RE: RE: RE: RE: Mongolia NEWS RIO ......IVN's anti-dilution rights expired when the earn-in was complete and formation of the JV with ETG occurred.
Perhaps Rio tendered because it is a good buy for them.
The more interesting question is why a public offering, not a PP, particularly at a discount to market price, helping push all management options further underwater.
Still no data on the lateral exploration drifting at HNE. The JV resource stands as published in 2006, still open at depth and along strike. The deferral of mining for the JV into the mists of time remain as proposed by RF in IDP-10, a real damper on any ETG enthusiasm.
You'll never make sense of it all until after the IVN/RIO logjam starts moving, which will be soon. But ETG has some high-grade rock at Hugo North, no question there, the big questions are how much and when will it be mined. I'll venture the guess that Mongolia and RioT may be interested in getting the best rock at OT out as soon and profitably as possible, and presto, they may just find some more. I don't think RF really could read the licence plate on a volkswagen 1400m down after all - even though he'd like you to think he's covered all the ground thoroughly. Everybody has bills to pay and capital to recoup.
Work the revenue numbers from the Hugo North lift hitting the JV rock and ETG is a steal at present value if there is revenue sooner rather then later.
Watch RF's first crack at the mine plan in IDP-10 go the way of the revolving restaurant he wanted for the top of the Shaft 1 tower. Oh, huh, we found more hi-grade and we think we might have a crack at mining that first. Poof!
CG