Re: Rumor Mill Heating UpUsing Edison's $4.46 C for an evaluation ($3.38 US) , a buyout would cost RT $676 M US.
This is not a lot considering the satellite holdings have the potential to contaiin additional mineral deposits. ETG traded around $3.00 C long ago. Just because it has been down over the last 19 years doesnt mean the value has been destroyed. Granted the managment of ETG have been diluting the company for 19 years.
What the heck happened to the results of the cores they promised to share with us shareholders?
How can they possibly make a deal on the value fo ETG when this information has not been disclosed.
An increase in the ore north of the fault in HNE lift 2 would significantly increase the value of ETG.
I really wonder what the heck the big secret is with RT and ETG not sharing the drilling results with the shareholders.
I believe arbitration is sorely needed.