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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation program. Its La Cobra property is composed of one claim covering approximately 775 hectares and located in the Valle Department, Honduras. It has three areas of interest for lithium, in the Lebel-sur-Quevillon area: Lessard property, Perigny property and Nicobi property. The Nicobi property is characterized by a one km long lake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium. The Perigny property is characterized by seven km long lake-bottom lithium anomalies varying from 19 to 26 ppm of lithium. It is also looking for exploration and evaluation activities located in Quebec, Canada.


TSXV:GER - Post by User

Bullboard Posts
Comment by num1on Jan 18, 2012 9:45pm
128 Views
Post# 19419981

RE: UBIKA is a Paid Advertiser....

RE: UBIKA is a Paid Advertiser....

There could be lot reasons why they didnt drill the high grade zones.  Heck, DAN is at a $1 now.  Even if GER had reported grades close to DAN, I believe we still be sitting with the same SP.  Lot of companies that are reporting good results are not having it reflected on the SP.

I am just not even sure if the SP is down due to the grades, I mean it was already down way before they released the news.  The market is horrible for junior stocks now.  I am pissed as you but it just doesnt add up.  Remember this stock was at 60 cents and dropped to 30 cents and it went back up again to 60+ cents.

Why did it go back up and down at that time?  The obvious answer is the fear in the market overall.

The CEO could have sold lot of shares in the 60s instead of 50K shares he dumped if he didnt believe in the property.

We will have to wait and see the next drill result to know if we got played or not. 

 

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