RE:RE:RE:RE:The writing isn't on the wallThe cash and Ann Mason make the valuation by trading price an even bigger head-scratcher, but ETG isn't alone. Most of us have seen when the junior markets are dead more than a few issuers trade at a discount to liquid cash in treasury, go figure. I guess Mr. Market doesn't trust mgmt not to just fritter it away until the lights go out.
Back out the cash per share and the implied valuation of OT is pathetic, isn't it? Yet those in the know in Mongolia are choked not to have a chunk of ETG before HNE gets cranking.
Despondency can be as irrational as exhuberance, no?
cg