Re: Tough Day
One day is too specific to draw any conclusions - people buy in and out for their own reasons, but a long term trend of undervaluation and not moving in sync with big sectoral trends is an indication of other forces at work. Rio? Unlikely directly, but unseen grubby fingers are all over this play in the shadows IMHO.
Why no IA after 10 years of negotiating time? IVN/TRQ pledged best efforts for equal treatment of their JV partner over OUR licensed ground. Don't tell me we don't have leverage - a breach of the JV agreement would cut directly to the core intentions of the agreement which is an equitable division of the profitability of the ground when mined. That failure starts to look like a fundamental breach entitling ETG to substantial and material remedies if we are financially injured as a result.
I hate using this word, but, it is a TRUMP card.
In the meantime we are being kicked around.
cg