Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > Not in This Climate -

View:

Post by Shylockreturns on Feb 24, 2021 2:22pm

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.

166

Comment

Comment by Stocks6427 on Feb 24, 2021 4:03pm

it appears we are of the same mind on this matter

Comment

Comment by Shylockreturns on Feb 24, 2021 5:58pm

And it is not just an opinion. Historically, some 90 to 97% of such stocks doing reverse splits fail to thrive and in fact are far worse off as the price continues to fall from a higher level. Does management anticipate poor performance of Ely Gold Royalties? "How do stocks perform after a reverse split? Stocks tend to lag the market after a reverse split — that’s not surprising ...more

Comment