RE:What will Vroy do with approx 6.5 million? VROY is indeed in an interesting position. They have the potential to leverage their financial strength to either acquire Net Smelter Royalties on new Vizsla properties or diversify their portfolio by investing in other promising properties that are currently struggling to secure financing.
Given the current market conditions and the number of good properties out there that can't finance, it could be a strategic move for VROY to diversify and build a more robust royalty company. This approach would not only spread their risk but also position them to benefit from multiple revenue streams in the future.
It will be interesting to see how VROY navigates these opportunities and what their next move will be.
I exercised my VROY warrants earlier today! As well, both shares and warrants are up over 6% today.