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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 > Just a thought
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Post by Leopaul01 on Dec 14, 2022 8:35pm

Just a thought

 Good evening, A nice gesture Mr. Sprott. But he's smart, I'm just thinking out loud... By donating shares, he can probably recover losses on his next taxes. If so, it smells very bad for us simple shareholders. My opinion is worth any other opinion
Comment by lapiastre on Dec 15, 2022 2:31am
No. His foundation is run by himself, and this entity need to declare what is been giving to them, wich is the value of 6m shares of GER (120k). Then, since it is a foundation, they can profit from the increase in sp of this donation, tax free. The same is done all over with many other. The Gate foundation is just an example. Other then imminent increase in share price, i don't see the ...more  
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