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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 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

Glen Eagle Resources Inc > Sprott has a position in GER
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Comment by aryckson May 28, 2021 7:19am
64 Views
Post# 33284507

RE:RE:RE:RE:Sprott has a position in GER

RE:RE:RE:RE:Sprott has a position in GERI think Jean is good at selling dreams... and some investors are still buying these dreams.

On my side, I have been holding 400k shares since 2010 (0.15$ average cost) and this has been a very bad investment. Same investment in Tesla would have made me a millionaire.. 

So let's wait and see.. I do not count much on GER as I do not see why this time the execution would be better than the last times. CEO is just not capable.

Only reason I am keeping the shares is because Gold prices are rising and my belief is that juniors will have their time soon. Price will increase for sure - not because GER is doing great in execution - but simply because the market will look for some attractive stories; for sure Jean can sell such stories...

Good luck to all,

Arycks



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