Entree Resources Ltd T.ETG

Pentwater answer to RIO

[UNKLAL]

is stick a pin in that latest stink bid for all of TRQ at $43.00 CDN. They purchased another 1.73% of TRQ on the open market at $41.74 avg share price!!! They also state in the news release this am, that the offer is way below what the cashflow will be for a mine that will be producing copper n gold for up to 90 years!!! Now remember that ETG probably has 3 times the resource that TRQ has n RIO wants to get control of the whole SHABANG for peanuts, I don't think so n I'm real happy we have SailingStone n Pentwater in our corner!!! What does the rest of this board think??? UNKLAL 

[raphaelle2]

SailingStone already indicated that they would consider about 60$ cdn a minimum acceptable ( based on RT own valuation). Very smart move by PWater to increase their ownership for... higher average. Now time is also money! Are they really considering long term investment in a new mine just starting their UG operation... Why not join SStorm for ETG if they really want to get into mining ? Still in

[Countrygent]

Although queering the current bid may extend early resolution, we have the approaching unarguable cashflow from Lift One coming, and the fact of the matter is OT has had methodically suppressed valuation for two decades, mostly to hold the reins on Mongolian overenthusiasm. The upside potential of higher metals prices, other major miners desperate for tier one copper assets, incredible expansion

[Rock9011]

I await with interest to see when the vote is and how it turns out.  If TRQ is not sold, ETG will not be sold.  The court case will also be interesting.  Should the court side with the minority shareholders RT will look pretty sad for a major miner. A decsion not in RT's favor will be a red flag for small investors to be weary investing in any operations of theirs going forward.

[Countrygent]

Unfortunately ETGgave a right of first refusal, then the Licence Fees Agreement, which ties Shivee West to only the Rio group - TRQ and OTLLC but no outsiders without their say so.  And the licences over that ground will have to be transferred to OTLLC eventually in any event. But I'm pretty optimistic the Pentwater moves are just hardball price negotiation or they are happy to hold