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Bullboard - Stock Discussion Forum 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... see more

TSX:TRQ - Post Discussion

Turquoise Hill Resources Ltd. > This is a done deal
View:
Post by VAN2010 on Oct 14, 2022 4:04pm

This is a done deal

We minority shareholders can keep voting NO till the end of time but this is a done deal. When TRQ  did the reverse stock consoliation, 10 to 1, could anyone do anything? Nothing....At current prices, what I hold today is a joke but pre consolidation would have been worth $1M. if we could not do anything then, nothing can be done now... So this deal is going ahead.
Comment by Sooner on Oct 14, 2022 5:37pm
Help educate us on the math from previous post....seems like it's a no go based upon that. 
Comment by Skip57 on Oct 14, 2022 7:15pm
Pretty sure the math is solid.  The only assumption I made was the participation of minority shareholders.  We know that Pentwater and SailingStone are voting against.  I assumed 90% of remaining minority wil participate.  The lower the participation, the less needed to vote against to reach the simple majority hurdle. Countrygent - would appreciate your review of my analysis. ...more  
Comment by UNKLAL on Oct 15, 2022 1:21pm
I received my wife n my voters package Thursday n VOTED NO on FRIDAY. RIO has been scr ewing TRQ shareholders from the get go, so I'm appealing to all shareholders to VOTE NO and end this stink bid permanently!!! UNKLAL
Comment by Consvestor on Oct 18, 2022 4:27pm
I think it must be close.  Otherwise they wouldn't be calling small potatoes investors like myself strong arming them into voting yes.
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