Entree Resources Ltd T.ETG

Country Gent partial drill result announcement from 2022

[thasis]

Country Gent,
I have always appreciated reading your posts on ETG as I have found them to be quite enlightening.
Interested to hear your take on this partial drill result announcement from 2022.
Why only partial results, especially considering it is from 2022. Are RIO games afoot ?

[Countrygent]

Thanks, I have spent 20 years following this story and accumulating a foolishly large position (not with regard to upside potential but with regard to diversification and personal investment risk management). Why Rio Tinto and OTLLC do not share geological data promptly is a question I can't answer.  Perhaps because the JV Agreement agreed to be executed following completion of the

[Countrygent]

Sorry a PS about negotiated exit for ETG. i am fully aware the Mongolians have never contributed a red cent to OT and never will.  In fact, they have bled lump sum inducement payments, ongoing taxes and value added, and then in 2022 a massive $2.6 billion loan forgiveness.  It all adds up to large numbers to their treasury over the past 22 years and even so they have had bitter tax

[Rock9011]

LOL You forgot to mention OT is the biggest employer of Mongolian citizens in the country. Wouldnt want to suspend operations here as a lot of folks would have to head for home.  On the flip side, an expansion could employ an additional 1000 or more workers.  An expansion now would likely be a lot more cost effective than waiting another 10 years. If I were a betting man I'd wager

[aldarion8484]

Just a thought that one possibility for Mongolian contribution to a buyout would be an agreed tax rebate on OTLLC taxes for a certain duration.  In other words that can make a contrbution through deferral of a certain amount of taxes. 

[Countrygent]

Nice thinking gentlemen. And of course Rio is getting back 17% or so of whatever bump ETG gets - they are shareholders already of course.  Another little swipe of value from TRQ that should leave those in the know with their blood boiling? I have no idea how motivated Rio is to do the right thing and seize the day here.  They have a long standing habit of dithering followed by panic

[thasis]

Pulled this from the CEO board. Not sure if it is 100% accurate but they make an interesting take. "If I am not mistaken Rio Tinto controls the dissemination of drill results.If correct it begs the question why would they reveal anything further prior to arbitration ? It would appear Rio Tinto just provided ETG a very limited few crumbs with the latest 2022 drill results.Was this in order to

[mrpancake]

That poster Shawshank is well know. I think he is correct; during negociations your not required to show your cards 

[Ratso07]

Very bullish comments by Rio Tinto boss this morning on BNN Bloomberg, The Open, regarding Mongolia and copper during interview at PDAC

[Countrygent]

Tell us more - not sure how to access that! cg

[Ratso07]

Will try to find the link for that from Bloomberg. I looked back on my email to ETG on October 27, 2023 about the 2022 drill results and this is what I got back from Investor Relations: "As noted in our Q2 2023 MD&A https://entreeresourcesltd.com/_resources/financials/Q2-2023-Entree-Resources-MDA.pdf, on page 2, partial assay results from the 2022 exploration drilling has been

[Countrygent]

If they never saw them, hard to know how or why they would say they aren't material.  Obviously not logical. cg

[thasis]

Thanks for your response CG. I am concerned about unbiased treatment from ETG management and the final deal struck for shareholders. Stephen Scott ETG's President and CEO was previously an executive with Rio Tinto Ltd so we know which way this is leaning. I mistakenly thought with Sandstorm now Horizon having so much skin in the game (24%) that they could provide some leverage to our

[Countrygent]

I believe after some discussion about the sale of the ETG shares to HCU a number of ETG shareholders concluded HCU is not bound by that provision.  There was not an assignment clause broad enough to bind HCU.   Or so several people concluded. Whether that is correct remains to be seen. As for Mr. Scott his legal and fiduciary duties are to do his best for ETG and its shareholders

[raphaelle2]

Unfortunately, I share your feelings. IMO, the latest drilling results confirm that Tinto's game of smoke and mirrors continues. As for ETG mgt, involvement. They have played the role of armchair quarterback long enough to accumulate a comfortable retirement nest. As I kept buying, I tried to answer this question: “Why should we expect fairer treatment than TRQ which was, compared to 

[ScotUK]

Maybe the arbitration will lean our way - unless the panel is stuffed with RIO stooges.