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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 Jul 10, 2019 10:22am
80 Views
Post# 29903589

RE:RE:JEAN U need to step down or be ousted.............

RE:RE:JEAN U need to step down or be ousted.............No. I'm convinced that they have the support of the governement and of the local people. The country is desperate for jobs and GER is providing them with a solid income. 

The problem (as I see it) is that Jean appears to be raping the company.

First, borrowing hundreds of thousands of dollars to ensure that he gets his monthly paycheck...and  second, he has now issued almost 1.5 million options at .105 cents. Heck, at that price, it allows him to cash-in his options the minute the share price gets to .11 cents.

Why would anyone buy shares knowing that there are almost 1.5 million options that are ready to be sold into the marketplace?

The BIG question is...why is he doing this now???

Something else is going on.

Just my opinion, of course.
Bullboard Posts