Are there any short-term catalysts for Ecora, except for base metal prices normalizing? How'd you compare it to the royalty company in the portfolio, ELE.V?
I don't think they're comparable. Ecora is in an earnings trough until 2025. They're also defending a dividend they should cut and can't use their paper for acquisitions at today's price. Elemental is flush with liquidity to make deals and all the upside that could come with rising gold prices.
Hey Sultan, thanks for the update!
Are there any short-term catalysts for Ecora, except for base metal prices normalizing? How'd you compare it to the royalty company in the portfolio, ELE.V?
I don't think they're comparable. Ecora is in an earnings trough until 2025. They're also defending a dividend they should cut and can't use their paper for acquisitions at today's price. Elemental is flush with liquidity to make deals and all the upside that could come with rising gold prices.