RE: Kennecott-Entree Merger?Kennecott, which already owns a piece of ETG, is a wholly-owned subsidiary of Rio Tinto, so what you're suggesting is that Rio should purchase ETG--if I'm understanding you correctly. I don't think Friedland would go for this at all. A sale--or any disposition of ETG--would aid the market in placing a value on Oyu Tolgoi, since analysts could punch the numbers based on the value ETG received for its interests. This could interfere with RF's ongoing negotiations. I would guess that ETG has agreed not to shop itself independently. The only way I could see Friedland endorsing an Entree sale is if the transaction implied a sky-high value for IVN's Mongolian interests.
I find myself in this play again at a modest profit, since I couldn't resist when the SP was hammered to below $2. I don't know how long I'll hang onto it, though, because being an ETG shareholder in the recent past was about as exciting as holding tapioca futures. GLTA longs, and long it may indeed be.