Glen Eagle Resources Inc V.GER

How does JEAN.............

[ggrellette]

say this will be beneficial to shareholders.................................


Glen Eagle further announces that the first payment of $500,000 dollars under the Option Agreement has been made by First Phosphate Corp. Two more payments of the same amount are due on October 17, 2022 and on February 17, 2023. The Company remains confident that the transaction will be highly beneficial to its shareholders based on 6,000,000 shares that the Company will retain within First Phosphate

Once again the shareholders here get NOTHING from this sale.

[lapiastre]

and i think they applied for listing with something like pennies ?! Isn't it .25 cents ??

[Scanner454]

2nd. qtr. mda should be out in the next little while........will it help or hurt shareholders?....better  question is how is the plant running and what is the grade being recovered?...any takers?

[lapiastre]

more of the same. Why should it be any different ? They gave away phosphate and now you think they won't give away honduras ? Prove me wrong.

[Scanner454]

would they or could they get the money to develop moose lake?....they spent roughly a hundred grand in total to acquire moose lake and the additional claims and if the deal goes through to finish glen eagle can potentially recieve one and half million dollars plus the potential value of the shares of the acquiring company...now, if they can get the mill cash flow positive would that not be good

[lapiastre]

actually, this is close to a worthless deal, and i still wonder how the hell is this good for shareholders. We are all going to be dead before anything happen on moose lake, but time will tell. They better aligned their ducks down in honduras imo, otherwise this is doomed.

[Scanner454]

a worthless deal....they already have recieved 500 hundred thousand dollars....man that is worthless!

[lapiastre]

500k ? Lolll....get ready for more air shares imo. Then you tell me what value it is after seeing how they manage that money. BTW, beware of their twitter feed PUMP. This is from august 1 ; ''We $GER should have an interesting month as well. expecting a bunch of updates this month. Stay tuned.''

[lapiastre]

i recall the 4m deal from authier litium prop....and now i ask myself how does it translate in shareholder value when market cap is at its lower ever ?? And this was for a 4million dollars. They would've put this in any kind of investment product with barely 2-3 % return and it would.ce been a better move up to date. Now maybe the ''last minute'' quarter report will prove me

[lapiastre]

+++ they told shareholders few years ago that there would be a plant evaluation done by a professional team. Where is that ?