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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 approxiamtely 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 a 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

Post by ggrelletteon Mar 26, 2021 3:51pm
81 Views
Post# 32888126

Does the SP add up to ALL the NR's....

Does the SP add up to ALL the NR's....@ a bid of 5 cents. No it does not, so it goes even lower and thus making many here bagholders now including ES. I guess the bagholders will have to average down NOW. I say it could hit 3 - 3.5 cents if someone is looking to step in to buy who may not have a position yet. Go read ALL the NR's and I am sure your first impression will be BUY, BUY, BUY and then suddenly u realize why is the share price so low, gift from the market........not likely, market over looking this one.......not really or is the market saying we do not believe a word that comes from JEAN'S mouth. 

I know one thing for sure that if they can FINALLY execute the operations at 80 to 120 ton per day the market will reward this company with a higher share price. The execution will be rewarded with a share price of 50 to 75 cents if shown to be consistent, not a one off. So that is the upside for the share price and every shareholder would be estatic should that happen in 12 months or so. Downside of the share price it goes to 0.005 to 1 penny. 

This is high risk with possible reward but EXECUTION is required or........................


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