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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 Theworld4Takingon Apr 13, 2017 9:36am
113 Views
Post# 26117052

RE:RE:RE:RE:RE:Need a NR.

RE:RE:RE:RE:RE:Need a NR.Good post totally agree. I think we can all say we are bit annoyed with the wait games. I think now the anticipation of that one news release that bust this thing wide open is getting the best of us. so many positives going on. only nagative going on is the wait.

Positives that I can see are:

Warrants and options are only 9 mil ( we know some companys have so much paper crossing the table that SP never increases) 

Money in the Bank NO DEBT!!!!! (of course we don't know what that long awaited concession will cost us, if happens) But we have been told its the number one in the area, if there is a number one than there is a number two.

The reporter that interviewed Jean recently compared us to Dynacor gold mines. 52 week range of $1.86- $3.71. they do 3X our projected threw put and have Half the float as us but their latest financials show  Gross operating margin of $12.1 M (13.3%) with a yearly net income of $3.3 M ($0.09 per share) Will ours beat that? I think so.

We are in great shape, we just have to WAIT I guess.
Bullboard Posts