NYSEAM:GROY - Post by User
Comment by
FastFFon Feb 15, 2022 1:59pm
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Post# 34430848
RE:OUCH! ELE just embarrassed GROY with 13 reasons to reject!
RE:OUCH! ELE just embarrassed GROY with 13 reasons to reject!
The problem with ELE arguements is
1) the stock did nothing but go down after listing, so obviously investors didn't see the near-term potential ELE claims, or have that much faith in management. Price is Truth.
2. Bigger/better royalties like FNV and WPM significantly outperformed over the same time period. Fact.
3. Management owns only 15% - better for them to keep the steady paycheck coming, than out looking for jobs.
4. The GROY agrument that bigger is better is valid. Even if they are 'stealing' ELE shaeholders will do better if GROY becomes a 'go to' name - ELE has zero chance of getting big institutional money at this size. None. Nada. Zippo.