Win Win Negotiating
So Rio now making public noise they would be content with a Parliament sanctioned do-over of the IA which is “win win”. Meaning perhaps the Mongolian entitlements aren’t greatly changed, but they will take a smaller royalty rather than build up and repay a 1/3 in OTLLC as they have now, with big loan repayments using all dividend streams for many years.
Perhaps if the entire ball of wax is recast, this time ETG will be consolidated in by the new deal, or by acquisition by TRQ, OTLLC, or RioT as past of the new consolidation of ownership ... dare to dream.
Public announcemen5 of negotiation progressing, of willingness to change the structure ... coupled with large iron ore cash flows ... maybe Rio is ready to strike on TRQ.
cg