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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: 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 Whatr_udoingon Aug 23, 2017 10:58am
144 Views
Post# 26612017

RE:RE:Copper up TRQ down

RE:RE:Copper up TRQ down

That's why it makes sense to have a trading piece and a trending position on this kind of stock. Buy on the bid, sell at the offer, and use a stop-loss. It's hard to know why a stock moves but easy to make assumptions. Is it something particular to the company, the sector, or a macro economic or market condition?
Many of us thought TRQ was undervalued at $6, after all it was $25 as Ivanhoe Mines. With a few years to go before underground production begins there's plenty of time for speculation and fluctuation until a significant improvement in fundamentals. We are but small fish in an ocean of sharks. GLTA

 

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