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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
Post by ss1867on Jan 22, 2013 9:37pm
144 Views
Post# 20875326

NICE CONSOLIDATION

NICE CONSOLIDATION

On a high volume day shows great support for a new floor. One of the most bullish signs you will ever see is when a ceiling becomes a new floor, granted we never saw much of a ceiling on this one on the way up. Perhaps this short consolidation is a mere step as we continue higher to real support in the mid 40`s. This would represent a 30% positive differential to todays strong buying and in my opinion seems very likely...and it may happen alot sooner than anyone thinks. Today saw some decent profit taking and it also cleaned up alot of shares from holders who are willing to settle for less. That was a very positive NR today and it may take a few days for it to really sink in with the investment community. Sector fundamentals also look very bullish at the present time. One of my other picks CIO.V also did exceptionally well today....too bad I sold out a little early on that one but regardless it allowed me to pad my GER holding considerably. CIO.V warrants a look and in my opinion may offer a nice reward if you can get it on a pullback from todays action. I now have the largest GER position I have had in the last 3 years of the old in and out approach. GER looks very strong here, both fundamentally and certainly from a TA perspective. GLTA.....SS

Bullboard Posts