RE: offers....
If you look at the structure of the JV deal and the positions of ETG, IVN and RioT, yes we are required to wait for IVN's moves, but on the other hand the value upside and progress being made towards unlocking the potential of the JV is excellent - there isn't much to do but wait. Every big decision requires multi-party agreement, including our Mongolian partners who are very much in the room and part of the discussion.
Be patient and be rewarded. Takes time to build a mine.
But talking about $4 or $6 .... way, way below my expectations. ETG should be a major multi-bagger ... eventually. But no instant gratification here.
In the meantime, yup, management gets paid well. Nice for them, isn't it?
CG