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Just ruminating on "other than cash buyout" possibilities. Potentially a swap of ETG's 20% JV interests for a more saleable direct royalty stream over the whole of the JV? That might put ETG in a position to swap 1/4 of the royalty stream with HCU to buy back their shareholdings and then go to auction with the remainder ... or look for a buyout from a streamer? I still wonder whether a simple Rio Tinto cash buy is in the cards, but ... deals can be as varied as human ingenuity permits. However, contrary to TD Bank I believe near term catalysts to revaluation are a pretty fair bet. The parties have a common interest to move forward, and JV development, Mongolian ownership demands, and licence transfer requirements now press with greater urgency, enough to get Rio Tinto's CEO involved, and when the CEO steps in it is usually only to push the ball across the finish line? cg
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