Entree Resources Ltd T.ETG

For Ratso07, Countrygent and the others

[1student]

Regarding your post, dated April 15, 2021 and tittled "Iceberg melted at 75 cents".

 

 Given where we stand today (June1st, 2021) with Entree's share price,  I have to say, WOW!  That was a very prescient outlook on your part, Ratso07.
 

Earlier today, while examining Entree's historical price chart, I zero'd in on a certain gap down in share price, from approximately $1.09 to $0.73, circa 2012. I will attempt to be as prescient as you in stating that I expect Entree's share price to retrace upward that very same gap in share price. Granted, we may very well test the most recently established $0.75 cent support for Entree shares,(see profit taking) it is somewhat expected. However, I suspect Entree shareholders are about to say goodbye to the sub dollar price points which the share price has been experiencing since 29-04-2012.

Furthermore, I expect the best place for Entree's 'long and strong' shareholders (at this point there are not many remaining) is to be absorbed by Sandstorm Gold, as Sandstorm could very well have much to offer as perhaps a newly added partner to a greatly reconstructed investmet agreement amongst the various partners to the Oyu Tolgoi project.

Immediate monetization of a greater assigned portion of all the gold mined from the joint ventured properties ,along with any newly developed properties, could be something the Mongolian government will want to negotiate.
I expect Sandstorm Gold is in the unique position to handsomely benefit from new terms arrived at with the Mongolian government, as part of the reconstruction of the investment agreement in question.
Entree, and by extention Sandstorm Gold, needs a clearly recognized place at the investment agreement renegotiation table. The time to consolidate these two companies is now. It certainly behooves all invested parties to do so, in order to present a unified front. Rio Tinto and/or Turquoise Hill will clearly receive the message, should these two companies become one. It would be like placing a massive and green lit 'take me out' sign above the combined entity, no?

I'd greatly appreciate your reply and input and the input of Countrygent, as Countrygent's opinion is always quite valued.

 

Thanks.

1student

 

[Ratso07]

1student: I would be shocked to see a pullback below 80 cents. The stock appears to be in the next trading range with resistance about $1.00. Historically, the stock completed a double top at $3.40 about 10 years ago and crashed to pennies. It has gone in a sideways trading pattern under a buck ever since but looks like it has the momentum to breakout in the near future.  "The trend is

[Countrygent]

First of all, history may not always repeat, but it often rhymes.  Expect a nasty war of words out of our sovereign hosts, it may dampen things at least one more time, but I’m betting this time around Rio Tinto and the Mongolian government have too much to lose on both sides of the table not to reach a mutually acceptable resolution.  They may try and attack title to the mining licences,

[Countrygent]

Auto correct.  No Angolans sticking their necks out ... Nolan stuck his out with the streaming buy and equity position,  Mea cuppa on fat finger typing.  cg