Entree Resources Ltd T.ETG

Mongolian Presidential Election

[Countrygent]

The election is  set for June 9.  

Then we enter one of those rare in Mongolia periods of "no upcoming election" for a year and a bit.

Thinking back over the years there have been a lot on months of stalled negotiations and slowed progress in settling structural issues around OT ownership waiting for elections, which are on a pretty short cycle.

Seems to have been the case again this year.

cg

[nodice7777]

The longer Copper stays above $4/lb the more the pressure on juniors with the best advanced staged projects to be snapped up/partnered with. Its already starting. Money talks. In the case of Mongolia et all, current commodity prices should  motivate all parties to get their $hit together sooner rather than later  and move forward. ETG is a sitting in all of this IMO

[Countrygent]

A strong electoral mandate and consolidation of a majority instead of a bickering coalition is good for Mongolia, good for counter parties negotiating with them because they can deliver greater stability.  Expect no favours, hard bargaining, but exactly like you say, with copper and gold prices favourable both Mongolia and the foreign OT investors have a lot to lose by not agreeing.