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Bullboard - Stock Discussion Forum 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... see more

TSXV:GER - Post Discussion

Glen Eagle Resources Inc > Quote from CEO
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Post by lapiastre on Jan 12, 2022 8:28am

Quote from CEO

27 november 2020.... ; '' To have succeeded in doing all of the above with less than 70 million shares issued over the last 13 years is evidence that the corporate strategy behind Glen Eagle has been protective to its shareholders in terms of assets, common shares dilution and spending.'' And now we stand at 135 million outstanding shares only 1yr and a half later ?! Something is wrong here, and easy to see. It's sad that it turns out to be that way. Sucking shareholders wealth is not protective.
Comment by Scanner454 on Jan 12, 2022 9:59am
gold trading at 1820 an ounce and the sp about to hit 6 pennies on the bid....this company is not the one for the faint of heart i believe.......sapien wrote that he wold not sell this company for under 30 pennies.....he might want to re-think this one?.....is the plant operating?
Comment by Sapiens on Jan 12, 2022 4:00pm
Scanner454 I was offered to take part in the private placement price of 0.07 per unit. Sold all my 600k shares that I already owned at an average price of 0.14 So right now I own much more shares than ever before and have an average price of 7c and warrants of 0.085. So answer your question. I will not sell my holding in the company below 0.30
Comment by Scanner454 on Jan 12, 2022 9:21pm
good for you!
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