OTCQX:ELYGF - Post by User
Post by
lookslikeawinon Jan 23, 2020 7:57am
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Post# 30587512
Join the dots to see where ELY is heading
Join the dots to see where ELY is headingEric Sprott owns 20 % of ELY along with his partner Rick Rule who also owns 20%.
E.S just increased his position in WM from 121 Million shares or 21% of Wallberg by adding another 10 Million shares Jan 3rd 2020, moving him to 131M shares or 23%
So the boys own 40% of ELY and control that huge Quebec mine that WM's owns 100% of.
They now have control of Wallberg.
Currently ELY owns 2% NSR of Wallberg.
Will ELY now increase its position in WM?
I'm guessing the boys are not happy with the current VERY LOW Market Cap of ELY and now may be motivated and able, to do something about that.
I'm just thinking out loud too. :)
We'll see.
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Dec 19 2019
As a result of the acquisition, Mr. Sprott now beneficially owns and controls 124,354,063 Shares and 2,500,000 warrants representing approximately 21.2% of the outstanding Shares on a non-diluted basis and approximately 21.5% on a partially diluted basis assuming the exercise of all warrants.
Jan 3rd 2020
Day Construction has sold to Eric Sprott (through his holding company, 2176423 Ontario Ltd.), by way of a private agreement, 10,000,000 outstanding common shares (the "Sale") representing approximately 1.7% of the outstanding shares of Wallbridge Mining Company Limited ("Wallbridge" or the "Issuer").