Starting to add to my positionI can't believe that I, who is not and have never claimed to be a good trader, managed to get a fill at $1.64 on friday. My thinking is that although I still have a decent core position, it's time to develop a trading position at these levels.
I think, just a hunch, that something is brewin here, especially considering RBC's insatiable apetite for paper recently, and the "you can hear a pin drop" silence wrt this deal. With all the rigs humming on Copper flats, you can bet that there will be some positive updates as soon as these warrants are no longer overhangning the market.
Additionally, I heard from 2 independant sources that Entree is the one. One fellow, who is a broker and who has little or no time for the Venture board, said that the Entree is definitely a must have, and it was the only deal that he would consider on that board. The father of a very close friend of mine had a buddy who recently visited Mongolia. While travelling around with no Schedule (this guy is loaded), he befriended some mining people and he ended up on a helicopter visiting Oya Tolgoi. He was very very impressed with the operation, calling it first class. This fellow, who is a very conservative investor, told my pals father that ETG would soften a bit in the fall, then to "back the truck up"..
Anyhow, just felt that I would share a few tidbits with my fellow ETG posters, and to let you know that I am still lurking in the background. Mind you, I must admit that when the steelhead are running as is presently the case, it's hard to pay too much attention to the markets, especially this fall as the markets have been lacklustre at best, even with gold and Copper trading at new highs. What will it take to get the juniors moving?
Good luck to all longs, I believe that our patience will soon be rewarded.
JANDD