RE:RE:RE:market cap now about 2 million over cash?I can't imagine with a little patience how any buy below a dollar will not profit well. The reason nobody has offered 75 cents is they can't get any expression of interest from any block holder IMO. But it has suprised me that with some float nibblers among us the day to day price has been managed, or has managed, to remain down at these dump levels for so long. Given that the true end date to throw ETG from the train is when cash flow begins in the JV ... Expectations have been managed very well if somebody has a long term plan of hovering up all of ETG's Mongolian assets for cents on the dollar.
The sweet irony of waiting is perhaps we will see a rebound in inflationary growth by the time it comes to deal us out and copper and gold will be up and the greenback down, and the mining shares off to the races across the board. Mom and Pop Mainstreet are right out of the market still nursing post-Lehman bruises, and the Dow is blinking growth cycle while the pros load up the index - I guess they are guessing that the Fed will continue QE programs for as long as it takes, the market will grind through the sub-indices until the miners and junior miners are reached, then latecomers will jump in as usual, hopefully while we are making a happy exit. Dare to dream.
And wait this one out sez this long time accumulator.
cg