RE:Nice Little Classic Shakeout This MorningYou wrote:
"you want it, - pay what it's worth and you can have it.
If not, I can wait for the dividends"
I don't think we will be around for dividends; as your aware, MD&A states:
"the Parliament of Mongolia adopted amendments to the Minerals Law which introduce a cap on the ownership of license holders of strategic deposits such that no single entity (alone or with its affiliates) can hold more than 34% of the shares in a company holding a strategic deposit licence." Furthermore... " Existing strategic deposit license holders must comply with the divestment requirement by May 2025 failing which the Government of Mongolia has the authority to appoint an authorized representative to manage the company and ensure compliance"
There is a risk here that Rio does not move to fold Entree into the existing OTLLC (which is exempt from this new legislation) opening the door for Mongolia to "manage the company and ensure compliance"
in that case it would be:
Entree 66%/ Mongolia 34% ownership
Entress actual beneficial interest in the mining licences is capped at 20% or 30%
OTLLC’s 80% or 70% beneficial interest in the mine
The above while possible I don't think we will see that either