RE:RE:RE:You happy with his sale. it's definately frustrating ---- most especially when we were lead to believe that Rio would complete the minimal remaining DD a long time ago. Who gave us that inaccurate feedback --- unfortunately Dale...of which many of you seem to think he can do no wrong.
For those of you that think Rio is our savior and is going to get you a double digit offer within the next 2 years --- not gonna happen unless something drastic happens to metals.
Just take a look at the recent commentary from SailingStone ---
https://www.prnewswire.com/news-releases/sailingstone-applauds-turquoise-hill-response-to-rio-tintos-offer-301606287.html
i'll highlight a few of the comments
The proposed acquisition price is nowhere near the intrinsic value of Oyu Tolgoi, as it values the Company at less than 35% of capital invested to date and represents a 60% discount to Rio Tinto's own cost basis in TRQ, a position that Rio acquired over a decade ago when the net present value was far lower and the risks far greater than today
Rio Tinto's opportunistic bid...
....last several years have come as the result of Rio's incompetence
Apparently, Rio Tinto isn't interested in selling their stake in TRQ, even at a price which it claims represents "compelling value" for the seller.