Ely Gold Royalties Inc ELYGF

RE:RE:RE:RE:RE:Ely Gold Royalties: A Good Bet But Only At The Right Price

[Shylockreturns]

prouditalian -

Yes, I did buy shares lower and I expect it to go higher in keeping with what Trey Wasser, whom I consider a competent CEO and far from "going out to pasture," has already told us.  Age is a number and nothing else.  I know sharp and competent people in many fields in the 70-90 age range and unfortunately intellectual dullards with no work ethic in the 25-45 age range.

Did you listen to his last commentary?

You make money in this business by buying low and selling higher, not the reverse.

Wallbridge is but one of the companies in Ely's stable, albeit a very important one.  Wallbridge is VERY large and has a whopping amount of gold in Fenelon and multiple other areas.  We will have updates from Marz Kord as things progress in this very high potential company.  Just how much money Ely will get from WM in 2021 I cannot say but I can say Wallbridge is a massive development and will take time to prove up its very rich gold.  It may also be bought out.  That is a plausible scenario and KL is a likely suitor.

As for Metalla, when exactly did it have positive earnings?  A search of both 2019 and 2020 reveals a loss per quarter per share.  The dividend is not enough to make anyone anything but pocket change unless you have a gazillion shares.  It is clearly IMO a "hook" to make the share appear attractive.  Like attracting birds to shiny but worthless things far below on the ground.

A company should NOT pay a dividend until it is solidly positive in its earnings.  Period.

Ely's plowing its royalties into additional royalties is a far smarter approach and will prove superior in the final analysis.

As for warrants, I would hazard an educated guess they are incentives in place of salary in a company at this stage of its development, a not uncommon strategy and a very reasonable one.

Look, if you think ELY is going to some ridiculously low level, why are you holding it?  If I had a share that caused me the angst that Ely seems to be causing you, I would question why I owned it.  Dump it and buy the great Metalla.

As for me, I am sticking to the gal who brought me to the dance (in these 'enlightened times') and I don't think I will be disappointed!

Great good fortune to all.