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Bullboard - Stock Discussion Forum Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900... see more

TSX:ELO - Post Discussion

Eloro Resources Ltd > Not Much
View:
Post by tdsb on Jul 29, 2022 5:48pm

Not Much

Out there in the resource sector and that includes exploration companies and producers are beating our developer company. I just can't imagine a price that this stock would go for on a takeover basis. CHEERS!
Comment by tbnorthstar on Jul 30, 2022 1:32pm
Still a long way away from any takeover action. They need to put out an MRE and then get cracking on a PEA before anyone looks at it in a serious manner. It will get bought at some point in the future and your guess is as good as mine on a price...
Comment by tdsb on Jul 30, 2022 6:13pm
Hi northstar, companies get taken out all the time sometimes another company just likes the land position a company has without any drilling having occurred. This company already has over 100 drill  intersections. They are at the stage where they will start infill drilling to prove up this resource. We know this property will become a mine. We are at $4.25 CDN,once the stock goes over $5 ...more  
Comment by tbnorthstar on Aug 03, 2022 6:28pm
Only a handful of companies capable of buying and developing this. Marrone will help shepard any potential deal...
Comment by tbnorthstar on Jul 30, 2022 1:32pm
Still a long way away from any takeover action. They need to put out an MRE and then get cracking on a PEA before anyone looks at it in a serious manner. It will get bought at some point in the future and your guess is as good as mine on a price...
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