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Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an... see more

OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > Start adding now
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Post by Lowcapmocap on Jan 18, 2021 9:56am

Start adding now

I think now that we are at $1 levels it's a good buy. Dips up to .80 could happen but I'd take those as a gift and not a promise. Even if projected revenues aren't realized, it should be a good year for the stocks liquidity if we go NYSE this year.
Comment by Stocks6427 on Jan 19, 2021 6:33pm
no rush to add here. Closer to .70 cent mark or after the reverse split is time to add
Comment by Lowcapmocap on Jan 20, 2021 2:21am
Maybe, but cost averaging from here seems to be a better bet imo. Your target is better if you're bearish on gold. Also we all know a RS is going to happen, but nobody knows exactly when so waiting for it seems pointless especially when it likely to precede the NYSE listing (which is a bullish event). Gold is likely to be higher at that point
Comment by huesos on Jan 20, 2021 8:38am
There seems to be agreement here on the rollback. Why? Price descent to support at 1.00 confirms that something is up. Break this support and .70 price target is next. Once acheived, is there any reason to beleive that it will stop there.
Comment by ElyGold2019 on Jan 20, 2021 10:07am
To clarify, a rollback of the shares would only happen in conjunction with a NYSE-American listing which would require a minimum US$3.00 initial stock price. The benefits to this listing should far outweigh the negative perception associated with rollbacks. This will not happen until Q2 possibly Q3 2021. Trey
Comment by feenewbie on Jan 21, 2021 2:57pm
I personally don't see $0.70 - perhaps a gap fill at $0.91ish before heading back up.  IMHO gold price/bad news, etc.,  would have to happen for it to fall that sharply (but never say never, lol). 
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