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.

TSXV:GER - Post by User

Glen Eagle Resources Inc

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Comment by nohype7on Jun 07, 2019 7:06pm

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Post# 29807789

RE:RE:Constantly running out of money...not a good sign.

So, he's making $10,000 - $12,000 per month while the company continues to lose money every month.

After all of the new parts and equipment being installed, this is not what I had expected by now. Things are going backwards...not forward.

For the past six months, he's had to borrow money and issue shares as collateral to keep GER running.

He should give up his pay until the company is back in the green.

Just my two cents.

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