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Entree Resources Ltd ERLFF


Primary Symbol: T.ETG

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.


TSX:ETG - Post by User

Comment by thasison Mar 04, 2024 7:37pm
182 Views
Post# 35914661

RE:RE:RE:Country Gent partial drill result announcement from 2022

RE:RE:RE:Country Gent partial drill result announcement from 2022
Thanks for your response CG.

I am concerned about unbiased treatment from ETG management and the final deal struck for shareholders.

Stephen Scott ETG's President and CEO was previously an executive with Rio Tinto Ltd so we know which way this is leaning. I mistakenly thought with Sandstorm now Horizon having so much skin in the game (24%) that they could provide some leverage to our advantage however, I now see that posted on ETG's website the following:
"Under the Amended Funding Agreement, Sandstorm will vote its shares of Entre as Entre’s Board specifies with respect to any proposed acquisition of Entre, provided the potential acquirer agrees to execute and deliver to Sandstorm a deed of adherence to the Amended Funding Agreement."

All is not lost but, I do not feel that we are in as strong of a negotating position as I intially thought.

Is there something I may have overlooked that would change my current interpretation?

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