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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 blobboyon Feb 10, 2016 1:03am
69 Views
Post# 24542599

RE:RE:RE:RE:STILL NO INTEREST

RE:RE:RE:RE:STILL NO INTERESTI agree with you guys, penny swings with this one are more than 10% gains and in todays "traders" market most are in and out in a heart beat to book that 10% gain. Maybe the market is waiting to see some solid numbers from GER, risk taking is dead and solid confirmation is required before investors will give GER the green light. Being mired below a dime sure doesn`t help and the fast moving money-casino mentality of the majority of todays traders only compounds the problem. Five years ago GER would be trading well over 50 cents if it was doing then what it is doing now. The realities of the new market place are what they are...an incredibly tough environment for companies to maintain market cap. Lots of good solid companies getting pummelled, but the producers will survive and come out the other end. GER has been around for awhile and has managed to keep it`s nose to the ground and trudge along...sure the s/p has been creamed but who`s hasn`t. Realistically I think GER will survive the current malaise and although it will take some time there should be some reward, could be a heck of a long wait but maybe a guy should just keep buying the dips and fortifying his position. a tad risky at this juncture - sure, but if it can get above a dime and stay there I think it will be okay. But, damn...that`s almost a double from here and you can bet the day traders will be all over the sell button again if that was to happen. So I think you have to adjust your style and beat them at their own game, again it re-inforces my approach that buy and hold is dead except for the old school value investors. GLTA
Bullboard Posts