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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 GoldenOrbon Oct 19, 2017 5:05pm
79 Views
Post# 26833835

RE:RE:RE:RE:RE:RE:It’s about Time

RE:RE:RE:RE:RE:RE:It’s about Time       This company, given the long, long wait some of us have had, should not have PRed possible dividends.  It's not in ours or the company's best interests at this point.  Cart before the horse so to speak.  We will all far greater benefit when the final upgrades are complete & the mill is processing 120 to 200 t/d.  Also the cost to do the 43-101, dilling La Cobra, assaying dumpsite ore & hauling to mill.  Plus community outreach & cooperative local working peoples' agreements need to be in place.
        What we need first & foremost is cash on hand expansion & with that the funds to pay for all the prep work that has to go into proving out La Cobra and the several other sites that Jean has discovered with large deposits of tailings within the vicinity of La Cobra.
         It will also take time to fine tune the Mill's processes to recover the 90%+ yield.  Also the dumpsite at La Cobra has to be surveyed & possibly drilled to hone in on the high grade (6 to 12 ++ g/t) ore to rapidly increase "net Profit".  All this would be a more feasible use of cash then (at this time) dividends  This dividend PR actually can hurt rather then help the PPS, especially when they decide that it was a poor decision to even bring it up at this point, in the first place.

Bullboard Posts