Glen Eagle Resources Inc V.GER

I am worried !!!

[Leopaul01]

 Do you think it will be bankrupt in the near future? If not, what is the problem?

[EarsOfADonkey]

I do not think they will go bankrupt in the near future ... could they one day - yes, but not this year.  Only 6 months ago in Setember 2020 they were able to raise $ 887,000 from ( $600,000 from Palisades GoldCorp & $ 287,000 from other raise), so some people must think GER has something left in the tank, or up their sleeve.  I would think they have gone through most of that by

[EarsOfADonkey]

I looked a little further and in the finacials they have 2 term loans due for repayment on April 30th, 2021. 1 for $ 150,000 2nd for $ 100,000  Not sure if they are able to extend refinance this $ 250,000 of debt owing within next 60 days or not? Hopefully so, as not sure they will have the cash flow to pay it?

[ggrellette]

POG up $35 bucks or so today depending when you look at it. I would be very worried. 

[lapiastre]

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