Entree Resources Ltd T.ETG

An Interesting Week so far

[Countrygent]

We get the false-alarm jitters of a few hundred million default in China somehow slowing the firehose of trillions out of the FED and US Treasury to start, but gold holds its own. 

Then we get very mild assurances from the FED no need to have a taper tantrum we won't let you down too hard.  Gold just swoons even though you might think the fear of inflation (which is a traditional pre-driver for a gold rally) might take hold when rates are stiull near rock-bottom and core inflation is shooting past FED targets (even if they protest it is merely 'transitory'.  It has a late '70's smell about it, you know that un mistakeable stagflation stench seems to be building?

Anyway, somebody wants more ETG in their portfolio and up we go over four trading sessions quite nicely.  Would not be surpised to see SSL nibbling some more.

The silence out of UB also a good sign the parties most concerned with Phase 1 undercutting and making nice are working things out in their own laborious fashion.  Without trying to create waves with the public markets.

Nice finish today.

cg

[Ratso07]

Well said CG. I really expected some technical weakness this week but Anon has been a huge buyer. SSL accumulated shares up to 98 cents on the last move up and then backed off. Will be interesting to see the insider reports during the past couple of days. The stock seems to be going against the trend of other base/precious metal companies' shares. Stay tuned :  )

[Countrygent]

If you have read every bit of public disclosure since 2004, chatted endlessly about it over 17 years of arguably abusive treatment of a junior JV partner ... it might well move contrary to its peer indexes because if there ever was a “special situation” surely ETG is a poster child. Strike one is the Mongolian pillaging of Khan Resources and South Goni Energy.  Strike two is political

[UNKLAL]

Great to see your recent posts CG. It's good that this board gets an understanding from you on how undaunting this story has unfolded and BTW the the pain of the TRQ reverse split still hurts!!! So lets hope these yoyos finalize something at the table soon, cause I'm not getting any younger!!! UNKLAL

[Countrygent]

You and me both.  When you build a position over 17 years the personal circumstances do start to get you thinking! The normal reduction of exposure leading into the shorter need to access liquidity in retirement starts to loom on the horizon.  This increasingly unsuitable risk profile gets worse by the year, but on the other hand our corresponding personalities in Mongolia (Enkhbayar???

[fruitvale3067]

Countrygent, I have to admit this latest move was a pleasant surprise while most my Gold sector stocks are getting beat up. I too am insanly share heavy here also. However mine are in the american exchanges (ERLFF). Retirement is 4.5 years off for me. Hopefully right around the time thay start mining on Entree's ground (HNE). If Entree even exists by then which I don't think it will be. By