Ely Gold Royalties Inc ELYGF

This is nothing short of a disgrace!

[Shylockreturns]

So, we finally have our answer as to why Ely was performing so poorly these past months despite its promising properties, leverage, etc.

All the while he was scheming to get Ely on the NYSE Wasser was telling everyone there were no plans for a reverse split.  Of course, he conveniently omitted there was more than one way to skin a cat and sure enough he found it.

I have held this company from the very early days and recommended it to many based on its blue sky future and its incredible leverage.  Now, those are all gone as its promising royalty properties are snatched by "da big boyz" in an empty shell of a company but which is on the NYSE, just as Wasser wanted!

Trey and his buds get the gold and we the shareholders get the shaft!  Heard that one before?  All too many times, I'm afraid.  Disgusting and nauseating.

This heinous abuse of the small shareholder is yet again proof positive that for a company to succeed in the junior gold sector, whether it be as a junior gold explorer or a royalty company, it must not only have a good deposit in a good jurisdiction or good royalties in same, it must have honest and competent management.  Ely had the royalties and the jurisdiction (for now, anyway) but it didn't have the management, and this coming from a dude who stated he read our posts and liked to keep up an open dialogue with shareholders . . .   My derrire he did . . .

No doubt, ol' Trey boy will get his show on the NYSE road just before it crashes in the not too distant future.  That would serve him right but it is an affront to his shareholders, those who believed in him and are now being taken to the cleaners by loss of opportunity relevant to Ely.

Well, we can kiss that good-bye.

Whether "GROY" will ever turn a dime is doubtful.  All they have is what they extract from Ely.  If you go to the GROY website and look under "Asset Stage," you will not find a single producing royalty.  Not one.  And the ones they do have which are labeled "Advanced - Exploration" or "Exploration" are in sketchy places.

I doubt Ely will see $1.46.  PERIOD.  It surely was nowhere near it today which in my view is very odd.  The better to shaft you with, my dear.

Get what you can get for your stake in Ely while you can get it.  I do not see a bright future for Ely in or out of GROY.

Personally, I am redeploying proceeds from Ely into one or several promising juniors.  There are plenty of options and they not only have established deposits, are on the cusp of having one, are JV'd with a major producer or other factor which makes them worthy of investors' dollars but there is one thing they do not have . . . and that is sketchy management.

I would not touch GROY with a ten foot pole.

In an earlier post someone coined the term, beTREYed.  If the shoe fits, it must be worn.

Great good fortune to all.  I will see you on another board or boards.

[Stocks6427]

agreed.   Thankfully Trey is at the end of his career.  I won't touch another company he's involved with.  Glta

[colt45acp]

Shylockreturns , deaffo i agree Trey wants that listing. Know what your saying about SP going down the way it has. Maybe at my age with brain fog and a little slow on the draw i am not getting it. Surely with such a low offer there has to be some others would make a better offer before this offer is accepted, maybe. But to me 1.46 a share not .2450 would be better to wait for. We all know this

[Shylockreturns]

colt45acp - Yes, you are quite correct, the crux of the matter is that Trey did indeed want that listing and by hook or by crook he got it in what appears to me to be an overpriced shell of a company. He has been on the board enumerating reasons why we should all vote for "the deal" but no matter how much lipstick you paint on the pig, the fact remains that Ely was doing fine until

[colt45acp]

SHYLOCKRETURNS : Was hoping to see 2.00 sp again then was going to figure which way to go. This is a done deal and will happen one way or the other. Still love to see Ely get closer to 1.46 but if pigs could fly. glta. 

[Shylockreturns]

colt45acp - Ely may get to $1.46. If it does, grab it and run would be my advice!  The swallowing up of Ely by GROY is a done deal as far as I can tell. Yes, it's too bad.  I truly believe we were on our way to several dollars on the Canadian exchange but now that is not to be.  The failure of the Ely share price to progress upwards was the clue something was in the wind

[colt45acp]

Shylockreturns i follow a lot of good people as yourself. If you have time check out Bob Moriatry article on 321gold.com for today. As you most likely know he is a strait shooter and he is usually dead on. See what you think. glta.

[Shylockreturns]

colt45acp - I read the Moriarty article and agree with it and him.  Lots of good stuff in there and thanks for pointing it out. Let me make a few cogent comments based on that article. One point of interest is the seasonality of junior gold company share purchasing.  He is dead right.  We are now in one of two choice time frames for buying shares of good companies low, the other

[colt45acp]

My pleasure Shylockreturns, God bless. GLTA.

[ElyGold2019]

Well where do I start Shy1? 1. I am one of the most accesible CEO's in the gold business. My direct office line is on every press release and I speak with shareholders daily. My email is also posted and I do open townhall meetings on a regular basis and post on message boards. I have been a bit quiet lately and now you know why. 2. Jerry and I will both be joining GROY as consultants and I

[flashcash]

I am in agreement Trey, we are going into a bigger league now. I will be voting for the merger. GLA