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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 ss1867on Feb 19, 2013 5:33pm
117 Views
Post# 21012612

RE: RE: RE: South and Central America visits

RE: RE: RE: South and Central America visits

I too very much doubt a retracement to the low 20`s, but right in around here seems right. Not a whole lot of conviction in the selling, a few weak hands perhaps but that`s about it. But then again not a whole lot of conviction to the buy side neither.  Looks to me as if the next step in the ladder is nicely forming and from here we base sideways for awhile as the market waits and watches to see if the gains of early 2013 will hold. I for one am very glad to have purchased the vast majority of my holding in the 19 to 21 cent range at the end of last year when TLSS was in full swing. That was a pretty easy call for a quick 50% gain, cheers to the others who saw it aswell. Our little pull back is perfect, it`s called consolidation. Looks like the SP might touch the MA, this is the definite bottom of this phase of consolidation and the next major buy signal. Then we go higher and set a new floor in the mid to high 40`s....IMHO, SS

Bullboard Posts