Glen Eagle Resources Inc V.GER

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[lapiastre]

You see things as being dreadful, but after all it is the better quarter they ever had, if you take out they one time legal matter. But even with GEM mater, they stiil managed to have a net gain of 320k. (comprehensive gain of 479k) WAYYY better then any other quarters before. Not even comparable. Something like 200% increase from last quarter wich was a 360k lost, and 400% increase from last year wich was a lost of 950k.

[lapiastre]

All in ! Lolll....

[lamothze]

The reason they have a net gain is During the quarter ended September 30, 2022, a net gain of $320,026 was recorded compared to a net loss of $956,924 for the same period in 2021; the variation is mainly due to a gain on the disposal of Exploration and Evaluation asset, Lac Moose property, for $2,312,030 during Q3-2022.

[lamothze]

For a ballpark comparison with other quarters, I remove this 2,3m for Moose Lake and the -1,2m for GEM and you have a net lost of around 700k. Xmas list: - Find some decent ore feed - Figure a way to deal with GEM. Unlock cash for Honduras operations? - First Potash listing is succesful and price goes up - Inform shareholders when the plant is running

[lapiastre]

I look at quarter to quarter improvement on the balance sheet, while keeping a mid-long term view on the business. The gain from moose lake is NOT a one time event, as GER still have a 17% ownership through shares, but GEM legal event IS a one time event. Considering that they curtailed production because rainy season AND poor graded material (wich would use the newly repaired cone crusher for