezmoney makinezmoney 6 years ago
$GOMRF: Rising on RareEarths China War


Latest Corporate Presentation..........


https://ressourcesgeomega.ca/wp-content/uploads/Corp_Pres/GEOMEGA_EN_LD.pdf





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wz9ytp wz9ytp 10 years ago
Hey!!! Good morning, sir.

Cattle? Not a good time. Inventories starting to pile up, the packers we deal with in NY, Jersey and Pennsylvania are buying less and I think meat has reached the price where retail won't buy much higher. Nope..... not for me.

As far as Canadian plays..... i'm not touching anything here for now. Norwegian effect on the economy. Oil is THE MAIN driver here. Oil down, we're down. Q2 and Q3 data might be scary.

Having a hell of a good time with oil, though. I just wish I had more time.....

All the best, sir. And thank you!
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Belek Belek 10 years ago
How come you aren't playing this one?

CRMMF- OTC markets $2.83, looks like she's ready for another leg up,
still have to do some DD but might grab a few quick...
bids $2.91 this morning OTC, wow!!!

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Belek Belek 10 years ago
Time to look at some alternative investments.................


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Belek Belek 10 years ago
Euro will make parity and then some with the US$,,,,,,,,,,

things are so disconnected right now, nothing works, throw all those
books out because the FED has destroyed everything we have learned,
this is the new norm, the world is in total chaos with this financial
meltdown. These so called brainiacs are experimenting with everything and anything they can throw at the markets/ hell, they don't care what happens as long as they can keep ZIRP....

God help us all when this all ends, it may be like the Atomic bomb
hitting Hiroshima............

http://oyc.yale.edu/economics/econ-252-11
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wz9ytp wz9ytp 10 years ago
http://news.yahoo.com/fear-behind-current-stock-market-highs-nobel-laureate-171951225.html

Good read.

1.40$ us / cdn$? I highly doubt that. That'd mean parity with the Euro and WTI at 35$. Would be great for the Canadian economy, though.

Is the daily USD chart was a regular stock It'd be screaming "sell"!!!! Where's the rsi? 95? Can't sustain that path!
👍️0
Belek Belek 10 years ago
ah yes, UWTI a good one, I keep an eye on that one also, been playing some speculative buyouts in the oil sector, so the wait continues.

AR,EPE,LPI,OAS,PE,RRC,ROSE,WLL

frankly, this whole market getting scary, I'm selling some more stock tomorrow and will concentrate on one stock only for 3 or 4 day holds,
and they must be ready to go up, Im not buying anything thats been up for
5 or 6 days, hopefully I can figure out the rotation the sectors are best to
be in, if the market goes up another two or three months, it should prove
profitable.

the Dollar I see still going to $1.40, Gold seems to be bucking the trend for now, like I say, you gotta flip in and out, there is no such things as holding today....I'll be checking in.

and yes, very familiar with the cattle and pig farming routine,,,,,long story.

cya
Jeff
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wz9ytp wz9ytp 10 years ago
good evening!!!

Only thing worth buying as far as I'm concerned is oil and oil plays. Everything worth anything is overpriced. Oil might have a little downward movement left but has more to gain, I think. Dollar is wayyyyyy overpriced and will help oil out when it comes back to reality.

Made some good cash with UWTI in the past couple of sessions. Looking to buy more when it dips under 2.00$.

Gold might also have a run but much more modest. Never really liked gold anyhow. Not since 2007 when it crossed over 400$. I think it'll eventually dip back down to close to there in the long run anyhow....

I have 179 hungry mouths to feed. I run a cattle farm here. Usd going up, so does my profits as our price is fixed on the Chicago Mercantile but paid in Canadian funds. What I sold at 3.79$ a pound in June I now sell at above 4.50$ a pound. Worth getting up off of my butt and feeding.

All the best, sir. Should be interesting tomorrow!
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Belek Belek 10 years ago
wow, just read analysis on market from one guy and............

boy you have to be careful what you buy everything being so overpriced imo

Conclusion
Everything that matters turned upward last week. This rally should be good for 2 months.
I expect the major averages to be higher on Friday March 27 than they were on Friday March 20.
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Belek Belek 10 years ago
Inside Investor with Dan Dicker


Exports Looking More Likely

How quickly has the oil market has changed? Since November of last year, oil predictions have run the gamut from complete wipeout to $20 a barrel to temporary distress and a quick V-bottom recovery to $75. As pessimistic as I've been on the length of time that depressed prices in oil will remain, I've been equally skeptical both of big up and downslides from current prices. I cautioned that oil wouldn't see $60 a barrel as prices drove into the mid-$50's and I'm again warning that oil will never see the $25-30 dollar disaster price that many are predicting now.

But what will stop a slide that now seems inevitable? With oil stockpiles continuing to build steadily, and with predictions that virtually every drop of storage will be gone by May, what can possibly stop a slide into the 30's or even the 20's? There are a few truly unprecedented 'relief valves' for oil and while they are unlikely, it's time to consider their possibility – both a dispensation for crude export by the US Commerce Department or a proactive export of barrels by oil producers themselves, even without government approval.

What happens when storage actually does run out? This is a question that I have been asked repeatedly recently and since it is entirely without precedent, I'm not wholly sure. But I do have some ideas.

I imagine that many conversations are already taking place in Washington between oil's lobbyists and the Obama administration about a temporary halt to the US crude oil export ban. There are plenty of ways to loosen the reins on export without completely opening up the floodgates. There could be a 6-month permit of a percentage of domestic production for each producer who requests it – still leaving pressure on the E+P's to cut production eventually but releasing some of the surplus that has virtually nowhere else to go.

In fact, it wouldn't take much export to relieve the storage issue, as an instantaneous arbitrage against euro grades of crude and a deep carry trade opportunity would emerge. It won't immediately solve the problem of domestic oil companies that refuse to curtail production, but it would buy quite a bit more time for them all.

Another idea is for oil companies to export crude even if they can't get approval from the US government. Don't laugh at this idea, as it isn't really unprecedented – BHP Billiton (BHP) has been doing it quietly for months already. Remember the exemption that Pioneer Natural Resources (PXD) received to export condensate, an only marginally processed crude oil? Since then, many other oil companies have been lobbying for similar licenses with little success. But BHP Billiton decided not to wait for the government go-ahead. They 'self-designated' some of their processed crude barrels as condensate and began exporting them, daring the US government to cite them and make them stop.

That hasn't happened yet.

With their backs to the wall, I can see several other oil companies also quietly 'self-designating' barrels as condensate, filling tankers and shipping them offshore – probably right to the Chinese, who are always ready to take and store cheap barrels at the right price.

How does this idea impact investment in the oil space? I've been trying to give the sense to readers that value exists in the sector, provided you're willing to slowly develop positions for the next two years and not expect any kind of turnaround from oil in the next several months. Just as your excitement shouldn't be piqued by a Fed-inspired oil rally as we saw on Wednesday, so too you shouldn't fear a crazy $20 Citibank call on oil.

We simply won't get there.

Oil & Energy insider Premium edition
Friday March 20,2015
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Belek Belek 10 years ago
yep, be patient, and I'll come up with something, just read an article

in the Financial Times, When investing is all about second guessing the Federal Reserve, seems like we are playing a game of Russian Roulette
here, many hedge fund managers say fundamental analysis no longer works. Investing is all about second-guessing the Federal Reserve instead.

well anyhow, the article goes on to explain all the disconnects in the
economic environment, seems like everything is so screwed up nobody
knows what is going on anymore, in the end....
And finally, if the FED continues to be the biggest reason to take risk, when the FED finally turns, what happens to all that risk>? Central Bankers are meant to encourage financial stability not to be cheerleaders for inflated asset prices.

the best kind of roller is one that is week up week down, saves trading
expenses, I had seen a few but lost track.

The bay was nice yesterday, 55 degrees and sunny, had the sand bar
all to ourselves, you could tell spring was in the air. Temperatures keep
in the 55 range and the fishing bite will come on strong.

more later, have a bunch to do, keep checking in, I'll be busy scanning
and planning, won't concentrate on the market so much but finding that
one stock,

have a nice day
Jeff

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wz9ytp wz9ytp 10 years ago
Find me a ticker that does that and i'll trade it all day long. Up and short down. Back and forth.

Don't know if there is conspiracy, it would be terribly hard to orchestrate. But the market does seem out of whack. Nuts, actually.

19 year old daughter was preoccupied about her future last night, there's a manifestation today here in Montreal against austerity. Her friends are going and all. I told her to go and enjoy the party cause no one's gonna care about the parade. And worrying about the financial future is a good thing. It'll help her keep her feet on the ground. I didn't give a crap at 19. But wound up with my first rental appt building at 20 anyhow.....

Loved the image of the beach and the grandson. We hit single digits here again tonight. I'd kill for a dose of beach.

All the best, sir. Nice to hear from you.
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Belek Belek 10 years ago
Yessir, getting ready now to head out on the bay with the grandson''

and do some clamming and oyster picking,,,,,,he loves running around on
the sand bars and in the water no matter what,,,,,,,,,getting to 51 degrees
so I gotta get outta the house before the honey do list kicks in......

later and enjoy life
Jeff
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wz9ytp wz9ytp 10 years ago
Good!!! Nice to hear from you. Busy enjoying the kids today...will be writing later!
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Belek Belek 10 years ago
Yep. trying to stay focused on some new trading plans,,,,,,

listening to too many sometimes throws you out of whack and missed
opportunities.....I noticed my trading slipping so its back to do what I do
best, find good trades and do them myself.

I remember when I was younger, I always admired this one guy,
(rest his soul) he traded only one stock, it had a one point rolling
range, he bought 20k shs at $4 and sold 20k shs at $5, after awhile
he was driving in a corvette, had young girls all he wanted, built an
Octogon house on a high hill overlooking farmland, and finally bought himself a helicopter and came to work in that, he was a custom builder
back then........worked everyday of his life,,,,,back then it was so simple,
today with the algorithms attacking, its hard to find peace, I actually
believe brokerage firms are out to destroy the little guy for whatever
the agenda......

anyway, just a morning tale, I love to reminisce, it was good back then,
I even miss the days sitting in the brokers office watching the ticker tape
all day and trading off that........oh well, times change,,,,,,but is it any better? I doubt it....................

I be lurking in the background
Jeff
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wz9ytp wz9ytp 10 years ago
Been awefully quiet there, sir. All good?
👍️0
wz9ytp wz9ytp 10 years ago
As a Canadian often going to the States I notice the same thing he mentions about the occasional scratch on the belly. And the blind patriotism? What's up with that?

This morning in the Montreal papers I was reading about the oil situation. Cushing is about full, but they were mentionning "Billions of liters of unused storage by the Gulf of Mexico" (can't link, it's in French). Who to believe? Those who might have an agenda?

Remember the first time that the world came to an end? Mine was that Black Monday of October 1987. I was just starting to trade. I forget the details but Dow crashed like 500 points, all hell broke loose until the Maestro came in and took control. Lowered rates and Dow was back up again.

I've lived through many other world changing times and will probably live to be old enough to see many more. I really believed Sept 2008 was going to end all economic life on Earth. Will this newest crisis end all again? We'll see. Whatever happens, you and I both lived through the best of times. The money I'm saving now goes towards the heritage I'll be leaving my 4 kids because I think that they'll be needing it way more than I will.

All the best, sir. That drasted list awaits!
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Belek Belek 10 years ago
Wz9, Im posting this one here since im off topic and hopefully out of harms way,,,,,

Now here's what I mean, this guy took the words right outta my mouth....
I gotta write to this dude,,,,,,,,,,,

//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

One American's Rage Spills Over: Shut Your Mouth & Start Fighting These Political Parasites

http://www.zerohedge.com/news/2015-03-13/one-americans-rage-spills-over-shut-your-mouth-start-fighting-these-political-parasi

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wz9ytp wz9ytp 10 years ago
Hey!!! Good morning Dude sir! Lovely to hear from you! We travelled in the Northeast a couple of times and saw many 'hiring' signs. At McDonald's and Walmart and such. The U.S. is changing GM and Showboat jobs for McD and WM. 28$/hr for 8$/hr jobs. In your article, did you notice the Participation rate? People are dropping out of the job market. Hasn't been this bad since 1978. Remember the days prior to Reaganomics? Take the top tier out of those stats and the picture wouldn't be the same...
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Belek Belek 10 years ago
yeah unemployment numbers lie,,,,,,,,,

Atlantic city loaded and I think more layoffs coming, just a hint.
whats up
http://www.nytimes.com/2014/09/06/business/august-jobs-report-released-by-labor-department.html?partner=rss&emc=rss&_r=0
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wz9ytp wz9ytp 10 years ago
Fresh news: http://www.marketwatch.com/story/geomega-resources-inc-250-meters-gold-bearing-corridor-on-anik-2014-09-04-20173144?reflink=MW_news_stmp
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wz9ytp wz9ytp 10 years ago
Nice!!! Did you see this:
http://www.stockhouse.com/opinion/ticker-trax/insights/2014/04/17/geomega-s-$82-billion-rock
Rumour has it that a new estimate will be out next week confirming (and actually raising) the value of GMA's REE holdings.
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futrcash futrcash 10 years ago
Found this Q&A-

http://rareearthinvestingnews.com/21329-geomega-resources-montviel-quebec-physical-ree-separation.html

http://rareearthinvestingnews.com/19470-geomega-resources-rare-earth-niobium-tsxv-gma.html

futr
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wz9ytp wz9ytp 10 years ago
Good morning. Closed down 1/2% in Frankfort. .3550 / .36 cdn now. Cannot wait to see how it'll finish here today!
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Belek Belek 10 years ago
bid is .36 now,,,,ask .37

see what happens over the day

jeff
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wz9ytp wz9ytp 10 years ago
Good for you! GMA'll probably bounce big tomorrow and wednesday (their Frankfurt listing tonight might give you a clue as to what to expect). And we're all expecting a big surge as the shareholder's meeting is Sept 17, and they need to get the sp up for then or they'll have a crowd waiting for them at the door! We should hear much about their deal with Siemen's soon and their Rare Earth Elements seperation technology tests as well. Governement funding is also a sure thing soon.
Thanks for the advice! Best of luck...last post of the day for me!
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Belek Belek 10 years ago
yeah she's ok, thanks,,,,yeah I remember that debacle, the stock i got

hurt the most was in Huntsman corp. HUN but joined in a class action suit and retrieved quite a bit of funds, the Lawyer was from Philadelphia, PA.

I managed to crawl back and actually trade well over 7 figures, my tax return has become so complicated I have to hire special tax accountants.
I know a lot of people that lost lots of money during that period and many horror stories,,,,,,,,anyway,,,just keep plugging along and remember....
NEVER MARRY A STOCK


Im thinking of going 10k shares here of Geomega this week for starters


best to you
Jeff
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wz9ytp wz9ytp 10 years ago
Really sorry for your daughter, I hope she wasn't hurt too seriously. Same happens here, though. It wouldn't prevent me from going back if it stayed as is. Didn't feel threatened at all last week.

I got out of the market in 2010 after the flash crash and the Greek debacle, just started back in in April, very modestly, playing trips and pennies. Lost much with GM when they went under (I'm an ex GM employee) and freaked out in 2010 as I was on a cruise when all this crap broke out and I could do nothing about it! Tweed marijuana and Geomega are my most expensive stocks. Both incredibly undervalued I think. September should bring back much needed volume. At least I'm hoping!
👍️0
Belek Belek 10 years ago
Some of the other Canadian stocks I own are

Pacific Rubiales
Input Capital
Bacanora Minerals
Veresen Inc
Crescent Point Energy
Canacol Energy

Jeff
,,,,,$$$$$
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Belek Belek 10 years ago
As far as safe is concerned, it is starting to get worse,

my daughter works down at a local gift shoppe, the other night when she was closing she was the victim of an attempted assault and robbery
by two guys.......they threw her to the ground and tried to access the store but she screamed loud enough to thwart off the attempt, and that's outside of city limits......one of my neighbors informed us someone tried to break into her cellar the other night, and we have all kinds of junk thieves rolling through the hood lately looking for scrap..........what next, Hookers?

And the U.S. Government has the audacity to print the unemployment situation is improving? my my, such lies, if people would only wake up and fire half these politicians, we might be able to do something before its too late, or maybe that's just what we need, a full blown out war right now,,,
i rest my case,,,enjoy the day, I'm trying too.

jeff
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wz9ytp wz9ytp 10 years ago
Nuts. Just plain nuts. I'm just a couple hundred miles north of youz. Never knew anybody in foreclosure, we don't know of anybody in such bind. We do know people in financial hardship but it'll mainly be at least partially their fault. We own a small farm here, spend our entire summer on vacation with the kids. We travel to Mexico or Cuba usually but were in AC for the first time last week and thoroughly loved it. We're hoping to go back several times next summer, but will it be safe? Hopwfully. Best of luck, sir.
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Belek Belek 10 years ago
two individuals work at the casino here in my neighborhood,

One works for Showboat and he has been with them a lot of years,
he worked in the IT department, so it may not be too bad for him finding
a job, but around here it is really really tough. Last semester I went to
night school at our local community college and a lot of workers were
prepping for the lay offs, but then, so is everybody else trying to get a
little more educated, I get my courses for free under a SAGES program
(Senior Adults Gaining Education and Stimulation).

Anyway, I can see this neighborhood falling downhill lately, people just
don't have the money to fix up and Spruce up like I have recently, I'm just waiting for the right opportunity to either rent this out or sell it fast,,,and move on......where? who knows.

With the winter months coming up, things are gonna look really really
bad here..........follow the yellow brick road.............cheers
👍️0
wz9ytp wz9ytp 10 years ago
Btw...I got an email from Geomega with more info about their find. Pretty incredible find, the local governement will surely get involved, they like to through millions at mining corps around here. Go to their website for more info.
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wz9ytp wz9ytp 10 years ago
Good morning Jeff. Can't private message...I will not pay for an account here. Yes, Canadian markets are closed. Can't wait til tomorrow! Incredible what's happenning in AC, who would have thought! 8000 people will have lost their jobs when Trump closes in 2 weeks. 8000! Incredible!!!
👍️0
Belek Belek 10 years ago
Are Canadian markets closed also today?

yeah, 3 casino's closing up shop,,,,,gonna get real bad around here,,,,,
I'm fortunate enough not to have to worry, wife has a great job, son's is a Union electrician, and my daughter works part-time and doesn't have much expenses, me I'm just retired taking care of the estate.....I'm actually living in a small rancher with low taxes that I had bought as a flip and got stuck here when the market fell apart. have 3 houses that are in foreclosure in the neighborhood out of 15 houses.......its a small settlement....put $60k of my own money into this place and will be lucky if i get any of it back,,,,,
My greatest hope is some huge buyer comes along and takes out the whole
development for some commercial project as my property is considered
commercial along a major highway.......

cheers
jeff
,,,,,$$$$$
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wz9ytp wz9ytp 10 years ago
Yup...will do. And best of luck with all the layoffs in your region. And with that honey to do list!
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Belek Belek 10 years ago
ok, keep in touch, gonna sign off for awhile, ,,,,,,,

gotta lot of honey do list to do,,,

All the Best
Jeff
Atlantic city, NJ
👍️0
wz9ytp wz9ytp 10 years ago
I'm from Montreal, was in Jersey all last week. When i came back home i had the shareholder's annual report in the mail. There are warrants out at 2.06$ exp 2016 for Geomega. So i'm thinking that this should pop back up to 1$ probably before the meeting Sept 17.
👍️0
Belek Belek 10 years ago
I was just going through

Stockhouse message board, man are those guys pumped over there,,
gonna have to make a commitment here come Tuesday morning,,,,,,

sounds like a pretty good find........later
New Jersey
Jeff
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wz9ytp wz9ytp 10 years ago
Where are you from?
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Belek Belek 10 years ago
Im wondering if Geomega can make it back over a $1.00?

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wz9ytp wz9ytp 10 years ago
Canadian boards are interested, Ihub doesn't care. With the news from Friday though more will become interested. Best of luck!!!
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Belek Belek 10 years ago
dude!! I have been digging, just not sure who is left interested here,

trying to wake up a dead board,.,.....stay tuned in then.........

Gold Discovery on Anik

Highlights of this news release:

Three (3) grab samples from a large 4 m3 toppled block grading from 3.30 g/t to 10.30 g/t Au
Six (6) blocks extracted mechanically from the underlying outcrop grading from 1.00 g/t to 8.03 g/t Au
Within an important structural zone of the Guercheville/Opawica deformation corridor
All lithologies, alterations and mineralizations showcase significant hydrothermal activity
Property 100% owned by GéoMégA (claimed in 2011 and 2013)
Montreal, August 29, 2014 - Geomega Resources Inc. ("GéoMégA" or the "Company") (TSX.V: GMA), is pleased to announce a gold discovery on its Anik property located 40 km south of Chapais, in Québec. The 2014 geological reconnaissance campaign resulted in the discovery of several economic gold grades from a 4 m3 toppled block (sub-in-place) and blocks extracted mechanically from the underlying outcrop. The extensions of this outcrop, surrounded by overburden, are open. The discovery area is located within an important structural zone of the Guercheville/Opawica deformation corridor.

"The discovery of this mineralized outcrop in a sector with high potential is very encouraging. The great width of the sericite schist, surrounding the mineralized outcrop, and the presence of significant alterations in several peripheral outcrops, suggests the presence of a hydrothermal system favorable to gold mineralization. Extensions of this mineralized outcrop are promising. Geophysics, geochemistry, mechanical stripping and channel sampling is scheduled in September to improve our understanding of the mineralized system and define the best targets for a first drilling campaign." comments Alain Cayer, Vice-President Exploration of GéoMégA.

CLICK HERE for details of the gold discovery on the Anik property (maps and pictures).

The lithologies, alterations and mineralizations found in the sector are extensive and showcase significant hydrothermal activity in this portion of the Guercheville/Opawica deformation corridor. Ultramafics, mafics, sediments units and felsic dikes are among identified lithologies. Alterations found are sericite, ankerite, silica-quartz, talc, tourmaline, fuchsite and green and black chlorite. The mineralization consists of traces to 10% disseminated pyrite or locally in veinlets and traces of chalcopyrite. Generally, they are associated with silicification and ankeritisation within a wide zone of sericite schist.

"The geological team has done an exceptional job given the limited budget available. The sector, well known for its gold deposits, is very active since last year with IAMGOLD Corporation (Monster Lake) and Vanstar Mining Resources Inc. (Nelligan). Alain, member of the team awarded the 2005 Canadian prospector of the year award for the éléonore gold discovery, will direct the first drilling campaign once the preparations are completed. A small financing is expected for the drilling campaign requirements." comments Simon Britt, President and CEO of GéoMégA.

About the Anik property

The Anik property is located 40 km south of the town of Chapais, in Québec and consists of 144 mining claims covering an area of approximately 7,382 hectares. The project benefits from a permanent access, public infrastructures and an experienced workforce in the immediate vicinity.

The sector is well known for its numerous gold ore bodies and deposits (Joe Mann Mine: 1.5 Mt at 11 g/t Au, Lac Meston deposit: 1.2 Mt at 6.25 g/t Au, Philibert deposit: 1.3 Mt at 5.32 gt Au) are all found within 7 km of the discovery outcrop.

The Company's website will be updated during the month of September.

Corporate update

A corporate update via news release is expected during the week of September 8, 2014 in preparation for the Annual General Assembly on September 17, 2014.

Claim acquisition

The Company signed on August 26, 2014 a purchase and sale agreement with an arm's length party (the "Vendor") to acquire from Vendor a 100% interest in one claim contiguous to the Anik property. In consideration for this claim, GéoMégA has agreed to pay Vendor a cash payment of $2,000 and to issue to Vendor 30,000 common shares of GéoMégA which will be subject to a hold period of four months and one day from the date of their issuance.

Closing of this acquisition remains subject to the approval of the TSX Venture Exchange.

NI 43-101 Disclosure

Alain Cayer, P. Geo., MSc., Vice-President Exploration of GéoMégA, is the Qualified Person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.

All samples have been assayed at the ALS Global laboratory in Val d'Or by standard fire assay followed by atomic absorption and by gravimetry if results are greater than 0.50 ppm Au. A multi-elemental analysis by aqua-regia and spectroscopy (ICP-AES/MS) will be realized at the ALS Global laboratory in Vancouver, for each sample. Quality controls include systematic addition of blank samples and certified gold standards to each batch sample sent to laboratories.

About GéoMégA (www.geomega.ca)

GéoMégA is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Québec. GéoMégA is committed to meeting the Canadian mining industry standards and distinguishing itself with innovative engineering, stakeholders' engagement and dedication to local transformation benefits.

50,401,283 common shares of GéoMégA are currently issued and outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Simon Britt
President and CEO
GéoMégA
(450) 465-0099
info@ressourcesgeomega.ca
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wz9ytp wz9ytp 10 years ago
News from Wall Street Journal: http://online.wsj.com/article/PR-CO-20140829-922035.html
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wz9ytp wz9ytp 10 years ago
Here..let me help you out: http://www.stockhouse.com/news/press-releases/2014/08/29/geomega-resources-inc-gold-discovery-on-anik
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wz9ytp wz9ytp 10 years ago
Dude!!! So much better news out. Keep digging!!!!
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Belek Belek 10 years ago
Geomega Resources (V.GMA) up 42% on CIBC block trade

Shares of Geomega Resources Inc. (TSX: V.GMA, Stock Forum) jumped 42% Wednesday, a move that sparked plenty of chatter on Stockhouse bullboards.

In the absence of news, the consensus was that the stock was driven higher after CIBC World Markets traded a block of 60,000 shares at between 32.5 cents and 34 cents late in the session.

Geomega is a name that has frequently been featured by Stockhouse TickerTrax columnist Danny Deadlock. As noted by Danny, GeoMega is working to prove up the commercial viability of new technology for the separation of rare earths, a process that is currently dominated by China.

In addition to the technology, GeoMega is developing its 100%-owned Montviel Rare Earths elements/Niobium project in northern Quebec. The project covers 12,000 hectares and is accessible via a network of logging roads.

Trading at 34 cents, GeoMega has a market cap of $17.1 million, based on 50.4 million shares outstanding. The 52-week range is $1.06 and 7.5 cents.
Read more at http://www.stockhouse.com/news/newswire/2014/08/27/geomega-resources-(v-gma)-up-42-on-cibc-block-purchase#A2grvGQb8bXtoS8c.99
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Belek Belek 10 years ago
what's up futrcash?

watching GeoMega closely,

your friend?

jeff(aka-dealorfx)
best
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