Turquoise Hill Resources Ltd. T.TRQ

Pentwater and Sailing Stone look after themselves

[ScotUK]

Looks like the big guys changed their minds and agreed a backroom deal with RIO leaving the PI's high and dry. Cheers Mr Hallblower

[Skip57]

OK ScotUK, do you have anything to back up your statement?  As I understand it, whatever RIO offers to the "big guys" has to be extended to the whole minority.

[OgnyQ4]

Agreed. Should be nord of 42cad. at the open tomorrow. After..... depends on the crowd

[OgnyQ4]

"Dissenters' rights ensure a shareholder that they can sell their shares at fair value in the event that a company takes a decision that they do not agree with. Dissenters' rights are guaranteed under state corporate law. When a dissenting shareholder disagrees with a firm's actions, they can exercise appraisal rights; appraising their shares, and being paid the fair market value

[Skip57]

OgnyQ4:  I understand Dissent Rights.  My issue is the Notice to Dissent that must arrive at 4 entities before noon on November 7.  RBC Direct Investing can't help.  I have calls into 3 local law firms seeking advice but have yet to receive a response.  Also sent email to TRQ investor relations seeking email address for their corporate law department, no response

[OgnyQ4]

Skip57 : that is yours issue. Mine is to take as much as possible in this circumstances. I could be wrong, but IMO the latest development means there will be a deal. So 43 cad is guaranteed. Then there is an option(almost guaranteed) to take more if someone wants to take the Dissent Rights way. That "someones" are the institutional investors which will be ready to pay premium (over 43cad

[Malpeque2]

Your in Yukon Business Corporate Law.     Google it.     RBC is not going to do the work for you.   Neither is Penwater and Sailing Stone.   You have to do the work yourself.      I do think RBC or whomever has to provide you a notice in a certain way that they HOLD the shares for you in a custodian/beneficiary way,   tkind

[Malpeque2]

I am pretty damn sure the option to dissent and take the chance at getting a premium is open only to shareholders of record who had the option originally to vote YES or NO.   There is no free highway open today. Did think of something.    Anyone could go argue in front of the judge if RIO offers the institutions X for their shares,  that we don't need to argue and do