M,
I don't think holders give a toss about exposure to Ann Mason especially if it means having to trade on the TSX & this is evident by the falling share price. It is not going to change much closer to the T/O date as this fact will still remain. If ETG had an ASX listing it may be different.
Quite frankly I believe these shares should be bought by Canadians (or others)trading on the TSX who want a cheap entry into ETG-TO.