RE:RE:Entree resources - creeping buyout by sandstorm?I've spoken with the SSL guys, altho not specifically about Entree. That being said, I doubt they'd acquire it outright.
1. Mongolia risk - their stock would get killed. I'm in TRQ but it's a continual roller coaster and the govt is continually changing (or trying to change) the rules.
2. Time line too long to production. Previously, they've been criticized for too many early stage assets. They have consistently stated in the past few years that new deals will focus on companies in or close to production.
3. The market doesn't like SSL owning direct ownership in properties. They continue to be criticized for their 30% interest in Hod Maden. (I disagree, as HM is a game changer and will dramatically increase their share price over the next few years. But, the market is the market).
That doesn't mean they won't buy more shares in Entree as it's a potentially valuable asset. But, for them, it's an investment. I believe they already hold streams on AU, AG and CU on the property.