Entree Resources Ltd T.ETG

Full Disclosure Time

[Countrygent]

Not what I was expecting this morning, what a whipsaw move!  So the Lift 2 footprint is definitely bigger  on the NE flank, it definitely goes deeper than the currently planned extraction level, and chances are ever-increasing the displacing boundary fault at the northern end of Lift 2 is not so great a displacement or discontinuity that the ore body doesn't continue north as I and others have suspected ever since Greggy floated the interpretation of the 1300mN series of holes back in 2006 as a possible continuation of the same ore body.  Well, we may not know the facts on that one before we are walking away with a payout.  We'll see.

I was expecting us to see the price move up again sharply today, and that part ... well, should be a green day for sure.

Good luck all, especially all my old timer friends who have been on this roller coaster for decades!

cg

[lumpy13]

Always appreciate your comments, given your knowledge and that you've been here for a long time.

[raphaelle2]

After so many years of secrecy and escapes, with the complicity of many, whether on the side of GOM or RT, not to mention ETG itself, it would be almost shocking to see a so-called normal end to this saga. Considering - or rather imagining - all that we do not know, and that we will probably never know, it is better to expect an unconventional sequel that could extend over several more years...

[Countrygent]

Thanks, I have enough of a stake to try and keep close tabs. Like the article posted in Mining.com and reposted in the Northern Miner today, saying the NR with new drill results caused the stock to lift today.  No mention of the weekend story out of the Australian Financial Reporter saying Rio Tinto's CEO had travelled to UB to "race" to try and get what is hinted at as a

[Rock9011]

Not sure how the wizards can evaluate the ore deposit size and value when there are 8 holes to still report on from 2023 and 27 holes to report on from 2024 that are all on HNE2.  Then there are the comments of terminated in the ore zone so the zone is clearly larger than even these cores will gauge.  There was also drilling on Heruga that was not even mentioned in the press release

[stokpiker]

That has always concerned me, a 'special' deal for HCU/Sandstorm so they benefit from ongoing value growth while retail get taken out as cheap as possible. I've been involved in buyouts where that happened, a back room deal for the big shareholders that ties them to RIO I'm hoping our unknown large shareholders have some influence over the outcome in a way that benefits us all

[KingFox]

without a doubt HCU/SSL will want a stream on the copper and gold repsectively. they do not want a cash buyout. their business's are in stream assets. my guess is that is what is being negotiated. 

[Countrygent]

  It's fundamental in takeover bid situations that all shareholders of the same class must be offered identical consideration or choice of consideration.  Collateral benefits are also prohibited. Rio Tinto really pushed the envelope with TRQ and ended up having to make the Pentwater/Sandstorm "dissenting offer" to all shareholders. SSL/HCU already own streams on HNE

[stokpiker]

about 20 yrs ago I owned shares in a diamond mine, RIO was a major shareholder and eventually bought it out. they made back room deals with key shareholders to get their support, the retail shareholders complained but no one listened. Maybe Canadian securities oversight has improved over the last 20 yrs, I hope so but I doubt it.

[lumpy13]

Totally agree that HCU won't try to cut a special deal to stay in OT.  Too complicated and the significant cash they receive from the sale could be used 1) to pay down some of their $180m debt to SAND and 2) be used for other CU streaming/royalty deals.  As you note, SAND still has continuiing royalties.

[Countrygent]

  Erfan would never say it, but given the problems with SSR in Turkey, I'm pretty confident HCU doesn't like their risk profile at present, and exit  ongokia, as you say, pay down SSL in whole or part (which goes into gold streams on that side of their combined businesses) and look for some more copper assets in more stable jurisdictions,  There is a reason why the market

[Countrygent]

Typos, sorry, obviously (I hope) I meant "exit Mongolia".  Mea culpa.  cg