RE:wowww Sandstorm paid 0.56 here current pps 0.39 BUY OUT?
What is telling ... is that notwithstanding huge piles of ETG options fizzling into thin air out of the money in the past year ... there was no unseemly issuance underneath Sandstorm's entry price. I'd expect once it suits the price will float up, and when they bang out options we'll know something is up.
The current state of the market pricing of ETG means little to the value of the large immobile blocks of shares of the company. Not unlike TRQ. While the Mongolians jacked around and before real money starts flowing, there is no rush on the part of RioT to add any value to the JV partners. But once they start block caving or announce a different mining strategy for the rich seam at the south end of HNE ... suddenly it will be hurry-up and make a deal time.
cg