RE: RE: RE: Some news to report Just as RioT scaling back expansion makes OT look less like a tourist on the Paris subway with their wallet stuffed full of cash hanging half way out of their back pocket, so too pushing any JV mining down the road. IMHO all posturing.
I'm probably in favor of splitting the company as well - splits generally mean more liquidity - except the costs of listing are doubled, management may cream two sets of options, other shennanigans. Interesting. Can't be done without RioT's blessing and a few other significant shareholders as well, like Caisse Depot. One thing I really like about SSL is I believe Nolan will be an additional potential brake on any nonsense attempted on the shareholders - as in when the options had to go out at SSL's buy-in price. No way Mongolia is getting any of Anne Mason.
As for negotiating some cut-in for Mongolia on ETG, it has been a question why ETG wasn't included in the IA in the first place since that was IVN's obligation under the JV agreement. The only way to answer that questin is to know the intentions of RioT and Mongolia vis-a-vis ETG and where discussions have gone if they have even been held to date.
Really, the significant information missing is what additional high grade tonnage exists at HNE - almost seven full years since there has been any update on "open along strike and at depth, with an intersection at 1300m N (ie from 625m N where the resource stops now) interpreted to be the top of the same deposit/stratigraphy." Drill results are money - interpretations are just talk. ETG can't be dealt if nobody knows what it has or is willing to offer value-added on the assumed extensions and whatever else might be on the JV?
This continual kicking of the can down the road has to stop at some point - as does the misery of current trading values.
cg
fmcdh and utcchtr!!