R.Friedland massive dump of Turquoise Hill Resources share
R.Friedland massive dump of Turquoise Hill Resources shares in 2013
A. Form 13G as of January 31, 2014.
R.Friedland holds 71,714,016 sh = 3.6% DILUTED 100% TRQ
https://www.sec.gov/Archives/edgar/data/938198/000119312514053186/d675782dsc13ga.htm
B. So, before rights offering he had 35..857 M sh -EARLY DEC 2013
Bought 35..857 M rights to total now 71,714,016 sh = 3.6%
Stake worth Feb 2014 $ 215 m ... we will update soon the
`Crumbling Empire `` series here
https://www.stockhouse.com/companies/bullboard/t.trq/turquoise-hill-resources-ltd?postid=22059349
C. JAN 31 2013 HE HAD 103,760,164 = 10.3%
https://www.sec.gov/Archives/edgar/data/938198/000095014213000364/eh1300312_sg13a8-mines.htm
MEANS, BETWEEN FEB - DEC 2013 SOLD 67..9 M SH = 6.7 % TRQ
GEEEEEEEESUS
AROUND 50 M SH DUMP BETWEEN MAY -DEC 2013
And then he goes to press and says " I will exercise ALL my rights "
lOOOOOOOOOOOOOOOOOOl
Goldamere IS SUB OF ABM ,
ABM IS SUB OF Newstar Securities ,
WHICH IS SUB OF Newstar Holdings
which is OWN BY RF, owning Ivanhoe Capital
geeesus... magic wallet with many pockets
Robert Friedland personaly owns 25,559,776 sh = 1.3%
and 46,154,240= 2.3% THROUGH Newstar Holdings which owns the underlying piramide
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D .TEMASEK GETS DECIMASEK BY FOLLOWING BOBASEK
Following his mouth and not his actions
Temasek Holdings (Private) Limited 171,524,394* =8.5% Feb 2014
At USD 3.25 /sh = $560m
As of November 14, 2012 TEMSEKBuys HOLDS 8.5% = 85,762,197 SH
Cost
1. Bought 85,762,197 SH = rights * $ 2.4 = $ 205.8 m
2.. May 2012 bought 36.6 m sh for $426m = around $ 11.6 ...loool
SINGAPORE, June 11 (Reuters) - Singapore state investor Temasek Holdings
has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million,
SINGAPORE, June 11 (Reuters) - Singapore state investor Temasek Holdings has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million,
https://in.reuters.com/article/2012/06/11/temasek-ivanhoe-idINL3E8HB59020120611
3 Before that had likle 4.4 m sh bought at higher than $ 12 ,say $ 15 = $ 66 m
4. TOTAL COST around $ 700m
5 LOSS SO FAR $ 140 M
DESPITE RELENTLES DOUBLING DOWN AND DOUBLING DOWN AND DOUBLING DOWN
ON THE TRQ WAY DOWN
STILL LOSES . LOOOL
IMAGINE THE LOSES OF PEOPLE OR FUNDS WHICH COULDN`T AFFORD
OR WOULDN`T DO INFINITE DOUBLING DOWN
( INCREASING STAKE BY 82 TIMES ..geeeeesus )
TO GET EVEN ON A LOSING TRADE
IN CASE OF THEMASEK TO COVER THE loses of $ 15 shares
cut by 5 ( initially woerth $66M and cut to $16 m )
THEY HAD TO SPEND $630 M GEEEESUS
to make up for $ 50m loses
loooool
WHAT A DETERMINASEK .
`
Apparently , Bob didn`t have the $ 250m needed to buy
another 103 m sh in rights , so, he sold 66% of his TRQ stake
which achieved 3 things
--- : rised the money he didn`t have and
--lowered by $160m the need for the rights outlay
-- allowed other funds to reduce their loses per share
by buying RF shares to double down theirs
TOLD YOU IN PREVIOUS POSTS ... HE IS IN A LIQUIDITY CRUNCH
$ 1 B ON PAPER IS NOT MUCH OF HELP WHEN YOU NEED COLD CASH
iN ADDITION TO THAT TEMESK LOST LIKE $50 M on new
IVN AND LIKELY $ 45 M ( + 90% )ON SGQ ( if not doubled down there )
+ loses on IVAN and couple of Bobs private Chineese ventures ..if any
( looks Temasek invests in most or all Bob`s adventures with DISATERASEK results )
E. .Edward C. Johnson 3-rd CUT HIS STAKE BY 4-TH
His TEMPLETON FUNDS owned Dec 31 2012 50,325,539 sh
Before rights had 12 .43 m sh
, after rights = now has 24.86 m sh
The cut by 4-th is nothing to TRQ SP soon to be cut by 10-th
looool
.