RE:RE:MongoliaTannin, Rio Tinto got TRQ on sale. I sold my TRQ shares a little while back for a nice profit and glad I did. I would have vote no on the price they offered. As I said that's one year of revenues when the underground if fully on line (2026) and it has a 60 year mine life.
I also didn't like the back door deal Rio Tinto and the largest minority shareholders shook hands on that put the screws to the small shareholders. Then again that's how it works on the mega "too big to fail" mines.
So now we see what games that will be played with Entree if any. Nolan Watson and Sandstorm/Horizon copper have stated they believe Entree's share value is between $2-3. Since Sandstorm/horizon copper is the majority shareholder (Approx. 50 million shares) I'm hoping that's what they are holding out for. Then again, I can't get to far in front of this because it hasn't occured and until it has it's all speculation. For now, I would be just fine with the share price breaking out to new highs, then breaking $1(us). Sure is nice watching the account climb without dumping more money and doubling down trying to play catch-up. For now the initial reaction was good for the share price and we'll just have to see what occurs going forward.