Post by
Redrum180 on Jul 09, 2021 4:01pm
Eric Sprott
The fact hat Eric Sprott is in favor of the deal weighs heavily on my decision to support the merger. Regardless of what we post here, this transaction will be consummated simply because of his sizeable position in the stock.
I'm a buyer at this level. After the merger I'll reevaluate. It looks like money in the bank; the only surprise I've had is watching the share price drift lower after the deal was proposed.
I do understand that people who purchased ELY at higher prices might not be too happy but who is to say that this merger won't be beneficial. Correct me if I'm wrong, but I imagine Gold Royalty has a lot of cash having recently completed an IPO.
To sum up, the deal seems like a fait accompli.
Comment by
ruffus23 on Jul 10, 2021 7:20pm
Lots of fabulous little royalty plays out there. Check out CBG with a $14 million cap. I could see GROY poaching these and building up a quick portfolio.