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ASX $63.64

glen eagle resources

  1. chooch

    952 Posts.


    Fairly new listed gold company. Appear to have some good prospects with cash int he bank and active drill programmes at Fortrum and Wallbrook(80%) jv with Jackson gold(20%) free carry.

    25million shares on issue. Top 20 hold 48% plus.
    $6,263,843 in assets of which $2.4mil is cash. Plant and equipment make up the rest.

    Recent drill results at fortrum and wallbrook were great.
    Good looking company that might make a move in the coming weeks as further results come out.

    cheers chooch...

    PS. I had to put the code as ASX but it is GLN.

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