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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

Metals & Mining Industrial Metals & Minerals
Glen Eagle Resources Inc. is a Canada-based small producer and an exploration company of precious metals in Canada and the Central America area. The Company is engaged in the acquisition, the exploration and the evaluation of mining properties. The Company operates in two segments, which are the exploration and evaluation of mineral properties in Canada and recovery of gold and silver from tailings and rocks in Honduras. Its phosphate property (Moose Lake) is located in the St-Jean Lake area (Quebec), approximately 150 kilometers (km) south of Lisette Lake. Its La Cobra property is composed of one claim covering about 775 hectares (ha) and located in the Valle Department, Honduras. Its Piedra Dorada and La Moloncasa properties are located about 164 km south of the capital city of Tegucigalpa in Honduras. The properties are located 17 km to the east of Choluteca where Glen Eagle operates gold mill. The Piedra Dorada and La Moloncasa properties cover an area of about 1,000 ha and 400 ha.


TSXV:GER - Post by User

Glen Eagle Resources Inc > Sprott has a position in GER
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Comment by aryckson May 28, 2021 7:19am
55 Views
Post# 33284507

RE:RE:RE:RE:Sprott has a position in GER

RE:RE:RE:RE:Sprott has a position in GERI think Jean is good at selling dreams... and some investors are still buying these dreams.

On my side, I have been holding 400k shares since 2010 (0.15$ average cost) and this has been a very bad investment. Same investment in Tesla would have made me a millionaire.. 

So let's wait and see.. I do not count much on GER as I do not see why this time the execution would be better than the last times. CEO is just not capable.

Only reason I am keeping the shares is because Gold prices are rising and my belief is that juniors will have their time soon. Price will increase for sure - not because GER is doing great in execution - but simply because the market will look for some attractive stories; for sure Jean can sell such stories...

Good luck to all,

Arycks



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