Post by
Shylockreturns on May 17, 2021 5:24pm
Ely Gold Royalties is putting in a nice base
from which to launch to far higher levels.
Of all the gold and silver royalty companies now in this space, Ely has the greatest promise because it has the most affordable price paired with the highest quality royalties.
As the price of gold continues its upward path with the occasional minor reversal, which is healthy, Ely will continue to ascend in price. We have seen $2.06 and we will see it again. Only this time, the price trek will continue up and I would not be surprised to see twice that price this year.
Ely is a far better buy than the much-hyped MTA. It is a better buy than MMX. It is the best buy of all the major gold royalty streamers.
Still very reasonably priced - but not for a lot longer - I would not wait a long time more to get my fill of this one.
Trey needs only to continue to seek out and acquire high quality and reasonably priced royalties, not overpaying and not buying in problematical jurisdictions.
We also do not need a reverse split to get on the NY boards which are being propped up by pouring trillions of worthless fiat into them to keep them breathing. The fact of the matter is that they are on life support given the economic disaster Sleepy Joe is making of America.
Indeed, that is no sane long-term strategy and we need not be associated with any of that foolishness. The NY bourses are being artificially propped up and that fact is becoming more and more obvious as the ludicrous P/E ratios bear no logical connection to the country's dying economy where not working pays more than working. That is not a sound long-term strategy for economic health.
Trey, keep your hand on the wheel and continue the strategy that brought you to the dance for it is a winning strategy.
Great good fortune to all.
Comment by
cyanide5 on May 18, 2021 5:23pm
Shylock, I have a big holding in this one but it is trading extremely week for last 5-6 months. Even with gold above 1850 now we can't seem to get back on the uptrend. what makes you say this is the best value in streaming out there? MTA for instance has had solid gains in this golds uptrend. So has the bigger companies like OR and SSL.
Comment by
Shylockreturns on May 19, 2021 3:59pm
cyanide5 - I also have a big holding in this one. I say it is the best value because of its price; it has not moved yet. It is cheap but with excellent royalties. A shareholder will get far more bang for the buck when it does move. The best of fortune to you.