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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 Apr 04, 2013 12:18pm
84 Views
Post# 21210906

RE: RE: Deam team

RE: RE: Deam team

I think an integral part of the plan is to enhance awareness of our projects while targeting  American investors. With recent management appointments and recent accumulation from American investors this seems obvious....so when the time comes ie: 6 months from now, and CLQ is ramping up to be a producer and or possible take out target, GER will look very interesting indeed. Now I never buy a stock hoping for a take out but this is one scenario I envision. Perhaps advancing our projects is another consideration or possibly leveraging them to acquire new concessions. Again all speculative on my behalf...however, I like the sector and I like the technicals of GER. A lot of investors will say applying TA to juniors is useless, I disagree. To me anyways the chart is telling the whole story here...,.new base forming in low 30 to mid 30 cent range---a nice 50% move off last years close. I`m confident the next NR will propel us higher, whatever it may be is anyones guess. But with no less than 12 NR`s in the last year I highly doubt management will abonden it`s approach to keeping the market updated with positive developments. As trepidation seeps into the market and especially the commodity space---China slow down, biggest glut of oil in over 20 years, global uncertainty, etc.etc. , perhaps we will see general market weakness as "Sell in May & Go Away" kicks in...if it does. A few years back if you made this bet you would have missed a significant rally. Will this year be different....Who knows ? Presently GER is holding up very well and I am more than happy to watch it solidify a strong base over the next few weeks - month or so as I continue to accumulate through my swing trade approach. To me the most bullish sign of them all is when an old ceiling becomes a new floor....GER appears to be setting up very nicely here...however I will be the first to admit that my crystal ball can be pretty cloudy at times, therefore I have a reserve of dry powder just in case...you can not be too cautious in this market. If you watch CLO.T..which is heavily weighted to the oil sands you will see the relative weakness in oil moving forward, the peak at the start of 2011 and subsequent decline represents the real start of controversy over the Keystone pipeline, environmental and over supply concerns creep into the picture. With yesterdays news about oil reserves being at 22 year highs I think we will see CLO.T continue to drift lower. With fracking technology apparently the world and especially North Americais is awash with easily extractable oil and gas. Expect more weakness in the oil complex moving forward with global economic weakness and over supply...THIS MAY BE THE CAVEAT FOR THE LITHIUM SECTOR....but I believe it is far to late to turn back the environmental clock and even with over supply of oil and prices trending lower, lithium will still be the power source of choice moving forward. GLTA.....SS

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