I was worried about RIO not taking part in the new share issue - but they have! So they are now our largest shareholder by a large margin and it means that they are our most likely suitor. I think (and hope) that the only way is up now, as many of you have said the bottom is in.
Those new shares are issued @ CAN 1.25 (=$1.20). Should be rock bottom. I'm buying every day - never thought that I should get such a great opportunity to buy-in this low. BONANZA!
Well, place foot squarely in mouth and twist. Sorry, didn't know about the stock issuance coming. fundamentals trump technicals every time. I have to agree with HN here and I don't own any of this stock at this time, but you are massively oversold. If the markets don't tank, this looks like a bottom. JMHO
Hi, everyone I'm back. Sorry, my first call missed a little at 2.43, but I call that close enough.
Now I just got another buy signal. We have a lot of overhead resistance and the macro markets are not acting well, but I got a buy signal. Looks like 2.10. I am not sure that I will take it but there it is. GLTA
EGI could have done that already a long time ago. I think for them (RIO) it is better to have a stake in a company that is not under their direct control. SO, EGI has more room to take calculated risks - risks perhaps RIO wouldn't take. The moment EGI hits the jackpot they are still in the game because EGI probably will ask RIO to manage the operations. Time enough by then to take them over.
So, to make REAL money with EGI it takes strong shareholders with a LT approach. I'm sure that Ann Mason and also OT still has much more to offer. At a certain point in time RIO will be tempted to take EGI out (take over). At that moment we must stay put to get a real good price. Just think this over. When RIO would buy EGI out at this moment in time - what would be a knock-out offer?
In my perspective EGI is worth at least $5 - I wouldn't consider selling for less. But other shareholders would probably sell out for less.
3rd Q. results were better than expected and the news that they only need (and will get via underwriting) 12.5$ million fresh capital is also positive (enough cash now for funding operation till 2014). Looks like EGI is set up to go higher now - bright future ahead (Ann Mason!)- we will see 2.50 soon.
Have a look at their 2011/3rd Q. Management Discussion: http://www.entreegold.com/investors/financials/
This is their new company presentation. They added some interesting charts. 59% of shares are held by top 13 shareholders (see chart 8).
Henri, i think it wasn't all good news. They sold off to their coal assets for 1.6 million dollars- Was this a gain or loss for it? Also the cash they wish to raise- it will dilute the share price even further, won't it?
We are nearing. Please remember that EGI is not only a sleeping copper giant but also a sleeping gold & silver giant. After 2012 money will be pouring in at an unbelievable speed. Price will go up up up up up the moment they will start making money (first positive cash flow expected q1 -2013 - after that it will triple (!!! - please don't laugh - this is real) each quarter - EGI is the perfect gold play - please make some calculations and projections yourself). Yes indeed - this is an investment for the real investors - people who like to play a strategic game and like to win big, big time. EGI wil go > 5 in 2012, > 10 in 2013 and >100 in 2015. If you want to make REAL money - buy some and stay put for some years. It is worth the ride. You won't regret it. Price is already going up - but is still at a fire sale price (don't ask why - be glad somebody had to sell) - won't last long though. We will see $5 very, very soon. GLTA.
Yep - we are nearing 2,50 now. I expect a jump to 3 because of covering of written calls. Something is in the air - perhaps Rio will buy the rest? They have to pay at least 5 to make a chance.