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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 Mar 28, 2013 1:54pm
201 Views
Post# 21181633

TECHNICALS LOOK GOOD FOR GER

TECHNICALS LOOK GOOD FOR GER

AS DO SECTOR FUNDAMENTALS....I agree it is hard to apply technical analysis to venture exchange stocks. However, technically speaking...it sure was an easy pick after last years tax loss selling season abated to catch a quick 50%.  I got a little ahead of myself calling for a strong base in the low 30`s after that quick ascent, as we did sell off to a tad lower, but it sure bounced back to support pretty quick in and around here at 30 - 31 CENTS. Moving forward I see my prediction of the next rung in the ladder - a mid 30`s base - ringing true, sure my timing was off a bit but we all know how difficult it is to time Mr. Market. Current chart looks "GREAT" in my opinion as base building strengthens, next news takes us to resistance in mid 40`s and then the process repeats itself up to the $1.00 range. I hold and trade withy my GER position, on my wins the trading position re-inforces the core holding. I don`t claim to get it right all the time, but lately between trading some GER and a few others I have managed to add to my core position in GER while keeping the trading funds on an even keel. I am confident GER will continue to impress in a difficult market, especially in light of our non dilutive approach to advancing our projects. SS 

Bullboard Posts