Entree Resources Ltd T.ETG

Rising price on low volume

[lumpy13]

Strange that the price is moving nicely upwatds but volume remains very low.  Perhaps indicative that investors are taking a wait and see attitude towards the negotiations/arbitration between ETG, RT and OTLLC, but generally optimistic.  Let's hope.

[UNKLAL]

My opinion is there is such a low float that retail shareholders aren't letting the tree shakers steal their shares!!! UNKLAL

[Countrygent]

This is not a typical junior mining promotion. There are many shareholders who have risked a position in ETG for many years based on a fundamental value analysis and the upside from appreciation of the resources/reserves and nearing cash flow to the JV partners.   I'm typical of many who have large positions accumulated over watching the OT story for many years.  No thirty cent

[Ratso07]

The 20 year high is $3.70  so lots of room to run. It appears that Canaccord, BMO Nesbitt and Morgan Stanley have been accumulating the stock over the last several months. Technical breakout.   

[ScotUK]

Let's hope so but remembver that we're dealing with RIO and Mongolia here. The TRQ 20 year high was something around $225 and it was bought out by RIO for $42  !

[aldarion8484]

RIO owned the majority of TRQ and was able to get away with a vastly undervalued price, but even now it is being contested in a dissent proceeding.  The same does not apply with Entree, in which a third party --Horizon copper -- owns even more than RIO.  Not saying that RIO won't put up a fight (Mongolia will have little to do with it, since they won't be paying), but their

[Countrygent]

With apologies if I'm being repetitive, but an ETG buyout engineered by Rio Tinto but executed by OTLLC is fundamentally different from the Rio buyout of the 49% of TRQ they didn't own. In the TRQ situation the ownership of Rio Tinto doubled.  They shut down the cost of a public listing and another level of corporate governance - but given the values in play that was a limited

[Countrygent]

One PS to that ... some have complained that ETG hasn't actively promoted itself and its stock price.   To me that looks like ETG playing ball with Rio Tinto and Mongolia, not to suppress a buy-out price, but to hold back speculation to be able to deliver as large a premium to market as possible so as to ensure a negotiated buyout price satisfactory to HCU and ETG management will be

[Rock9011]

Still like Edison's evaluation from 2017.  And it was established before the significant increase and copper / gold prices Valuation: Adj for FY17 results, otherwise unchanged We have performed a SOTP valuation for Entre Resources, with the majority of value derived from using the Entre-attributable production and cost data contained within the 2018 updated Feasibility Study on HNE