Entree Resources Ltd ERLFF

Selling Activity

[MisterAbacus]

I am surprised there are as many sellers as there are when we know that ETG is working on getting a deal done with RIO and the Mongolian government.  Helps keep the price down and ultimately costs the sellers long term.

[UNKLAL]

Share price is being manipulated so RIO can buy the whole shabang for less!!! jmo UNKLAL

[Ratso07]

In the last 21 trading days, BMO Nesbitt has net purchases of 508,000 shares with an average price of just less than $1.28/share. 

[lumpy13]

As I understand it, if ETG and RIO/OT don't reach an agreement on the purchase price by April '24, it goes to arbritration which - based on the value of OT - could be a 2-4x for ETG. If you want to get more potential upside, buy HCU, which has 25% of ETG (market cap $254m) while HCU's market cap is only $54m.  So you're buying ETG shares at an almost 20% discount.  HCU

[ScotUK]

If it comes to that, let's hope the ETG management don't cave in and accept some ridiculous lowball offer from RIO ike the TRQ guys did. 

[Countrygent]

Many differences in the situation between TRQ and ETG, but particularly - HCU holds 25% of the entire share float, back out Rio's 16%, that is close to 35% of the free-trading non-Rio shares.  Management holds another 5% or so in shares, options and DSU's ... and there are several former insiders who may also continue to hold share positions.  Basically the shareholdings are