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Entree Resources Ltd T.ETG

Alternate Symbol(s):  ERLFF

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

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  • CountrygentX
Comment by Countrygenton Nov 04, 2024 10:02pm
222 Views
Post# 36296358

RE:RE:Full Disclosure Time

RE:RE:Full Disclosure Time

Thanks, I have enough of a stake to try and keep close tabs.

Like the article posted in Mining.com and reposted in the Northern Miner today, saying the NR with new drill results caused the stock to lift today.  No mention of the weekend story out of the Australian Financial Reporter saying Rio Tinto's CEO had travelled to UB to "race" to try and get what is hinted at as a buyout offer on the table between ETG/Rio Tinto/Mongolia.

if you ask me those drill results without the market speculating on a near-term premium to market buyout offer ... maybe a few nickels up.  We know why the stock ran up today.  Somewhat concerning the timing of ETG's NR on a Monday morning because it looks like a bit of a smokescreen ... but in the other hand if it is also a data dump by OTLLC/Rio Tinto through ETG to clear the decks for a buyout offer - that's consistent as well.
 

But those articles today on the price jump read in isolation ... misleading if you don't know what was published in Australia over the weekend!

cg

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