RE:RE:RE:Edison Evaluation in 2018 Not sure I would go so far as to say the ETG Board and management wouldn't pump for fair value in all the right ways, and the long convenient to them slack billet may have more to do with Rio Tinto corporate culture deferring ETG issues than anything else. If Rio has been brushing us off all these years what were they to do without poisoning the well? Look where Pentwater ended up.
I came away from a discussion with our CEO several years back where he said (and I'll paraphrase): "I spent long enough with the Company to know how they think, and I can be just as stubborn and tough as any of them." He is gone from Rio, this is a swan song job. Personally I've come to believe our management is going to do their best for us in a close out transaction if that what is in the cards. And maybe they will hold out if sufficient payout isn't coming.
I completely understand the suspicions about Rio Tinto and anybody who has come from their camp but ETG is not TRQ. The management group have significant personal shareholdings. They also have change of control bonuses in their employment contracts which might make winding up attractive to them as well.
Thinking positive here!
cg