Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

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.

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Glen Eagle Resources Inc

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Comment by ss1867on May 23, 2013 11:52am

80 Views

Post# 21432172

RE: RE: RE: RE: RE: BRING ON THE GOLD!!!!

I hope so, I have sold 1/2 my position since the beginning of May. Still sitting with a tad over 100K with average price of about 19 cents. I have never done well on any precious metal company that is doing business in the centreal Americas so I am leary about why we need to shift gears and get involved with such. Sounds like cash burn to me.....I wonder if management is straying from their anti-dilutive approach to the share base. Any idea as to the quantity of gold we may extract and the cost per ounce ? Management must have a good idea as to what is obtainable so why not let the shareholders know ?

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