RE:RE:Mongolian and Rio Head ButtingI have grudging admiration and fear of the cutthroat tactics employed by RioT.
Copper is set to soar. Gold looks strong. The OT underground progress on the engineering side has achieved huge milestones. Yes, it ran over costwise, but they are building a printing press for big money for 100 years down there. And financing costs couldn’t be lower.
WHAT A SCAM. And like the political press, the financial press has eroded so commentators don’t actually dig through data and documents, or pursue stories, they regurgitate what is handed to them online and can be cut and pasted. What a scenario to suit Rio and Mongolia to try and hogtie ownership of OT as cheaply as possible. Is it a real fight over costs and financing, or is it a big fake fight that suits them both very well in accomplishing their long term goals?
TRQ retail bit hard on the hook today!
Look how tight the ETG float is though - somebody ginned-up 700,000 shares on the TSE, but no sell-down. The little JV partner that could?
I’m with Nolan Watson on this one - the shares are being gifted at TRQ but especially at ETG. The annual net profits at OT can drive the valuation up many XXX’s
cg