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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 interest in Fenelon property; Isabella Pearl and Jerritt Canyon among other operations.


OTCQX:ELYGF - Post by User

Comment by ittwoon Feb 05, 2020 7:03am
153 Views
Post# 30644508

RE:RE:RE:The number of idiots on this board is increasing -

RE:RE:RE:The number of idiots on this board is increasing -Ely still has a 2%NSR of Fenelon. Next time, read and quote all the relevant information. 

Goldwillrun2020 wrote:
StockMasterGods wrote: Why did ELY sell 1% NSR of its WM fenelon mine property for $1.25M to Eric Sprott and then buy 0.5% NSR for $8M from Eric Sprott.  I dont see how they are ahead.  They are better off doing nothing.

Ely Gold Royalties Inc. has closed its previously announced royalty sale and private placement with 2176423 Ontario Ltd., a company controlled by Eric Sprott. Sprott has acquired 100 per cent of all rights and interests in a 1.0-per-cent net smelter returns royalty on the Fenelon mine property, operated by Wallbridge Mining Company Ltd., located in west-central Quebec. Under the terms of the agreement, Sprott paid Ely Gold a cash consideration of $1.25-million.

I think we were better off keeping the 1% NSR on WM.  Am I missing something.


Wallbridge was their "Cornerstone" holding and they bragged about it non-stop. Now its gone to Sprott?

Plus substantial dilution with this deal.

Something very odd, IMO.


PS - to the clowns who keep yapping that they're so smart, so experienced and have 30 years of investing experience...blah blah blah...and everyone else is an amateur...STFU

If you're so smart, so wealthy, so successful, then why are YOU here yapping on a chat site...  LMAO!!!



GL today folks



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