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Ely Gold Royalties Inc ELYGF

Metals & Mining Industrial Metals & Minerals
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

Ely Gold Royalties Inc > Not in This Climate -
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Post by Shylockreturnson Feb 24, 2021 2:22pm
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Post# 32648873

Not in This Climate -

Not in This Climate -If indeed the CEO is deadset on a reverse split, he is taking a big risk with our capital.

For it to have any chance to succeed, it would have to be done in the atmosphere of a strong breakout in gold and thus far we have seen one or two or more aborted ones.  A reverse split in such a situation would be perilous.

I repeat my negative view of such a move.  I am not saying it would definitely fail, I am saying that carrying it out in a weak or falling gold price climate would be like going to Las Vegas which just so happens to be in the state of Nevada also . . . however, the odds there are not as good as where we are now.

Great good fortune to all.
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