With the worst market conditions in over 30 years for the resource sector this deal that the management of ETG has been able to complete is the best anyone could have acheived. As to the market reaction to such a positive news announcement - this is also a reflection of the worst market sentiment in decades. Add to this more negative sentiment towards mining projects in Mongolia because of the corrupt and immature behaviour of the Mongolian political elite and you arrive at low investor interest .
Have to wait for the cyclical turnaround. Isn't there a saying that when there is "blood in the streets" you buy ?