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Turquoise Hill Resources Ltd. T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Comment by Skip57on Nov 18, 2022 3:43am
131 Views
Post# 35109433

RE:RE:RE:Not a sure thing by any stretch.

RE:RE:RE:Not a sure thing by any stretch.

Agree that this is still a 2-tier arrangement due to the costs of dissenting for small shareholders.  Wonder how the Quebec regulators will view this?  Is this in the "public interest"?  I paid my lawyers a significant sum to research dissent case history.  It's basically a 50/50 shot to improve on the $43 offer and very expensive to proceed.  RIO's hope is to pay out $43 to 67% of the minority and have arbitration determine the remainder instead of upping the offer for everyone.  Unless Pentwater and SailingStone vote "NO", I believe the $43 offer will pass.

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