or
Remember me
Back
It looks more intentional than sloppy to me - calculated strategy to try and suppress Entree's perceived market value. Because we all know at the end of the day Rio Tinto and Mongolia's idea of who should own all of OT doesn't include ETG. Rio Tinto can clean this all up by financing an OTLLC bid to buy out ETG. Mongolia after 17 years of negotiations finally gets a true 34% of all OT; it will all be tax-stabilized under their existing Investment Agreement. Let those two hammer out who pays as between them.
The outlook for copper and gold says the price isn't going anywhere but up, and now delay in securing the JV licences from ETG incurrs a positive financial penalty for every day mining the higher grades at HNE is deferred. In the long run Rio Tinto are so fortunate in their relationship with ETG that toe-held them in and past IVN's attempts at highest bidder auction to be the principal owner and operator back in 2005. This will be a jewel asset in their portfolio for decades. With massive upside and leverage to copper output. I shake my head. So many wrangles I have seen through my life where the price at the time seemed like such a big deal and in the fullness of time was little more than a minor detail on a much bigger question: do you want to own the best assets or not? If so, act. What a bunch of ditherers. And then true to character, late panic and remorse. No you can't steal the remainder of OT, but at almost any reasonable price it is going to turn out to be a very smart purchase that will pay massive dividends. Just do it. cg
Receive investor kits and email updates from Stockhouse and directly from these companies.