RE:RE:RE:RE:RE:RE:RE:Rising price on low volume One PS to that ... some have complained that ETG hasn't actively promoted itself and its stock price.
To me that looks like ETG playing ball with Rio Tinto and Mongolia, not to suppress a buy-out price, but to hold back speculation to be able to deliver as large a premium to market as possible so as to ensure a negotiated buyout price satisfactory to HCU and ETG management will be approved when put to the shareholders.
I know that freaks some shareholders out as they fear collusion. I would bet a clean withdrawal plus market consolidation in the meantime are more likely motivations. There is so much added value to Rio Tinto they can dig pretty deep and still calculate a bargain for themselves. Remember if they take out ETG and accelerate Lift 2 development the benefits as 100% JV owners run 5x to them and Mongolia what they would to ETG.
We have played ball all along here. There is no paper to be distributed, no underwriters shares to be flogged, no demands by ETG treasury to float paper. It's all about consolidation at this stage.
cg