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 > reverse split

<< Previous

Bullboard Posts

Next >>

Comment by Lowcapmocapon Feb 26, 2021 10:18am

108 Views

Post# 32670177

RE:RE:RE:RE:RE:RE:RE:reverse split

The thing is that Ely isn't going to pay for any current or very near term royalties as they are all over priced now. Trey appreciates ELY's very high NAV being it's standout trait, so he doesn't want to dilute that. Unless people hope on the gold price alone carrying the stock to where it needs to be, there aren't many (if any) potential catalysts for shareholders in the meanwhile. Markets don't seem to care when we option out new properties for chump change (relative to our size now) A R/S specifically for a NYSE listing that could get us into an index like GDXJ etc is the only bazooka we have until the big royalties start paying out 2/3/4 years down the line. If we don't something Metalla and the rest will eat our lunch (performance wise) for now

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant