RE:RE:RE:RE:If you like ETG, HCU is an even better deal
Lumpy, they would also be able to take their cash and make some noise about streams and financing of deals. ETG is too opaque and difficult to explain. It is illiquid, barely trading.
While Rio Tinto doesn't like spending money, ETG is a very attractive asset consolidated into OTLLC in bumping reserves and production in a top tier copper/gold asset, precisely what Rio Tinto has been telling its stock analysts it wants to accomplish. And Mongolia wants their true 34% of all OT, they want the licences tied-up in OTLLC, and they are never going to push any secondary tax stability agreement through their Parliament.
Eventually a deal will get done, it is frustrating there isn't much for management to accomplish in the meantime and they have a cozy billet while shareholders feel insecure in not even knowing what kind of probing valuation offers might have passed among the parties, and the idea of a long delay induces financial nausea. However, given how low the market cap is, why worry about anything except predictions of timing of the inevitable. The fact there is so little selling and volumes have become so slim says a lot for the time being?
cg