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Eagle Royalties Ltd T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties Ltd. is engaged in holding royalty assets. The Company holds royalty interests in approximately 35 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds and industrial minerals. The Company’s portfolio includes the flagship AurMac (McQuesten) Royalty that overlies a portion of Banyan Gold Corp’s gold discovery at their AurMac Property located in the central Yukon Territory. Its Schott's Lake Royalty, George Lake Royalty and Knife Lake Royalty are situated in Saskatchewan, Canada. The Eskay Creek Royalty is situated in British Columbia, Canada. Its other royalties include Acacia, Adamant, Albert Lake, Axis Lake, BC Mas, Beaven, Black Diamond, Black Water Regional, Brownell Lake, Cathro, Coyote Creek, Cup Lake, Elsiar, East Goldfield, Fort a la Corne, Dianne Lake, Hanson North, Hot Punch, Hunter Basin, Manson Bay South, Kalum and more.


CSE:ER - Post by User

Comment by goldhunter11on Jul 12, 2017 12:33pm
150 Views
Post# 26460442

RE:RE:RE:Goldcorp has sold

RE:RE:RE:Goldcorp has soldLet's hope that IR has read the comments on this board and learned a good lesson on proper communications with investors. Perhaps IR and the CEO should be made aware of the comments.
If the information is factual there should be no need to use those filler words like "as far as we know" (of course, they know). They could easily put in a "footnote" on Slide 5, the list of major shareholders, just like the notes they put in for "new" shareholders in the June 2017 Presentation.

Suggested wording for the Footnote: "Goldcorp (and any other major entities) have reduced their holdings to nil (or any appropriate amount)".

Also, the heading "Shareholder Support 2016-2017" and the claim of "46% increase to institutional holders" should be deleted, since this would appear as an attempt to mask the fact that Goldcorp has left the room. It should be easy enough for IR to change that slide and put out a revised June Presentation. It's best to come clean. 

Fact: G has liquidated its 6% holding. So what?

Others, such as RBC, has stepped in to snap up the 10.5M shares. The leader of the pack is still Polygon at 17.1Ms, to be followed by ICG/ELD at 8.9Ms, Van Eck at 8Ms, etc...Perhaps, a new mining company will emerge to fill the void left by G to take the lead, or G has some funds already willing to act as its proxies and would be happy enough to stay below the radar?

Feel free to speculate other scenarios.
GH
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