RE:RE:Elysee Sold Some to Take ProfitElysee Development Corp: symbol ELC..18 million dollar market cap investment co that looks for high reward micro caps. Offers asset base growth and when good, returns a dividend. They recognized the value OCO had, bought in early on as well as in on some earlier PP's. Good on them...Still holders, just spreading some of that smartly earned cash around into new opp's.
After a stellar performance in 2020, Elysee will be trying to keep the momentum
going in 2021. While the precious metals sector has put in a dismal
performance in the first quarter (with the GDXJ for instance losing almost 20%
of its value), Elysee’s alternative investments have been doing quite well as the
company was able to take some profits on its position in Oroco Resource
Corp. (OCO.V) and NextSource Materials (NEXT.TO). Additionally, the
existing cash position of C$4M will likely be boosted with the proceeds of the
sale of Battle North Gold to Evolution Mining, which will further boost Elysee’s
financial flexibility.