Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

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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

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Ely Gold Royalties Inc > The next leg up in gold has started (maybe)

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Post by Redrum180 on Jul 29, 2021 11:50am

The next leg up in gold has started (maybe)

With the POG seemingly starting a new leg up, I'm bullish on GROY and ELY.

I'm going to exchange my shares for stock in GROY because I want to retain my share of ELY's existing gold royalty deals and I look forward to Gold Royalties' acquisition of other projects. I would not be surprised if GROY used this same method to acquire companies like ELY down the road.

Bottom line: Cash is trash. I'll take the stock.

Caution: This is NOT investment advice; I'm just relating my thinking on the deal.

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