RE:RE:RE:RE:Why trading at 1.22?medvic1 wrote: Probably many shareholders saw increase in sp 19% and decided to take a profit, maybe even not looking why increase happened. I just added twice more then I hold previously. Hopefully the deal will finalize in July.
sagietje wrote:
I probably, like many here, check out every royalty company out there, and buy into pretty much all off them, small or big, just to see where they are heading. Gold royalty is the only one, in a long time, I didn't want to buy when it started trading. It looks like a pure play on the hope of mass hysteria in gold. Lots of gold, little viability. The deal would give me more confidence when management's 5% and Sprott's 22% would also say they're taking it all in shares and no cash.
In my opinion, Gold Royalty was/is simply overvalued. And even if you choose cash, you'll probably get a part in Gold Royalty shares. Gold Royalty's projects are 90% owned by GoldMining; and GoldMining isn't spending any serious amounts on the projects. I think it is key for a royalty company, that the operators are meaning serious business.. They have no royalties on any projects, that will produce, in the best case before 2025.
In the case gold goes balistic, it might proof a really nice vehicle. Because those high cost projects might start to look appealing. I'm really disappointed, cause I did see a lot more potential in Ely, I greatly prefer their style of company, slowly building it up, no costly deals, not focussing on that getting bigger for the sake of getting bigger.
I'm just not sure yet when I'm selling. I'm in doubt whether it'll go up to (or close to) 1.46CAD or that idea will proof to be naief.