or
Remember me
Back
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
Receive investor kits and email updates from Stockhouse and directly from these companies.