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Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

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

OTCQX:ELYGF - Post Discussion

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Post by HarryMcGraw100 on Jun 22, 2021 1:02pm

Valuation

GROY is now trading at $5.80 USD = $7.18 CAD so the valuation options presented are:

$1.46 CAD cash.
0.245 x $7.18 = $1.76 CAD for share conversion
0.1742 X $7.18 + $0.42 = $1.67 CAD for partial share conversion.

Any ideas on why ELY is only trading at around $1.25 CAD? Am I missing something?
Comment by theman0 on Jun 22, 2021 1:15pm
You are not missing anything. WE are just getting screwed plain and simple.
Comment by woolco999 on Jun 22, 2021 1:18pm
With Gold Royalty just being added to the index today....the price is sky rocketing...and we have a firm group of diamond hands that buy the index.....ELY is a steal under 1.35...easy money .  I'm holding fof Gold Royalty at likely 1.75+...and if index gets bigger it goes much higher!
Comment by colt45acp on Jun 22, 2021 2:23pm
fOR SURE ELY merger is driving up GROY 25% right to day.  Skylockreturns nice call. jmo.
Comment by colt45acp on Jun 22, 2021 2:30pm
Sorry Shylockreturns, hit wrong key.
Comment by Terek8 on Jun 22, 2021 2:50pm
#BTD this dip in $ELY my avg is $1.52 no issues with me also bought $GROY at $4ish
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