OTCQX:ELYGF - Post by User
Post by
Shylockreturnson Sep 29, 2020 2:52pm
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Post# 31636305
Give Your Heads a Shake!
Give Your Heads a Shake!It never ceases to amaze me how many of the purported shareholders on this board totally do NOT understand this stock.
A few days ago there was the nutty dividend idea, now the proposal of consolidation. This is NOT SMART! ELY does not need to consolidate its already small number of shares and is doing just fine in the marketplaces where it is presently positioned, stable and prospering.
There is going to be at some point in the not-too-distant future a massive upheaval in the U.S. markets and the last place ELY needs to be right now is there.
Trey Wasser is an uncommonly honest, shrewd, capable and future-thinking CEO who is acting and has acted in the interests of shareholders since the inception of this company. I feel we are exceedingly fortunate in having him as the CEO of ELY. He must cringe when he reads some of the lunatic posts on this board.
The acquisition of the Cot Project Gold Royalty is a very important one and represents critical diversification out of NV into a more stable geopolitical nation in what is appearing to be the more stable Canada. Fortunately, the Silver State has only one large city in LV and a few small ones in Reno and CC, etc. The possibility of massive civil unrest haunts America around this soon-upcoming election and fortunately NV is mostly desert with sane people. But the diversification involving such a premium royalty is greatly appreciated and another shrewd strategic move.
Be grateful we are in what is unquestionably the best of the gold royalty streamers with the best royalties by far which were acquired for a fair price by which I mean, not overpaid for. Excuse the dangling participle! ELY IMHO has the greatest upside leverage potential of all the royalty streamers.
Finally, I want to say a word about Wallbridge Mining and its marvelous Fenelon Project. I know the share price seems anemic for what we know WM has in its possession at this point, not to mention what will be proved up additionally over time. But bear in mind the stock market is rarely rational, very often overrewarding marginal shares while underrecognizing far more worthy ones. WM is still sorting out what it has in the Balmoral acquisition, which in itself is truly massive, while it continues to probe deeper and wider into Fenelon with ever richer ore bodies the deeper it probes.
The share price of Wallbridge will one day in the near future begin a breathtaking ascent as the FED accelerates its destruction of the U.S. Dollar and the rest of the world does likewise to the respective currencies of all countries. It will be a thing to behold and will ignite turbo boosters on Ely's share price. Just keep that in mind, that is, if Wallbridge is not bought first for a very hefty price. Shareholders win either way.
Believe in your company!
Great good fortune to all.