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.

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Glen Eagle Resources Inc > Eric Sprott to the Rescue

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Comment by aryckson Mar 13, 2021 4:42am

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Post# 32792013

RE:RE:RE:RE:Eric Sprott to the Rescue

Interesting development indeed.

Few notes on my side

1/
I was surprised by the total amount of Shares Eric Sprott is holding.
13,118,182 shares make him one of our largest shareholder.
This is good and his support gives some signs of hope.

2/
Curious why GER raised money while they raise 600k USD not long ago from Palisades Goldcorp. They are burning money fast and this is not good imho.

3/
Regarding GEM lawsuit, this is a good sign in my opinion.
It just means they perceive that these warrants have some values even at a strike price of 0.14.

4/
Last comment regarding GG. I find it actually understandable some shareholders are bitter and negative.
We all agree management has underdelivered on their promises and GER has been a BAD investment.
On my side I have been a GER shareholder since 2010 (11 years!!) and regret not having sold in 2012 at 0,60CAN….
So, let’s try to bring valuable info to this board.

I fully agree with Sapiens. I would also never recommend to buy Glen Eagle but for the current shareholders (= us), let’s not sell at these levels.

Good luck to all,

Arycks

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