RE:stacked the deckGiven how tight copper supply/demand looks for years to come, and the huge reserves vs tiny market cap of ETG, not a prospect but part of a mine plan, personally I think several million shares would be a drop in the bucket if more eyes took a hard look at ETG.
350k shares? Could vanish in one or two sessions. The true trading float (minus SSL, TRQ, Rio, management and committed long holders - likely about 70% of the total shares - is probably shy of 60 million shares and in that float are a lot of longer term holders who have valuation targets well above $2 or more Only $60 million of paper at today's price to be offered under, say $1.50 by the most pessimistic for longs? Seriously, that is nothing for what, say ETG has 15% of the long rod toon of one of the top five copper mines in the world? These price movements are almost meaningless to me.
cg