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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 nohype7on Aug 15, 2016 6:57pm
101 Views
Post# 25144033

RE:RE:RE:RE:RE:Like I said

RE:RE:RE:RE:RE:Like I saidWell said, Ortho. Well said.

I've been trading on the Venture Exchange for over 20 years and I can tell you that PATIENCE is everything. Just to give you a good example, back in 2010, I purchased another stock called American Manganese (AMY.V) at .30 cents and it went up to $1.15 within six months. But then it gradually sank to around .02 cents by 2012. It's been that way for the last four years (sound familiar?).

Anyway, AMY has now jumped from .02 to .25 in the past five days! (That's 12 X's its base price) THAT'S HOW FAST THESE VENTURE COMPANIES CAN MOVE ONCE THEY REPORT GOOD NEWS.  

And I fully expect GER to have the same kind of explosion (12 X's its base would be 12 x .12 cents = $1.44/share) once they secure gold-bearing properties and start processing their own material. And if gold hits $1500/oz there's no telling how high GER will go.

Bottom line is this...

Eagles were born to fly high and rule the sky. And yet, sometimes, they have to come back down to earth and rest awhile...as in .02 cents per share. But that's just because they have to eat some turkey to regain their strength. Once they've had their fill, they climb higher than before. 

Sit back and enjoy the ride. This eagle is getting ready to fly again.

Cheers!
Bullboard Posts