RE:Well, will the beaten dog sell off on this news? CG,
Reminds me of Katanga in Canada. Minority company owned 10% of the Glencore Copper/Cobalt asset in Congo. They oppressed the minority with the debt financing arrangements and then diluted again in the end on a stock offering and then untimately bought out the minority on the very very cheap, right before it was all working well and cash flowing.
Looks like the same story here with TRQ and Rio. History does not repeat but it rhymes.
Some of the specifics are a bit different but it's the same attempt at the assets at a discount.
I like your analysis and take on it all.
However, you don't seem to hold much credence that Rio was maybe engaged in some financial fraud on the costs overruns. After all, you point out that they were the contractor.
Perhaps a lot of cash removed from the company thru less than arm's lenght subs who were contracted by the Rio management team? JUst guessing, they invent the unstable ground geotechnicals that nobody would understand so they can cost overrun the whole thing and remove lots of $$$.
Mongolie gets a debt forgivensss and an audit of the financials! You think that is a whitewash to get Rio off the hook?