Comment by lumpy13on Dec 26, 2024 12:45pm

331 Views
Post# 36377727
RE:Lumpy ;
RE:Lumpy ; Bottom line, OTLLC is moviing into the area to mine in which ETG has a 20% interest and RIO has a long time agreement to come up with a deal to agree with ETG on how the mining deal would work between the 2. The simplest solution is for RIO/OTLLC to buy out ETG. Complicating the issue is who bears the dilution for Mongolian's govt 34% free carry.
The reality is that the value of ETG's 20% interest is much greater than ETG's market value. So the dynamic has been RIO playing games and delaying the process to not pay anything close to market value. Recent arbitration ruled in ETG's factor which shoud expedite a resolution.
The great majority of the posters here are hoping for/expecting a 2-4x if a buyout is negotiated. Go back and read Countrygent's posts for the past few years. He knows more about the history and has a good technical knowledge about the project, having been invested 20 years.
I may not have all the facts correct, but this gives a general summary.